Ato Badolato, former head coach of the San Beda Red Cubs, was named commissioner for basketball for the 2010 season.

The Ateneo Blue Eaglets forced the step ladder format, putting themselves directly into the finals.

First-seed FEU Tamaraws advanced to the finals after beating the De La Salle Green Archers in overtime, 69–59.

They faced off against the defending champion Ateneo Blue Eagles, who blew past the Adamson Falcons, 68–55.

Ateneo started off with an outstanding win, sweeping the Tamaraws by 23 points in game one (72–49), which was the lowest output by a team in the finals since UAAP Season 61, by the same school.

In Game 2, Ryan Buenafe delivered a season high of 23 points, and a critical three-point shot that lead to the championship.