San Sebastian College – Recoletos hosted the season, starting with an opening ceremony held at the Araneta Coliseum on June 28, 2003, followed by four games.

[1] Former Philippine Basketball Association chairman, Shell executive, and San Sebastian alumnus Rey Gamboa graced as the guest of honor.

Boyet Bautista then drew a series of fouls and made four straight points from the charity stripe to give the Knights their biggest lead, 56-50.

[5] Tied at 71-all in the last three minutes of Game 2, the Stags gunned the Knights down with a 11-2 decisive run, thanks to Christian Baluyot's bail out three-pointer.

Redentor Vicente and season MVP Leo Najorda put up the finishing touches to gave San Sebastian the win and extended the series.

But teammate James Martinez erupted for a 3-of-5 treys in the fourth quarter, and hit a 14-footer to break a 70-all deadlock with 12 seconds left in the game.