The 21st edition of the Governors' Cup started on January 22 and ended on April 21, 2023.

The tournament allows teams to hire foreign players or imports with a height limit of 6 feet 6 inches (1.98 m).

Sponsored by Japanese automotive company Honda, the conference is officially known as the 2023 Honda PBA Governors' Cup.

The following format will be observed for the duration of the conference: *Game went into overtime All match-ups had the higher-seeded team having the twice-to-beat advantage, where they had to be beaten twice, and their opponents just once, to advance.

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