The 1982 PBA Invitational Championship was a short tournament featuring the visiting South Korean squad and the top four teams of the Reinforced Filipino Conference.  It started on July 25 and ended on August 10, 1982.
Crispa had came back from a 10-point deficit, 79-89, to lead 93-92, on a jumper by Atoy Co with 4:43 left in the game, but the Redmanizers did themselves in with passing errors, those turnovers set up back-to-back goals by Beerman Alex Tan, a side jumper by Marte Saldaña and Norman Black scored on another error by Ramon Cruz to give the Beermen a 100-93 lead, time down to 1:06 remaining. The Redmanizers absorbed their fifth loss to the Beermen and has yet to win over San Miguel in this season. 
The Beermen were down by nine points with 7:57 to go in the final period when an 11-2 run tied the count at 94-all. Norman Black, rookie Marte Saldaña and Manny Paner combined to give the Beermen a 103-98 edge with time down to 1:13 left. The Redmanizers threatened for the last time, 102-103, with 28 seconds remaining on two free throws by Atoy Co and Abet Guidaben, after Norman Black missed on a quartercourt jumper, Glenn Hagan gained possession but the Crispa import ran into a triple team and lost the ball, Hagan inbounded to Philip Cezar with three seconds left, Cezar muffed a short jumper, giving the title to San Miguel Beermen, which bag their second championship in the PBA.