2006–07 PBA season

• On November 19, Red Bull's Enrico Villanueva and Coca-Cola's Joseph Yeo and Mike Gavino had an altercation at the Araneta Coliseum parking lot after the Tigers' loss to Red Bull. After a meeting at Commissioner Noli Eala's office, Yeo and Villanueva mended their ways. Gavino, Allan Salansang (of Coca-Cola) and Manny Ramos (of Red Bull) gave their testimonies. Villanueva and Yeo previously had an altercation at the Ateneo-La Salle Dream Game, in which Villanueva played for Ateneo while Yeo played for La Salle.[1]
• On November 30, Red Bull coach Yeng Guiao and Talk 'N Text team manager Frankie Lim featured in a shouting match as Asi Taulava of Talk 'N Text and Carlo Sharma of Red Bull figured in an altercation, in a game held at Tacloban City. Guiao and Lim were later ejected at the playing court.[2] Guiao and Lim were later suspended for two games.
• The PBA board approved the passing of the "Restricted Trading List (RTL)," a list of one, later two, players that can't be traded for, unless the replacement is also in the RTL. Qualifications for inclusion in the RTL include statistical points, salaries, longevity and marketability of a player. The RTL is designed to prevent one-sided trades, or trades that will favor only one team.[3]
• San Miguel Corporation (SMC) sold all of its shares of Coca-Cola Bottlers Philippines to the Coca-Cola Company for US$590 million. The fate of the Coca-Cola Tigers is in doubt but rumors say that SMC will transfer the Tigers into different subsidiary.[4]
• Air21 Express traded Yancy de Ocampo and Leo Avenido in exchange for Abby Santos, Mark Andaya and two first round picks in 2009 and 2010 to the Talk 'N Text Phone Pals.[5]

• Finals MVP: Jayjay Helterbrand (Brgy. Ginebra)
• Best Player of the Conference: Mark Caguioa (Brgy. Ginebra)

• The Purefoods Chunkee Giants changed their nickname to the "Purefoods Tender Juicy Giants," a combination of the Chunkee Giants and TJ Hotdogs nicknames they've had.
• Twelve out of fifteen players who were selected to the national team were pulled out from their mother teams to begin their training for the upcoming SEABA Championship 2007, a qualifying tournament for the FIBA Asia Championship 2007. As a result, an apprenticeship draft was supposed to be held, but with players from the Philippine Basketball League and the Mindanao Visayas Basketball Association not taking part, the teams were advised to activate players from their respective injured reserve lists.
• The playoffs of the conference were supposed to be shortened for the national team but since the players themselves wouldn't participate in the conference, the semifinals was re-extended from a best-of-five series to a best-of-seven series.
• The Coca-Cola Tigers and Coca-Cola Bottlers Philippines were sold by the San Miguel Corporation to the Coca-Cola Company. The Atlanta-based company honored the existing contracts of the team, except for team manager Allan Caidic who voluntarily left the team.
• Former commissioner Jun Bernardino died as he suffered a heart attack; all teams were to wear black bands in the duration of the conference.[6]
• The Sta. Lucia Realtors dealt Kenneth Duremdes, Alex Cabagnot and Ricky Calimag to the Coca-Cola Tigers in exchange for Dennis Miranda, Manny Ramos and Coca-Cola’s second round draft pick next year.[7]
• After negotiations at Ratchaburi, Thailand, Red Bull Barako traded Enrico Villanueva for Rommel Adducul of the San Miguel Beermen. Prior to this, Pennisi replaced Villanueva in Red Bull's restricted trade list in order for the trade to push through.[8]
• The Purefoods Chunkee Giants then traded Don Camaso and a second-round pick in either the 2007 PBA Draft or the 2008 PBA Draft for Adducul.[9] This was criticized by PBA insider Ronnie Nathanielsz saying the league was being used "as a business enterprise not to promote its products but to make money selling players" that would lessen the competitive balance between teams.[10]

• Finals MVP: Willie Miller
• Best Player of the Conference: Mark Cardona (Talk 'N Text)
• Best Import of the Conference: Rossel Ellis (Alaska)

Arwind Santos named the game's most valuable player.

Jayjay Helterbrand and Willie Miller named the game's co-most valuable players.

• Most valuable player: Jimmy Alapag
• All-tournament team:
  • Jimmy Alapag
  • Michael Madanly
  • Fadi El Khatib
  • Kelly Williams
  • Joe Vogel

• Coach of the Year: Jong Uichico (Barangay Ginebra)
• Mr. Quality Minutes: Chris Calaguio (San Miguel)
• Comeback Player of the Year: Gary David (Air21)
• Referee of the Year: Mario Montiel
• All-Rookie Team
  • LA Tenorio (San Miguel)
  • Jireh Ibañes (Welcoat)
  • Jay-R Reyes (Welcoat)
  • Kelly Williams (Sta. Lucia)
  • Arwind Santos (Air21)

Includes one-game playoffs.