[5] The league then subsequently held its first Pro Division tournament: the Pearl of the Orient Cup, which saw eight teams compete in venues across Mindanao.

Among the teams were two that moved from the Maharlika Pilipinas Basketball League (MPBL): the Basilan Peace Riders and Davao Occidental Tigers, the latter of which became the inaugural champions.

In mid-2023, PSL underwent new management changes with the entry of new president Cris Bautista and league commissioner Allan Caidic.

The President's Cup is the league's biggest to date, with 19 competing teams, eventually concluding with the Quezon Titans being crowned the champions.

On May 8, 2024, the PSL became a stakeholder in the country's national basketball federation, the Samahang Basketbol ng Pilipinas.