Team standings

Fifth-seed playoff

On January 3, the Purefoods Chunkee Giants defeated the Sta. Lucia Realtors, 92–78, at the Cuneta Astrodome. Purefoods advances to the quarterfinals, while Sta. Lucia has to go through the wildcard phase.

Quarterfinals berth playoff

With Air21 sweeping the wildcard phase, and Sta. Lucia emerging on top of the wildcard standings, an elimination game was played to determine which team will advance to the quarterfinals.

(3) Red Bull vs. (6) Sta. Lucia

Playing all of the available game dates, the Realtors were seen to be tired going into Game One, while the Barakos had their last game a month earlier, receiving a bye up to the quarterfinal round.

The Realtors were tired, head coach Alfrancis Chua said, of losing, at the post-game press conference after their victory at the Araneta Coliseum. On Game 2, Sta. Lucia failed to capitalize on their last-second possessions as the Bulls upended them in overtime. With the series tied, and perhaps the long list of games they've played catching up on them, the Realtors were blown out by Red Bull on the third game at the Yñares Center at Antipolo, where they're beaten only once.

On the fourth game, Sta. Lucia kept up with the Barakos but were outlasted at the fourth quarter to drop out of contention; Red Bull now has four straight semifinals appearances.

(4) Talk 'N Text vs. (5) Purefoods

Defeating the Realtors on the fifth-seed game, the Giants availed themselves of a week's rest to prepare for the Phone Pals. With the elimination round series split at 1–1, with the last game needing three overtimes to finish, the series was seen as opposites with Purefoods having a deliberate-type of offense while Talk 'N Text going for the uptempo style of play.

In the first game of the series, Marc Pingris of Purefoods top-scored with 19 points to draw first blood. However, Pingris himself suffered a broken nose as the Giants were routed. At the dying moments of the game, Purefoods' Paul Artadi and Jimmy Alapag of the Phone Pals had an altercation, and both were ejected from the game; Alapag himself was suspended for Game 3 for punching Artadi in the face. In the third game however, with Pingris wearing a face mask, he was again injured in the second quarter, this time in the left ankle. He did not return, and the Giants were routed by the Phone Pals to lead 2–1.

The Phone Pals dethrone the Giants as Purefoods ran out of gas in Game 4. Talk 'N Text would face first-seed Barangay Ginebra, a team they've beaten twice in two meetings at the semifinals.

(1) Barangay Ginebra vs. (4) Talk 'N Text

Ginebra was seen as one of the preseason bets to win the championship as they've revamped their lineup, taking in trades from Coca-Cola and Air21. Ginebra finished with a 13–5 record, tied for the first seed, taking a bye up to the semifinals. Talk 'N Text, on the other hand, actually beat the Kings in their elimination round meetings.

Ginebra, despite having a month's rest, was dealt with a blow when team captain Eric Menk was injured in a bar brawl. Menk would not be able to play in the semifinals.

Game 1 saw Ginebra blow out the Phone Pals as the league's scoring leader Mark Caguioa pumped in 34 points. The Phone Pals bounced back in Game 2 as Mark Cardona converted a three-point shot at the buzzer. With momentum on their side, Cardona and former De La Salle teammate Ren-Ren Ritualo combined for 47 points to pull Talk 'N Text to the lead 2–1. Ginebra then leveled the series 2–2 when Caguioa scored 26 of his 35 points in the second half to keep distance with Talk 'N Text.

Ginebra and Talk 'N Text then engaged in a hard-fought Game 5. with the Kings leading 20 by the end of the second quarter. Talk 'N Text crept back and led for the final two minutes, until Ginebra cut the lead to one point. With Phone Pals having the possession, Asi Taulava failed to convert an undergoal stab which led to the Ginebra fastbreak with Mark Caguioa having an easy lay-up. The Kings never looked back as they sealed a 3–2 lead.

With their backs against the wall, the Phone Pals made a blistering start but the Kings were able to catch up and remain within striking distance. Ginebra's Ronald Tubid was called for a flagrant foul-type 1 after harassing TNT's Felix Belano. Cardona led the charge for the Phone Pals, scoring 12 points until he was ejected after kicking Tubid on the gut, incurring his own flagrant foul-type 2; Belano returned the favor as he incurred another flagrant foul-type 1 on Tubid on the fourth quarter. At the middle of the fourth quarter, Jay Washington converted a three-point shot to put TNT ahead 83–79. The Phone Pals would miss their next five attempts with the Kings converting 11 points to allow Ginebra to win the game. Caguioa sat out the last few minutes due to cramps as Johnny Abarrientos of Ginebra overtook Ramon Fernandez in the all-time Steals list with 1,302 career steals.

Cardona would be suspended for the third place playoff and was assessed with a P20,000 fine for his improper behavior.

(2) San Miguel vs. (3) Red Bull

San Miguel and Red Bull split their elimination round games as the Beermen eked out the Bulls on the last berth for the semifinals bye; prior to that, the Barakos and the Beermen figured in their own best of seven semifinal at the 2006 PBA Philippine Cup in which the Bulls emerged victorious, via seven games.

Red Bull lead much of the first game, but the Beermen led by Dondon Hontiveros and Danny Ildefonso mounted a 19–2 run to draw first blood. Red Bull then made sure to lead from start to finish as they walloped San Miguel to force a 1–1 tie. On Game 3, San Miguel continued their alternating wins against Red Bull in the playoffs as they pull ahead 2–1; Ildefonso was ejected at the fourth quarter after receiving two technical fouls after a skirmish against Enrico Villanueva and Mick Pennisi.

The pivotal fourth game was nailbiter as both teams exchanged baskets for most of the game until Pennisi, who had a 20% shooting night, converted a three-pointer at the buzzer to tie the series again, at 2–2. San Miguel withheld Red Bull at the fifth game, as they outscored the Bulls from the second half to hold a twice-to-beat advantage going into the sixth game.

Facing elimination, Red Bull engaged San Miguel in a shooting contest until Yeng Guiao was caught throwing an elbow to Dondon Hontiveros; San Miguel assistant coach Biboy Ravanes yelled to the referees while another assistant coach, Pido Jarencio, charged towards the Red Bull bench coming almost in contact with Guiao. When the dust settled, Guiao was assessed with two technical fouls and was ejected; Ravanes and Jarencio each received a technical. San Miguel pulled away but Red Bull chipped the lead to appear at striking distance at the fourth quarter. Celino Cruz converted clutch baskets to give Red Bull the lead 102–100; Seigle missed the potential game-tying jumper as Cruz was fouled on the rebound. Cruz converted his two freethrows to put the lead out of reach for the Beermen to force a Game 7.

After the fracas, Guiao was meted with a one-game suspension which would take place the game after Game 7 and a P30,000 fine; Jarencio was meted a P50,000 fine for improper contact with the referee; his suspension is also deferred the game after Game 7.

In the deciding game 7, San Miguel built a comfortable lead to avoid any Red Bull incursion, the last happened on the 6-minute mark but Hontiveros doused cold water a pair of back to back three-pointers.