After two conferences of the season, three teams simultaneously disbanded their franchise, these are A&W Pioneer, Crispa White Cement and RC Cola. Two new teams namely Serg's Candies and JCT-Evertex were accepted as probationary members starting the Invitational Cup on October 24, 1992.
A PBL-Selection participated in the Jones Cup tournament in Taipei.
During the Invitational Cup, an Atlanta team composed of Fil-American players, led by former RP team member Eddie Joe Chavez, played as guest team and seeded in the semifinals. [1]
Sta.Lucia defeated Crispa, 81-62, in a playoff on January 21 for last semifinals berth, [2] the Realtors and the Triple-V Foodmasters came out on top after the double-round semifinals and will play in the championship. Triple-V won their second straight PBL title, defeating the defending Philippine Cup champions Sta.Lucia Realtors by coming back from a 1-2 series deficit to win the last two games.
Six teams advances in the semifinal round, the final standings after the double-round semifinals, Sta.Lucia (19-7), Triple-V (17-9), Magnolia (16-10), Crispa (14-12), Burger Machine (12-14), and Casino (11-15). Triple-V and Sta.Lucia once again played in the finals, the Sta.Lucia Realtors this time completed a 3-0 sweep and exact revenge over the Foodmasters for the Maharlika Cup title, the Realtors won their 2nd PBL crown while the Foodmasters lost in a finals series for the first time. [3]
Triple-V advances in the finals first by beating Sta.Lucia, 73-71, on the last playing date of the semifinal round on December 12, [4] forcing the Realtors in a playoff with Casino Rubbing Alcohol, the Realtors prevailed over the Alcohol Distillers, 63-51, [5] in their knockout game two days later and for the third time in a year, Triple-V and Sta.Lucia will battle for the PBL championship, the Foodmasters, which acquired Johnny Abarrientos from the disbanded Crispa at the start of the conference, got back over the Realtors via 3-0 sweep in the Invitational Cup finals. [6]
