The vaunted Chinese national basketball team recognized his ability by always reminding their players to be on the lookout for "Philippine No.

In 1982, he bounced back by leading the Red Warriors to a comeback win against the UP Fighting Maroons in the finals, scoring 30 points to capture the UAAP basketball championship and won the Most Valuable Player award.

In the 1985 William Jones Cup, Caidic played in the San Miguel Beer-Philippines' overtime victory against the US, coached by Gene Keady, in the finals.

Keady, later, told Ron Jacobs that he had the highest respect for two Filipino cagers whom he called 'Heckle and Jeckle' (referring to Allan Caidic and Samboy Lim).

In 1986, he led an all-amateur national team to an Asian Games bronze medal, after a heart breaking controversial loss to South Korea in the semi-final.

In 1987, he was drafted first overall by the Great Taste Coffee Makers and played alongside Ricardo Brown to lead the team to the PBA Open Conference finals (In Game 3, he equalled Brown's PBA all-time record for the most points scored by a Filipino in a single finals game – 48 points) and later captured his first PBA-All Filipino Cup championship.

In 1990, he set the PBA all-time record for the most three-point field goals made in a single season (160 triples) and led Presto Tivoli to a championship title.

He was named the 1990 PBA Most Valuable Player and was selected to play for the first all-pro national team coached by Robert Jaworski, bound for the Asian Games.

The Philippines went on to win the silver medal after losing to China in the finals with Caidic and Samboy Lim named in the mythical 5 selection.

During his time with San Miguel, he teamed up with Samboy Lim to form the league's deadliest scoring duo in the 1990s and led the Beermen to the 1993 All-Filipino Cup finals.

In 1994, San Miguel won the right to represent the country in the Asian Games after winning the PBA All-Filipino Cup conference title.

In the Asian Games, the Beermen formed the core of the national team with some loaned players from the other PBA ballclubs like Alvin Patrimonio and Johnny Abarrientos.

The incident took place when he jumped for a rebound, he collided with teammate Nelson Asaytono, fell on the floor headfirst, vomited, and remained on the court motionless before he was removed from the arena and taken to the hospital.

To avoid leaving Ginebra and playing for Red Bull, he announced his retirement and decided to hang up his jersey that year.

He also served as the national team's assistant coach in 2002 and was an active participant of the San Miguel Corporation All-Stars, a group composed of several former professional basketball players.

Aside from being one of the country's Sports Ambassador, he also served as San Miguel Corporation's Philippine Baseball and Boxing Project Director/Liaison Officer for the South East Asian Games.

On June 15, 2006, on his 43rd birthday, he fittingly released his autobiographical book, "My Life Allan Caidic, The Triggerman", one of the first sports biographies by a Filipino athlete.

[8] In 2008, he joined several PBA legends in a charity Tour of California but played a minor role due to personal commitments.

On August 27, 2010, he scored 54 points during the 2010 NBA Asia Basketball Challenge held at Araneta Coliseum in Quezon City.