Jose Rizal College hosted the season, starting with an opening ceremony held at the Araneta Coliseum on July 18, 1999, followed by a quadruple-header.

Raymundo then forced Ariel Capus to throw up an airball, which led to Aldin Ayo scoring on a lay-up to put the Knights in the lead.

At halftime, fracas ensued when Letran supporters rained debris on JRC cheerleaders, causing the game to be delayed by an hour.

Valeña then threw a punch on Prior at the nape, then the JRC supporters rained debris on the court, causing the game to be delayed again.

"[4] Armed with the twice-to-beat advantage after winning all 14 elimination round games, San Beda was beaten for the first time in the season by Mapua, extending the series.