The richest crop of rookies, and the most talented PBA batch of draftees, came to the PBA in its 15th season, most notable names were Benjie Paras, Nelson Asaytono, Dindo Pumaren, Paul Alvarez, Zaldy Realubit, Elmer Cabahug, Romeo Dela Rosa, Renato Agustin and Ricric Marata. 
The PBA All-Star game was held on June 4, featuring the Veterans coach by Baby Dalupan, against the Rookies/Sophomores coach by Dante Silverio, the Veterans won the game on Ramon Fernandez's last-second basket on an inbound pass from former Toyota teammate Sonny Jaworski, the All-star MVP was awarded to Elmer Cabahug of the Rookies/Sophomores team. 
The San Miguel Beermen completed a three-conference sweep, becoming the second team to win the third Grand Slam in the League. The Grand Slam win by the beermen made coach Norman Black the third Coach to win the said feat, following the footsteps of Baby Dalupan and Tommy Manotoc, who both won it with the Crispa Redmanizers in 1976 and 1983.
Formula Shell center Benjie Paras, the first overall draft pick of the season, made history by winning both the Most Valuable Player and the Rookie of the Year awards, the only occurrence in the league.