122-638: The Jun Bernardino Trophy is a trophy awarded to the Philippine Basketball Association (PBA) team that wins the PBA Philippine Cup finals . Previously known as the "Perpetual Trophy", it was created in 2006 and renamed in March 2007 in honor of former PBA commissioner Emilio "Jun" Bernardino, Jr. who served from 1994 to 2002. Currently, there are three versions of this trophy: the first version, created in 2006,
244-490: A " flagrant foul " call against one of their players in Game 4. Then PBA commissioner Sonny Barrios awarded the win to Barangay Ginebra, who led by seven points before the walkout occurred. Talk 'N Text were eliminated in the series-clinching Game 5. Barangay Ginebra advances to the semifinals before being swept by Alaska in four games. Purefoods then swept Alaska in their championship series . Talk 'N Text regained possession of
366-455: A company can enter the PBA via an expansion team . An aspiring team seeking to join the PBA had to be approved by majority of the existing teams. There is a lockout provision, which enables a team to veto the entry of a franchise team whose company is a direct competitor that of one of the existing team's business. Previously, a company is allowed only one team, with each team having one vote in
488-858: A fixed rate of 2:1. These were supplemented by banknotes of the Bank of the Philippine Islands in 1908, banknotes of the Philippine National Bank in 1916, and Treasury Certificates of the Philippine Treasury in 1918 backed by United States Government bonds. Only the latter remained legal tender after Philippine independence in 1946. The dimensions of all banknotes issued under the US-Philippine administration , 16 x 6.6 cm, has been used ever since on all Philippine banknotes (except pre-1958 centavo notes), and
610-413: A limited supply of dollars at ₱2 per dollar to purchase priority imports was exploited by parties with political connections. Higher black market exchange rates drove remittances and foreign investments away from official channels. By 1962 the task of maintaining the old ₱2 per dollar parity while defending available reserves has become untenable under the new Diosdado Macapagal administration, opening up
732-667: A major brawl, leading to the arrest and detention of several players from both clubs at Fort Bonifacio . The most heated rivalry in the PBA today is that of two teams representing the Ginebra franchise and the Purefoods franchise. The rivalry is now commonly known as the Manila Clasico . It traces its roots on the original Añejo–Purefoods rivalry of the late 1980s to early 1990s. Other short-lived or less intense rivalries include: As teams do not represent geographic locales,
854-465: A new decontrol era from 1962 to 1970 where foreign exchange restrictions were dismantled and a new free-market exchange rate of ₱3.90 per dollar was adopted since 1965. This move helped balance foreign exchange supply versus demand and greatly boosted foreign investment inflows and international reserves. However, a weak manufacturing base that can't capture market share in (mostly imported) consumer goods meant that devaluation only fueled inflation, and by
976-748: A new import laden tournament named as the Fiesta Conference . To accommodate these changes, a transitional tournament, the 2004 PBA Fiesta Conference was held from February to July, which was won by the Barangay Ginebra Kings . The league also began to hold the annual All-Star weekend in the provinces, alternating from Luzon and Visayas/Mindanao provinces every year. The league regained some popularity by this year, thanks in large part to Barangay Ginebra's three PBA championships led by Eric Menk , Jayjay Helterbrand and Mark Caguioa . Solid marketing and arrival of collegiate stars from
1098-694: A nuisance. Proposals to retire and demonetize all coins less than one peso in value have been rejected by the government and the BSP. In 1852, the Philippines first issued banknotes under El Banco Español Filipino de Isabel II (the present Bank of the Philippine Islands ) in denominations of 10, 25, 50 and 200 pesos fuertes (strong pesos). By 1903, the American colonial Insular Government issued Silver Certificates in denominations of 1, 2, 5, 10, 20, 50, 100 and 500 pesos, backed by silver coin or U.S. gold at
1220-591: A peso). The absence of officially minted cuartos in the 19th century was alleviated in part by counterfeit two-cuarto coins made by Igorot copper miners in the Cordilleras . A currency system derived from coins imported from Spain, China and neighboring countries was fraught with various difficulties. Money came in different coinages, and fractional currency in addition to the real and the cuarto also existed. Money has nearly always been scarce in Manila, and when it
1342-511: A proper gold standard . The Philippine peso and the Spanish duro (Spain's "peso" or five-peseta coin ) thus went on a fiduciary coin (or fiat coin) standard; while worth more than the Mexican peso due to its scarcity in circulation, both coins traded at a fluctuating discount versus the gold peso. While pre-1877 Mexican pesos were reminted into Philippine 10-, 20- and 50-céntimo coins until
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#17327987435571464-537: A pure nickel 5-piso coin which rarely circulated. In 1983, the Flora and Fauna Series was introduced. It consisted of aluminum 1, 5 and 10-sentimo, brass 25-sentimo, and cupro-nickel 50-sentimo, 1-piso and a new 2-piso coin . From 1991 to 1994 the sizes of coins from 25-sentimo to 2-piso were reduced under the Improved Flora and Fauna Series , and a new nickel-brass 5-piso coin was introduced. In 1995,
1586-445: A second elimination round for the top teams serving as the conference semifinals. The conference champions don't meet at the end of the season to determine an overall champion, instead, all of them are declared league champions. If a single team manages to win every conference in a single season, the team earns the rare distinction of being a Grand Slam champion. At the end of the conference, the league holds an awarding ceremony to honor
1708-748: A semi-bubble type setup at the Ynares Sports Arena in Pasig. After two weeks, the Quezon City government approved the league's proposal to play their games with a limited number of audience at the Smart Araneta Coliseum . The league postponed indefinitely the scheduled games for January 2022 due to the increasing number of COVID-19 cases brought by the Omicron variant . On February 16, 2022, Alaska Milk Corporation which owned
1830-483: A single foreign player known as an " import ". Meanwhile, the Philippine Cup is exclusive for Filipino players and is considered the most prestigious of the three conferences. Although the three conferences have minor variations in format and rules, each consists of a single round-robin elimination round followed by playoffs to determine the champion. The winners of the conference cups do not face each other at
1952-449: A trophy that will be named as the "Perpetual Trophy". The winners of the Philippine Cup will maintain possession of the trophy for a year, afterwards a smaller replica will be given. However, the team that will successfully defend the title for three consecutive times will permanently keep the trophy. Before the 2012-13 season, no team has ever won the championship three times in a row in a yearly succession. The Crispa Redmanizers have won
2074-535: Is a much busier pattern, and widely considered less attractive. In 1942, at the height of the resistance against the Japanese invasion in Corregidor island, US-Philippine forces managed to ship off to Australia most of the gold and significant assets held in reserve by Manila's banks, but they had to discard an estimated ₱ 15 million worth of silver pesos into the sea off Caballo Bay rather than surrender it to
2196-527: Is being kept permanently by the Talk 'N Text Tropang Texters after winning three straight Philippine Cups ( 2010–11 , 2011–12 , 2012–13 ). The second version, commissioned in 2013, is permanently kept by the San Miguel Beermen after winning three straight Philippine Cup championships from 2014–15 to 2016–17 . The third version, which was made before the start of the 2017–18 season is currently in
2318-405: Is made up of 24- karat gold plate, stands at 1 metre (3.3 ft) tall and worth ₱ 500,000 (as of 2006). The frame, in the shape of a basketball ring, is composed of eight panels with four designs, reflecting at opposite sides. The design consists of a basketball player dribbling, shooting, or dunking the ball. The ring supports an orb, reflecting a basketball's groove lines. A gold-plated sphere
2440-599: Is often divided into two parts; the first is the company or brand name, then the product or a moniker – usually connected to the business of the company. In some cases, the brand name and the moniker can be fused. For example, the San Miguel Beermen is a team owned by the San Miguel Brewery of the San Miguel Corporation , makers of the popular San Miguel Beer brand. The names of the teams often changes, often depending on what product or service
2562-415: Is placed at the center to illuminate the optical illusion of a basketball together with the orb. Engraved on the base of the first version of the trophy are the wordmarks of the 10 teams extant during the trophy's creation in 2006. The teams were Air21 , Alaska , Barangay Ginebra , Coca-Cola , Purefoods , Red Bull , San Miguel , Sta. Lucia , Talk 'N Text , and Welcoat . For the second version,
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#17327987435572684-537: Is the establishment of the Casa de Moneda de Manila in the Philippines in 1857, the mintage starting 1861 of gold 1, 2 and 4 peso coins according to Spanish standards (the 4-peso coin being 6.766 grams of 0.875 gold), and the mintage starting 1864 of fractional 50-, 20- and 10-céntimo silver coins also according to Spanish standards (with 100 céntimos containing 25.96 grams of 0.900 silver; later lowered to 0.835 silver in 1881). In 1897 Spain introduced 1-peso silver coins with
2806-431: Is the most widespread preferred term over sentimo in other Philippine languages, including Abaknon , Bikol , Cebuano , Cuyonon , Ilocano , and Waray , In Chavacano , centavos are referred to as céns (also spelled séns ). Tagalog language words for the different centavo-denominated coins were more common in the 20th century before the decrease in their use afterwards. The Spanish administration opened
2928-605: Is the official currency of the Philippines . It is subdivided into 100 sentimo , also called centavos . The peso has the symbol "₱", introduced during American rule in place of the original peso sign "$ " used throughout Spanish America . Alternative symbols used are "PHP", "PhP", "Php", or just "P". The monetary policy of the Philippines is conducted by the Bangko Sentral ng Pilipinas (BSP), established on January 3, 1949, as its central bank. It produces
3050-584: Is thought to be from Malay perak (silver), which also has a direct cognate or adaptation in Tagalog/Filipino as pilak . Alternately, it could be from 10 and 5 céntimo coins of the Spanish peseta , known as the perra gorda and perra chica . The Spanish dollar or silver peso worth eight reales was first introduced by the Magellan expedition of 1521 and brought in large quantities after
3172-543: The New Design coin series was introduced with the aim of replacing and demonetizing all previously issued coin series on January 3, 1998. It initially consisted of copper-plated steel 1, 5 and 10-sentimo, brass 25-sentimo, copper-nickel 1-piso and nickel-brass 5-piso. In 2000, the bimetallic 10-piso coin was added to the series. In 2003, the composition of the 25-sentimo and 1-piso was changed to brass-plated steel and nickel-plated steel, respectively. The current series,
3294-569: The New Generation Currency Series was introduced in 2017, consisting of nickel-plated steel 1, 5 ,25 sentimo and 1, 5 and 10-piso. In December 2019 the bimetallic plated-steel 20-piso coin was introduced, together with a modified nine-sided 5-piso coin issued in response to numerous complaints that the round steel 5-piso coin looked too much like the 1-piso and 10-piso. Denominations worth P0.25 (~$ 0.005) and below are still issued but have been increasingly regarded as
3416-530: The 2015–16 PBA season . Salud was then appointed as the President and CEO of the league, when the board of governors decided to restructure the league and create the President/CEO position to manage the league's marketing, expansion and business-related matters. The Commissioner (who will also be the league's Chief Operating Officer) will handle game-related matters. Salud, however, also stepped down as
3538-598: The Alaska Aces announced that the team would leave the PBA at the end of the 2021 Governors' Cup after 35 years in the league and winning 14 championships. Alaska played their last game on March 19, 2022, with a loss to the NLEX Road Warriors in the quarterfinals. A ceremony was held shortly after the game to mark the Alaska's departure from the PBA. The team was later sold to Converge ICT , to which it
3660-687: The Apertura and Clausura format in Latin American football. There may be fewer conferences in a season, such as the 2020 and 2021 seasons having one and two conferences, respectively, due to the COVID-19 pandemic . The three conferences are the Philippine Cup , Commissioner's Cup and Governors' Cup , with the Philippine Cup being considered the most prestigious of the three. The season begins with an opening ceremony consisting of
3782-491: The Asian Games , earning a silver medal. The PBA would later send three more all-pro squads to the event. The early 1990s saw Ginebra and Shell forming an intense rivalry that included Ginebra's walkout in 1990 finals against Shell and the team's dramatic comeback from a 3–1 deficit to beat Shell in the 1991 First Conference . Patrimonio, Allan Caidic , and a host of others became the league's main attraction. By 1993,
Jun Bernardino Trophy - Misplaced Pages Continue
3904-777: The Casa de Moneda de Manila (or Manila mint) in 1857 in order to supply coins for the Philippines, minting silver coins of 10 céntimos , 20 céntimos , and 50 céntimos ; and gold coins of 1 peso , 2 pesos and 4 pesos. The American government minted currency under the Philippine Coinage Act of 1903 in its mints in the United States , in base-metal denominations of half centavo , one centavo and five centavos ; and in silver denominations of 10 centavos , 20 centavos , 50 centavos and 1 peso . They eventually deemed it more economical and convenient to mint coins in
4026-658: The Filoil EcoOil Centre in San Juan. Occasionally, provincial games are hosted in selected venues throughout the country. Playoff games are usually held at venues in Metro Manila , most often at the Araneta Coliseum. However, recent incentives to promote the league throughout the country have resulted in out-of-town playoff games. The league has also played several times outside the Philippines,
4148-870: The GlobalPort Batang Pier , decreasing their teams to three. By 2010, Manuel V. Pangilinan has owned the Talk 'N Text Phone Pals team via the Pilipino Telephone Company . Pangilinan, who had controlling ownership in Meralco , bought the Sta. Lucia Realtors team, rechristening them as the Meralco Bolts . His NLEX Corporation then bought the Air21 Express team in 2014, becoming the NLEX Road Warriors . This has made Cojuangco and Pangilinan own three teams each out of
4270-606: The Philippine national team to play in FIBA tournaments, as such the season may be lengthened. There have been calls from within the league to revert back to the two-conference format used from 2004 to 2010 to shorten the season and have it in sync with the FIBA calendar again. The PBA uses its own rules for its games, independent from FIBA or the NBA . Most non-professional leagues in
4392-726: The Piloncitos , small bead-like gold bits considered by the local numismatists as the earliest coin of the ancient peoples of the Philippines, and gold barter rings. The original silver currency unit was the rupya or rupiah, brought over by trade with India and Indonesia. Two native Tagalog words for money which survive today in Filipino were salapi and possibly pera . Salapi is thought to be from isa (one) + rupya which would become lapia when adapted to Tagalog. Alternately, it could be from Arabic asrafi (a gold coin, see Persian ashrafi ) or sarf (money, money exchange). Pera
4514-662: The Pop Cola Panthers team, to Coca-Cola Bottlers Philippines , a subsidiary of SMC, rechristening them as the Coca-Cola Tigers , and giving SMC four teams. The PBA approved this arrangement, with SMC getting two votes in the Board of Governors instead of four. In 2006, SMC sold back its Coca-Cola unit to the Atlanta -based Coca-Cola Company , and sold the now renamed Powerade Tigers to Sultan 900, Inc., becoming
4636-493: The Purefoods Star Hotshots beginning the 2014–15 season , however failed to defend the crown, as they got eliminated in the first round of the quarterfinals of the Philippine Cup against the Meralco Bolts , who had a twice-to-beat advantage. The San Miguel Beermen , who topped the elimination round standings, won the Philippine Cup against the Alaska Aces in seven games . The two teams will meet again in
4758-707: The Second World War , no coins were minted from 1942 to 1943 due to the Japanese Occupation . Minting resumed in 1944–45 for the last time under the Commonwealth. Coins only resumed in 1958 after an issuance of centavo-denominated fractional banknotes from 1949 to 1957. In 1958, the new English coinage series entirely of base metal was introduced, consisting of bronze 1 centavo , brass 5 centavos and nickel-brass 10 centavos , 25 centavos and 50 centavos . The 20-centavo denomination
4880-400: The Spanish dollar coin, most commonly into eight wedges each worth one Spanish real . Locally produced crude copper or bronze coins called cuartos or barrillas (hence the Tagalog/Filipino words cuarta or kwarta , "money" and barya "coin" or "loose change") were also struck in the Philippines by order of the Spanish government, with 20 cuartos being equal to one real (hence, 160 cuartos to
5002-699: The Toyota Tamaraws , still considered one of the greatest rivalries in league history. Big names such as Robert Jaworski , Ramon Fernandez , Francis Arnaiz , Atoy Co , Bogs Adornado and Philip Cezar played for those squads before the two teams disbanded in 1983 and 1984 respectively. Following their disbandment, the league moved from the Araneta Coliseum to ULTRA in Pasig . There, the league continued to be popular, as several former Toyota and Crispa players suited up for different teams. During
Jun Bernardino Trophy - Misplaced Pages Continue
5124-569: The UAAP and the NCAA also worked in the PBA's favor. By 2005, the league would take on the role of Philippine national representation under Chot Reyes , when FIBA lifted the suspension of the country following the formation of the Samahang Basketbol ng Pilipinas despite a ninth-place finish in the 2007 FIBA Asia Championship . In 2009, however, the all-amateur Smart Gilas team became
5246-493: The 12 teams in the PBA by 2014. This closed system, while unlike the open European model of promotion and relegation , allows teams from other leagues to carryover some of players to the PBA, if they are given this concession, such as in 2006 when the Welcoat Dragons were allowed to carry over three players from their Philippine Basketball League team. The PBA also allows "guest teams", or teams not represented in
5368-473: The 1565 conquest of the Philippines by Miguel López de Legazpi . The local salapi continued under Spanish rule as a toston or half-peso coin. Additionally, Spanish gold onzas or eight- escudo coins were also introduced with identical weight to the Spanish dollar but valued at 16 silver pesos. The earliest silver coins brought in by the Manila galleons from Mexico and other Spanish American colonies were in
5490-549: The 1890s, these coins were continuously smuggled in connivance with Customs officials due to their higher fiat value in the Philippines. After 1898 the United States colonial administration repealed this "fictitious gold standard" in favor of the unlimited importation of Mexican pesos , and the Philippine peso became a silver standard currency with its value dropping to half a gold peso. Concurrent with these events
5612-603: The 19th century. In the 1850s the low price of gold in the international markets triggered the outflow of silver coins. In 1875 the adoption of the gold standard in Europe triggered a rise in the international price of gold and the replacement of gold coins with silver Mexican pesos. As the price of silver fell further, Mexican peso imports were forbidden from 1877, and only Mexican pesos dated 1877 or earlier were legally equivalent to Philippine-minted pesos and peso fuerte banknotes. However, Spain and its colonies failed to establish
5734-617: The All-Filipino Conference for four straight tournaments ( 1979 , 1980 , 1983 , and 1984 First AFC ), but not in consecutive years, since there were no All-Filipino tournament held for the 1981 and 1982 seasons . In March 2007, former league commissioner Jun Bernardino died from a heart attack. As a tribute, the league renamed the Perpetual Trophy as the Jun Bernardino Trophy. The trophy
5856-491: The BSP's reestablishment in 1993 involved a managed float system with no more fixed parity commitments versus the dollar. The CBP only committed to maintain orderly foreign exchange market conditions and to reduce short-term volatility . Difficulties continued throughout the 1970s and 1980s in managing inflation and keeping exchange rates stable, and was complicated further by the CBP lacking independence in government especially when
5978-464: The Board of Governors, to play in certain conferences. The most recent guest team is the now-defunct Bay Area Dragons , who took part in the 2022–23 PBA Commissioner's Cup . Since the 2010–11 season , three conferences are usually held. Unlike in most leagues where a " conference " refers to the grouping of teams based on historical or geographical context, PBA conferences are tournaments each consisting of an elimination round and playoffs, similar to
6100-616: The Board of Governors; with the acquisition of La Tondeña Distillers (now Ginebra San Miguel ) by the San Miguel Corporation (SMC) in 1987, this caused the SMC to have two "sister" teams: the San Miguel Beermen and the Ginebra San Miguel (now the Barangay Ginebra San Miguel ). At this point, Ginebra coach Robert Jaworski had autonomy on the decisions on his team, so the situation of SMC having sister teams
6222-410: The CBP, taking away the rights of the banks such as Bank of the Philippine Islands and the Philippine National Bank to issue currency. The Philippines faced various post-war problems due to the slow recovery of agricultural production, trade deficits due to the need to import needed goods, and high inflation due to the lack of goods. The CBP embarked on a fixed exchange system during the 1950s where
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#17327987435576344-536: The Coffee Mixers also made history when he became the first coach to win two Grand Slams. For the 2014–15 season , the league expanded to twelve teams, after accepting two new franchises: Kia Sorento and Blackwater Elite . The league held its opening ceremonies at the Philippine Arena and set an all-time Philippine basketball attendance record of 52,612. This record was eventually broken during
6466-418: The Game 7 of the 2022–23 Commissioner's Cup Finals , contested between the Barangay Ginebra San Miguel and guest team Bay Area Dragons , which was also held in the Philippine Arena with an attendance of 54,589. On February 15, 2015, in the middle of the 2014–15 PBA season , commissioner Chito Salud announced that he would step down as the league's commissioner and was succeeded by Chito Narvasa starting
6588-450: The Japanese. After the war these assets would be returned to Philippine banks, and most of the discarded pesos would be recovered but in badly corroded condition. The Japanese occupiers of the Philippines then introduced fiat notes for use in the country. Emergency circulating notes (also termed "guerrilla pesos") were also issued by banks and local governments, using crude inks and materials, which were redeemable in silver pesos after
6710-401: The MICAA's " franchise system " akin to North American sports, only that instead of geographic regions, teams represent companies. Several teams have disbanded and entered the league. Disbandment of a team usually occurs if its mother company regularly sustains financial losses, or for non-sporting reasons, causing it to sell the team to another company. Aside from buying an already-existing team,
6832-541: The Perpetual trophy were the Barangay Ginebra Kings , who won their best-of-seven championship series against the San Miguel Beermen in six games. After it was won by Barangay Ginebra in 2006–2007, they were unable to defend the title the next season after failing to advance through the wildcard phase of the tournament. The champions became the Sta. Lucia Realtors , in which they won their second championship in franchise history and their first All-Filipino championship against Purefoods . Sta. Lucia failed to advance to
6954-471: The Philippine peso on a fully floating exchange rate system. The market decides on the level in which the peso trades versus foreign currencies based on the BSP's ability to maintain a stable inflation rate on goods and services as well as sufficient international reserves to fund exports. Black market exchange rates as seen in the past are now nonexistent since official markets now reflect underlying supply and demand. The Philippine peso has since traded versus
7076-400: The Philippines became a U.S. Commonwealth in 1935, the coat of arms of the Philippine Commonwealth was adopted and replaced the arms of the U.S. Territories on the reverse of coins while the obverse remained unchanged. This seal is composed of a much smaller eagle with its wings pointed up, perched over a shield with peaked corners, above a scroll reading "Commonwealth of the Philippines". It
7198-459: The Philippines in FIBA tournaments, the league adopted a portion of the FIBA rules, including allowing zone defenses, so that the Philippine national team will not be disadvantaged in FIBA competitions. The PBA implemented a four-point shot, 27 feet from the basket, for its regular-season and playoff games, starting in its 49th season in 2024-25. Eligibility to participate in the PBA is generally limited to natural born Filipino citizens born in
7320-460: The Philippines primarily use FIBA rules, so called "amateur rules", although recent professional leagues, such as the MPBL and PSL , have used FIBA rules for its games. The Games and Amusements Board (GAB) has its rules for the size of the basketball court and equipment, which the PBA adapts. Game rules have previously been predominantly influenced by the NBA, such as the rules on illegal defenses . After PBA players have been allowed to represent
7442-414: The Philippines, hence the re-opening of the Manila Mint in 1920, which produced coins until the Commonwealth Era excluding 1 ⁄ 2 centavo and regular-issue 1-peso coins (commemorative 1-peso coins were minted in 1936). In 1937 the eagle-and-shield reverse design was changed into the coat-of-arms of the Commonwealth of the Philippines while retaining the legend "United States of America". During
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#17327987435577564-602: The Philippines. There are player quotas for natural born Filipinos born outside the Philippines, while naturalized Filipinos and foreigners can only play in certain conferences. Coaching is restricted to Filipinos, although longtime foreigner residents and holders of certain visas have been granted exemptions. Philippine peso The Philippine peso , also referred to by its Filipino name piso ( Philippine English : / ˈ p ɛ s ɔː / PEH -saw , / ˈ p iː -/ PEE - , plural pesos ; Filipino : piso [ˈpiso, pɪˈso] ; sign : ₱; code : PHP),
7686-611: The U.S. dollar in a range of ₱24–46 from 1993 to 1999, ₱40–56 from 2000 to 2009, and ₱40–54 from 2010 to 2019. The previous 1903–1934 definition of a peso as 12.9 grains of 0.9 gold (or 0.0241875 XAU) is now worth ₱2,266.03 based on gold prices as of November 2021. The smallest currency unit is called centavo in English (from Spanish centavo ). Following the adoption of the "Pilipino series" in 1967, it became officially known as sentimo in Filipino (from Spanish céntimo ). However, "centavo" and its local spellings, síntabo and sentabo , are still used as synonyms in Tagalog . It
7808-565: The base was engraved with the logos of the 10 teams that competed during the 2013–14 season. The teams were Air21 , Alaska , Barako Bull , Barangay Ginebra , GlobalPort , Meralco , Petron Blaze , Rain or Shine , San Mig Super Coffee and Talk 'N Text . The third version of the trophy features the logos of the 12 teams that competed as of the 2017–18 season. The teams were Alaska , Barangay Ginebra , Blackwater , GlobalPort , Kia , Magnolia , Meralco , NLEX , Phoenix , Rain or Shine , San Miguel and TNT . The first recipients of
7930-450: The best players of the conference. Once the season concludes, the league holds its rookie draft . Most draft applicants have played in the collegiate ranks (either in the Philippines or the United States ), the PBA D-League , or in other domestic and international leagues. The off-season usually lasts a couple of months before the next season begins. In some cases, there may be a mid-season break to give way for players who are members of
8052-443: The bust of King Alfonso XIII , as well as 5- and 10- céntimo de peseta coins for circulation in the Philippines as 1- and 2- céntimo de peso coins. The Spanish-Filipino peso remained in circulation and were legal tender in the islands until 1904, when the American authorities demonetized them in favor of the new US-Philippine peso. The first paper money circulated in the Philippines was the Philippine peso fuerte issued in 1851 by
8174-442: The central bank of objectives that are inconsistent with keeping inflation stable. The New Central Bank Act (Republic Act No 7653) of June 14, 1993 replaces the old CBP with a new Bangko Sentral ng Pilipinas mandated explicitly to maintain price stability, and enjoying fiscal and administrative autonomy to insulate it from government interference. This, along with the further liberalization of various foreign exchange regulations, puts
8296-414: The championship in the 2012–13 edition of the tournament after sweeping their finals series against Rain or Shine Elasto Painters . The team now keeps permanent possession of the trophy after winning the Philippine Cup for three consecutive seasons. A second version of the trophy was created in 2013 and it was first won by the San Mig Super Coffee Mixers in six games . The Coffee Mixers, renamed as
8418-419: The coach for the Philippines at the 1956 Melbourne Olympics , was appointed as the first commissioner and Coseteng was chosen as the first president of the league's Board of Governors. The first game of the league was held at the Araneta Coliseum on April 9, 1975, featuring Mariwasa-Noritake and Concepcion Carrier. The league's first 10 years was known for the intense rivalry of the Crispa Redmanizers and
8540-419: The coins bearing the face of Isabel II were nicknamed Isabelinas and that the perra coins were only introduced to the Philippines in 1897. Asserting its independence after the Philippine Declaration of Independence on June 12, 1898, the República Filipina (Philippine Republic) under General Emilio Aguinaldo issued its own coins and paper currency backed by the country's natural resources. The coins were
8662-423: The country's banknotes and coins at its Security Plant Complex, which is set to move to New Clark City in Capas, Tarlac . The Philippine peso is derived from the Spanish peso or pieces of eight brought over in large quantities from Spanish America by the Manila galleons of the period from the 16th century to the 19th. From the same Spanish peso or dollar is derived the various pesos of Spanish America,
8784-591: The country's first bank, the El Banco Español Filipino de Isabel II . Convertible to either silver pesos or gold onzas, its volume of 1,800,000 pesos was small relative to about 40,000,000 silver pesos in circulation at the end of the 19th century. A fanciful etymology for the term pera holds that it was inspired by the Carlist Wars where Queen Isabel II was supposedly called La Perra (The Bitch) by her detractors, and thus coins bearing
8906-401: The country's official representative in international competitions. The PBA's role in forming a national team was thus reduced to sending up reinforcements to beef up the national squad. After the appointment of Chito Salud , son of former commissioner Rudy Salud as the commissioner of the PBA, the league returned the three-conference format starting in the 2010–11 season . This also ushered
9028-493: The country. The Samahang Basketbol ng Pilipinas has since stated that they will help address these concerns. All franchises are owned by corporations since the league's inception in 1975, being the successor of the Manila Industrial and Commercial Athletic Association , an amateur league which also featured corporate teams. They are not based on geographic locale, so they do not play in a home arena. A team's name
9150-499: The creation of a gold-standard fund to maintain the parity of the coins so authorized to be issued and authorized the insular government to issue temporary certificates of indebtedness bearing interest at a rate not to exceed 4 percent per annum, payable not more than one year from date of issue, to an amount which should not at any one time exceed 10 million dollars or 20 million pesos. The US territorial administration also issued Culion leper colony coinage between 1913 and 1930. When
9272-500: The defunct Crispa Redmanizers are the only team to have achieved two Grand Slams. As of 2022–23, the PBA earned ₱200 million in net revenue and had an average television audience of 4 million per game. The PBA also has an official developmental league , the PBA D-League . The Philippine Basketball Association was founded when nine teams left the now-defunct Manila Industrial and Commercial Athletic Association (MICAA), which
9394-614: The dollars of the US and Hong Kong , as well as the Chinese yuan and the Japanese yen . Pre-colonial trade between tribes of what is now the Philippines and with traders from the neighboring islands was conducted through barter . The inconvenience of barter, however, later led to the use of some objects as a medium of exchange. Gold , which was plentiful in many parts of the islands, invariably found its way into these objects that included
9516-523: The emergency guerrilla notes were considered illegal and were no longer legal tender. Republic Act No. 265 created the Central Bank of the Philippines (now the Bangko Sentral ng Pilipinas) on January 3, 1949, in which was vested the power of administering the banking and credit system of the country. Under the act, all powers in the printing and mintage of Philippine currency was vested in
9638-421: The end of the 1980s, San Miguel Beer won numerous championships that included the 1989 Grand Slam, led by coach Norman Black and former national team stars Samboy Lim and Hector Calma . In 1989, FIBA voted to allow professionals to play in their sanctioned tournaments, hence the PBA's players are now able to represent the country internationally. In 1990, the league sent its first all-professional squad to
9760-548: The end of the season to determine the season champion; instead, each conference champion team are considered PBA champions. The achievement of a team winning all three conferences in a season is called the Grand Slam . The San Miguel Beermen are the most successful team with a total of 29 championships, including a Grand Slam in 1989. They have also won the most titles in each of the current conferences: 10 Philippine Cups, 5 Commissioner's Cups, and 5 Governors' Cups. Meanwhile,
9882-547: The end of the war. The puppet state under José P. Laurel outlawed possession of guerrilla currency and declared a monopoly on the issuance of money and anyone found to possess guerrilla notes could be arrested or even executed. Because of the fiat nature of the currency, the Philippine economy felt the effects of hyperinflation . Combined U.S. and Philippine Commonwealth military forces including recognized guerrilla units continued printing Philippine pesos, so that, from October 1944 to September 1945, all earlier issues except for
10004-417: The final round of the 2008–09 tournament, being eliminated by Alaska in their best of seven semifinal series. The trophy was eventually won by Talk 'N Text , beating Alaska in seven games. Talk 'N Text was set to defend the title in the 2009–10 Philippine Cup but their quarterfinal series against Barangay Ginebra marred with controversy when Talk 'N Text walked-out of the playing court after protesting
10126-459: The finals of the 2015–16 Philippine Cup . Alaska won the first three games to go up 3–0. Since then, the San Miguel Beermen won Games 4, 5, and 6 to force a Game 7 and became the first team in PBA history to force a seventh game, after being down 0–3. San Miguel won against Alaska in seven games to capture their 22nd PBA championship and their 6th Philippine Cup. Dubbed as "BEERacle", San Miguel became
10248-512: The first team in professional basketball history to win a series coming from a 0–3 deficit. Philippine Basketball Association The Philippine Basketball Association ( PBA ) is a men's professional basketball league in the Philippines composed of twelve company-branded franchised teams. Founded in 1975, it is the first professional basketball league in Asia and is the second-oldest continuously operating professional basketball league in
10370-543: The first to use the name centavo instead of céntimo for the subdivision of the peso. The island of Panay also issued revolutionary coinage. After Aguinaldo's capture by American forces in Palanan, Isabela on March 23, 1901, the revolutionary peso ceased to exist. After the United States took control of the Philippines, the United States Congress passed the Philippine Coinage Act of 1903, established
10492-414: The form of roughly-cut cobs or macuquinas . These coins usually bore a cross on one side and the Spanish royal coat-of-arms on the other. These crudely-made coins were subsequently replaced by machine-minted coins called Columnarios (pillar dollars) or "dos mundos (two worlds)" in 1732 containing 27.07 grams of 0.917 fine silver (revised to 0.903 fine in 1771). Fractional currency was supplied by cutting
10614-438: The image of Isabel II were supposedly called perras , which became pera . A less outlandish Spanish origin, if the term is indeed derived from Spanish, could be the Spanish coins of 10 and 5 céntimos de peseta (valued locally at 2 and 1 céntimos de peso ) which were nicknamed perra gorda and perra chica , where the "bitch" or female dog is a sarcastic reference to the Spanish lion. Arguments against either theory are that
10736-519: The latter incurs fiscal shortfalls. The worst episode occurred when a confidence crisis in the Ferdinand Marcos administration triggered a capital flight among investors between August 1983 to February 1986, nearly doubling the exchange rate from ₱11 to ₱20 per dollar and also doubling the prices of goods. Positive political and economic developments in the 1990s paved the way for further economic liberalization and an opportunity to unburden
10858-746: The league itself rents venues for games. The PBA usually plays a doubleheader three times a week at the arenas in Metro Manila , and a game on Saturdays at the provinces , popularly known as "out-of-town" games. The majority of games are at the Araneta Coliseum in Quezon City and the SM Mall of Asia Arena in Pasay . When both arenas are unavailable, the alternate venues are the Ynares Center in Antipolo, Rizal, PhilSports Arena in Pasig, and
10980-555: The league moved to the Cuneta Astrodome in Pasay and later saw the Alaska Milkmen win the 1996 grand slam and nine titles in the decade. From 1999 to 2000, the PBA endured controversy. Several expatriate cagers arrived on the scene (such as Asi Taulava , Danny Seigle and Eric Menk ). Their lineage was questionable and most of them were deported for falsifying documents. The arrival of dozens of these players
11102-458: The league's president and CEO on December 31, 2015, and was replaced by incumbent PBA chairman Robert Non. The board of governors later appointed Chito Narvasa as the President and CEO. The said position was eventually dissolved before the start of the 2016 Governors' Cup. Amid controversies during his term, Narvasa stepped down on December 31, 2017. The board appointed Media Bureau chief Willie Marcial as his replacement on January 25, 2018. Upon
11224-545: The majority in Dubai where there is a large Filipino community . Likewise the PBA had plans to construct its own indoor arena as early as 2007. The most recent plan is in 2024, with the league looking to build a venue in Metro Manila. When the PBA was created, it was from the nine clubs representing different companies that seceded from the Manila Industrial and Commercial Athletic Association (MICAA). The PBA adopted
11346-563: The mid to late 1980s, Jaworski and Ginebra San Miguel became the league's most popular squad for their "never say die" attitude. The team had intense rivalries with the Tanduay Rhum Masters , which was led by Jaworski's ex-Toyota teammate-turned-rival Fernandez, and later the expansion Purefoods Corporation and younger players Alvin Patrimonio , Jerry Codiñera , Jojo Lastimosa and Fernandez (who moved from Tanduay). By
11468-486: The national team without consulting them first. On January 23, 1975, Mariwasa-Noritake Porcelainmakers' team owner, Emerson Coseteng, together with Carrier Weathermakers, Toyota Comets , Seven-Up Uncolas and Presto Ice Cream announced the formation of the PBA. The Crispa Redmanizers , Royal Tru-Orange , Tanduay Distillery , and the U/Tex Weavers later joined the upcoming professional league. Leopoldo Prieto ,
11590-406: The onset of the COVID-19 pandemic in March 2020, the league was forced to postpone their games for the 2020 season just three days after holding their opening ceremonies. It is not until October that the league was able to resume the Philippine Cup at Angeles, Pampanga in a bubble setup . This was the first time that the league held only one tournament in a season. The opening of the 2021 season
11712-636: The owners like to advertise. A name change could be drastic, to the point of switching industries entirely, such as in the case of the Pepsi Mega Bottlers which changed their names to the Mobiline Cellulars (now TNT Tropang Giga ). In 2008, a survey by the Social Weather Stations showed that Purefoods shares the honor of the league's most popular team along with Barangay Ginebra . It appeared that Ginebra
11834-466: The peso's convertibility was maintained at ₱2 per U.S. dollar by various measures to control and conserve the country's international reserves. This system, combined with other "Filipino First" efforts to curtail importations, helped reshape the country's import patterns and improve the balance of payments. Such restrictions, however, gave rise to a black market where dollars routinely traded for above ₱3 per dollar. The CBP's allocation system which rations
11956-470: The possession of the Meralco Bolts after winning their first Philippine Cup championship in 2024 . From its inception in 1975, the All-Filipino Conference (also known as the All-Filipino Cup from 1993 to 2003) has been considered the most prestigious tournament in a PBA season. The winners of the tournament were previously presented with trophies with varying designs depending on what season it
12078-487: The presentation of the team's roster and their respective muses followed by the Leo Awards , the league's awarding ceremony, all before the start of the first game of the season. The Philippine and Commissioner's Cups begin with a single round-robin elimination round, where every team plays against each other once with the top eight teams advancing to the playoffs while the rest are eliminated. The Governors' Cup splits
12200-596: The return of the previously retired conferences, the Commissioner's and Governors' cups. The beginning of the 2010s also saw the dominance of the Talk 'N Text Tropang Texters , who nearly got the Grand Slam in the 2010–11 season and won the Philippine Cup in three consecutive years ( 2010–11 , 2011–12 , 2012–13 ) enabling them to permanently keep possession of the Jun Bernardino Trophy ,
12322-462: The season in October instead of January. The change in starting the season allowed the league to accommodate international tournaments held from June to September and it fit better with college hoops, the NCAA and the UAAP , whose seasons run from June to October. The league also reduced the number of conferences from three to two, renaming the All-Filipino Cup as the Philippine Cup and introducing
12444-426: The teams into a two groups that will play in a double round-robin with the top four from each group advancing to the playoffs. The format of the playoffs depends on the conference being held and has varied over the years. The Finals, regardless of conference, is a best-of-seven series to determine the conference champion. Previous conferences featured a group stage where teams play against their group opponents twice or
12566-534: The time the decontrol era ended in 1970 another devaluation to ₱6.43 per dollar was needed. In 1967, coinage adopted Filipino language terminology instead of English, banknotes following suit in 1969. Consecutively, the currency terminologies as appearing on coinage and banknotes changed from the English centavo and peso to the Filipino sentimo and piso . However, centavo is more commonly used by Filipinos in everyday speech. The CBP's final era from 1970 until
12688-525: The top three teams that have the most supporters have also been considered the most talent-laden teams. They also fall under the San Miguel Corporation umbrella. The most famous matchup was the Crispa-Toyota rivalry of the 1970s. Fans faithfully supported their favorite squads and appeared in the multitudes at the Araneta Coliseum , or wherever the archrivals had met. In those days, the players were very passionate. On one occasion, they engaged in
12810-475: The trophy after winning their finals series against San Miguel in the 2010–11 Philippine Cup after six games. The following year , Talk 'N Text retained the championship after beating the Powerade Tigers in five games . Talk 'N Text became the first team in 27 years to successfully defend the All-Filipino Cup after it was done by Great Taste in 1985 . The Tropang Texters successfully defended
12932-547: The trophy given to the Philippine Cup champions. On May 19, 2013, the third game of the PBA Commissioner's Cup Finals between the Alaska Aces and the Barangay Ginebra San Miguel set the all-time basketball attendance record of 23,436 at the Smart Araneta Coliseum , which broke the previous record of 23,108 set 11 days earlier that featured the semifinals series doubleheader between Alaska vs. San Mig Coffee and Barangay Ginebra vs. Talk 'N Text . This record
13054-459: The unit of currency to be a theoretical gold peso (not coined) consisting of 12.9 grains of gold 0.900 fine (0.0241875 XAU). This unit was equivalent to exactly half the value of a U.S. dollar. Its peg to gold was maintained until the gold content of the U.S. dollar was reduced in 1934. Its peg of ₱ 2 to the U.S. dollar was maintained until independence in 1946. The act provided for the coinage and issuance of Philippine silver pesos substantially of
13176-464: The weight and fineness as the Mexican peso, which should be of the value of 50 cents gold and redeemable in gold at the insular treasury, and which was intended to be the sole circulating medium among the people. The act also provided for the coinage of subsidiary and minor coins and for the issuance of silver certificates in denominations of not less than 2 nor more than 10 pesos (maximum denomination increased to 500 pesos from 1905). It also provided for
13298-543: The world after North America's NBA . The league played its first game at the Araneta Coliseum in Quezon City on April 9, 1975, and its regulations are a hybrid of rules from the NBA and FIBA. As of the 2022–23 season , the PBA season consists of three tournaments known as " conferences ": the Philippine Cup , the Commissioner's Cup , and the Governors' Cup . The Commissioner's and Governors' Cups allow each team to sign
13420-560: Was a counter to the fledgling Metropolitan Basketball Association , a regional-based professional league formed in 1998. After ABS-CBN 's 2001 abandonment, the MBA faced mounting expenses and would fold within a year. Despite the MBA's disbandment and the arrival of those players to the PBA, attendance went sour for the PBA in 2002 and was even worse the following year. In 2004, the league introduced drastic scheduling changes, when it decided to begin
13542-401: Was abundant it was shipped to the provinces or exported abroad to pay for exports. An 1857 decree requiring the keeping of accounts in pesos and céntimos (worth 1 ⁄ 100 of a peso) was of little help to the situation given the existence of copper cuartos worth 1 ⁄ 160 of a peso. The Spanish gold onza (or 8- escudo coin) was of identical weight to the Spanish dollar but
13664-589: Was discontinued. In 1967, the Pilipino-language coin series was introduced with the peso and centavo renamed into piso and sentimo . It consisted of aluminum 1-sentimo, brass 5-sentimo, and nickel-brass 10, 25 and 50 sentimo. The 1-piso coin was reintroduced in 1972. In 1975, the Ang Bagong Lipunan Series was introduced. It consisted of aluminum 1-sentimo, brass 5-sentimo, cupro-nickel 10-sentimo, 25-sentimo and 1-piso, and
13786-480: Was eventually broken on February 12, 2014, when the seventh game of the 2013–14 PBA Philippine Cup Semifinals series between Barangay Ginebra San Miguel and San Mig Super Coffee Mixers set the all-time basketball attendance record of 24,883. The 2013–14 season became historic as the San Mig Super Coffee Mixers became the fourth team to win the Grand Slam . Tim Cone , the coach of
13908-420: Was named Converge FiberXers . The league's modern history is noted for its declining attendance, despite still pulling high television viewership. Journalists, team owners, and coaches have noted the dominance of SMC/RSA and MVP teams as a potential reason, with some calling for parity in the league. The low attendance has also been compared to the high figures of collegiate and professional volleyball in
14030-438: Was named after President Fidel V. Ramos (FVR). The design consists of a cup surrounded by the flags used during the 1898 Philippine Revolution . Starting in 2003, the trophy design for the tournament varied. In 2004, the All-Filipino Cup was renamed as the Philippine Cup after the league revamped its tournament calendar starting the 2004-05 season . In 2006, the league commissioned Filipino artist Ramon Orlina to design
14152-420: Was officially valued at 16 silver pesos, thus putting the peso on a bimetallic standard, worth either the silver Mexican peso (27.07 g 0.903 fine, or 0.786 troy ounce XAG) or 1 ⁄ 16 the gold onza (1.6915 g 0.875 fine, or 0.0476 troy ounce XAU), with a gold–silver ratio of 16. Its divergence with the value of gold in international trade featured prominently in the continued monetary crises of
14274-822: Was planned to open in January 2021 but was also delayed to July 2021 due to the rising cases of COVID-19 caused by the virus' Delta variant . The games were initially played at the Ynares Sports Arena in Pasig in a semi-bubble type setup but due to another case surge in Metro Manila in August, the games were moved to the Don Honorio Ventura State University in Bacolor, Pampanga . The 2021 Governors' Cup started in December in
14396-614: Was the most popular team among men, while Purefoods was the most popular among women. Also, Ginebra was more popular in Metro Manila and Luzon and in classes ABC, while Purefoods was more popular in Visayas and Mindanao and in class D. The two teams were tied for most supporters in class E. In terms of percentage of supporters, the survey showed that, after Ginebra and Purefoods (which both got 31%), are San Miguel Beermen (21%), Alaska (13%), Sta. Lucia (5%), Red Bull (4%), Talk N' Text (3%), Coca-Cola (1%), and Air 21 (1%). Notably,
14518-826: Was tightly controlled by the Basketball Association of the Philippines (BAP), the FIBA-recognized national association at the time. With the BAP controlling the MICAA, the league was de jure amateur, as players were only paid allowances. This is much like what was done in other countries to circumvent the amateur requirement and to play in FIBA -sanctioned tournaments such as the Olympics. MICAA team owners were not pleased with how BAP (then led by Gonzalo "Lito" Puyat ) were taking away their players to join
14640-654: Was tolerated. In 1998 , Jaworski ran and won for a Senate seat; this caused him to delegate coaching duties to his longtime deputy Rino Salazar. By this time, Danding Cojuangco has seized control of SMC, and he added Allan Caidic to Ginebra from San Miguel. Jaworski disapproved of this, and resigned. In 2001 the Ayala Corporation sold its Purefoods-Hormel unit , which included the Purefoods TJ Hotdogs team, to SMC. Later that year, RFM Corporation sold its Cosmos Bottling Corporation, including
14762-636: Was used as the design of the runner-up trophy in 2013). A replica of the 1994 All-Filipino Cup trophy, together with the prototype Commissioner's Cup and the Governors' Cup trophies are on display at the PBA head office in Libis, Quezon City. In 1998, an additional trophy, named as the FVR Centennial Cup trophy was awarded to the champions of the year's All Filipino Cup to commemorate the Philippine's celebration of its Centennial Independence . It
14884-456: Was won. In 1994, the league standardized the design of all of its championship trophies, including the All-Filipino Cup. The trophy design features the Cup supported in a base where the PBA logo, the name and year of the tournament, and the name of the winning team are engraved. The trophies were designed by Angel Zamora and Sons. This trophy design was used until 2002 (a modified version of this trophy
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