The tournament is an import-laden format, which requires an import or a pure-foreign player for each team and with no height limit.

From the semifinal round onwards, the tournament is sponsored by Cebuana Lhuillier.

Due to the preparations of the Philippines men's national basketball team for the upcoming FIBA Asia Championship, the opening of Governors' Cup was moved on the second week of August, at the conclusion of the FIBA tournament.

[1] The tournament format for this conference was as follows:[2][3] The following is the list of imports, which had played for their respective teams at least once, with the returning imports in italics.

Highlighted are the imports who stayed with their respective teams for the whole conference.