Olsen Racela, born on November 1 in Quezon City, Philippines, was so named because he was born on All Saint's Day (his brother Nash was born on National Heroes' Day). As a young boy, he started playing basketball early in his life. It was just a game back then. A couple of shots through a hoop in his old neighborhood. Among his brothers, he shone out with the better basketball skills which gave him a spot in Ateneo de Manila University's varsity team.
In 1993, Racela was selected 12th by Purefoods in the 1993 PBA Rookie Draft. From 1993-1996, he played the backup role to Dindo Pumaren and won two titles with the Purefoods franchise under a limited role with the team.
He made his second stint in the national team in 2002 for the Asian Games in Busan, South Korea. With Racela as point guard, the Nationals made it all the way through the semifinals against host South Korea. In the final minute, Racela scored a three-pointer to give the Philippines the lead. However, after recovering the possession and was fouled, he missed two crucial free throws that could have given the country a four-point lead. Instead, Lee Sang Min's buzzer-beating triple gave the Koreans a dramatic 69-68 victory. Some argued that the blame rest on Jong Uichico's coaching in which he didn't set out a plan to ease Racela's pressure from the 15th foot line.
Despite the missed free-throws, Racela continued to shine in his point guard duties with San Miguel. In 2004, he dished his 2,000th career assist and was the starting point guard when the Beermen won another title in the 2005 PBA Fiesta Conference.
Starting in the 2007-08 All Filipino Conference, Racela occasionally plays off the bench in preparation for his retirement and life as an assistant coach.
League's oldest active Player and Retirement
After Johnny Abarrientos announced his retirement, Racela will play for another PBA season with San Miguel. He turned 40 on November 1, 2010 and was the senior statesman of the PBA during that season. He announced his retirement on January 28, 2011 at the Araneta Coliseum at the start of Game 4 of the finals. He had played the entire finals series before he hanged up his #17 jersey in which Talk 'N Text Tropang Texters subdued San Miguel Beermen in 6 games.