The tournament began February 21, 2023 and ended with the final game on February 27, 2023 when the Zamboanga Family's Brand Sardines beat the Nueva Ecija Rice Vanguards, 88–80.

[1] The tournament was once again held at a single venue, this time being the Lagao Gymnasium in General Santos, home of the GenSan Warriors, with a format is similar to that of the previous edition, albeit downsized to accommodate the smaller pool of teams.

Making their first Invitational appearances were the Batangas City Embassy Chill (competing as the Batangas City Tanduay Rum Masters) and Zamboanga Family's Brand Sardines.

The top two teams in each group advance to a two-round, single-elimination playoffs consisting of all knockout games.

[3] This was the first MPBL Invitational under Cignal TV's ongoing broadcast partnership with the league.