The muses for the participating teams are as follows: Red Bull Barako won the 2005–06 Fiesta Conference defeating the Purefoods Chunkee Giants in six games.

The Air21 Express defeated Barangay Ginebra Kings to capture third place in a one-game playoff.

The league introduced a Give Me 5 Promo, in which tickets for Upper Box B and General Admission seats would cost only five pesos.

Ginebra's Jayjay Helterbrand won the All-Star Game MVP honors.

*OvertimeThe Purefoods Chunkee Giants defeated the Red Bull Barako, 4–2, in their best-of-seven finals series to win the Philippine Cup.