The season formally opened on November 17, 2013, and finished on July 9, 2014.

The league continued to use the three-conference format, starting with the Philippine Cup, or the traditional All-Filipino Conference.

Originally scheduled to end on August 13, the season schedule was shortened to allow more time for Gilas Pilipinas to prepare for the 2014 FIBA Basketball World Cup and the 2014 Asian Games.

[1] Due to the Philippines' hosting of the 2013 FIBA Asia Championship last August, the third conference of the previous season, the 2013 PBA Governors' Cup was rescheduled to start on August 13.

Key transactions: The opening ceremonies for this season were held in three different locations, one each representing Luzon (Smart Araneta Coliseum, Quezon City), Visayas (Cebu Coliseum), and Mindanao (USEP Gymnasium, Davao City), while the main ceremonies was held at the Smart Araneta Coliseum in Quezon City.