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The 1986 PBA season was the twelfth season of the Philippine Basketball Association (PBA). Magnolia filed a leave of absence during the season and Alaska Milk marked its first season in the league.
[edit] Champions
- Team with best win-loss percentage: Ginebra (42-23, .646)
[edit] Individual awards
- Most Valuable Player: Ramon Fernandez (Tanduay)
- Rookie of the Year: Dondon Ampalayo (Ginebra)
- Most Improved Player: Ricky Relosa (Alaska)
- Mythical Five: Ricardo Brown (Great Taste), Robert Jaworski (Ginebra), Ramon Fernandez (Tanduay), Manny Victorino (Great Taste), Freddie Hubalde (Tanduay)
- Mythical Second Team: Chito Loyzaga (Ginebra), Padim Israel (Tanduay), Terry Saldana (Ginebra), JB Yango (Tanduay), Dondon Ampalayo (Ginebra)
- All-Defensive Team: Chito Loyzaga (Ginebra), Philip Cezar (Shell), Yoyoy Villamin (Manila Beer), Ricky Relosa (Alaska), Padim Israel (Tanduay)
| 1986 PBA season |
| 1986 PBA Reinforced Conference |
1986 PBA All-Filipino Cup |
1986 PBA Open Conference |
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