The event was held at Midtown Atrium, Robinsons Place Manila on August 24, 2014.

The GlobalPort Batang Pier won the rights to the first overall selection against the Meralco Bolts.

[1][2] Due to a previous transaction, the draft rights of Meralco belongs to the Rain or Shine Elasto Painters from the Ronjay Buenafe trade on August 28, 2012.

[3] The matter on how the draft lottery is conducted became the subject of criticism from the fans and from Rain or Shine coach Yeng Guiao for lacking credibility and transparency.

The league's board and management committee will review the procedures of the lottery draw to prevent the issues raised to happen again.