| 1998 PBA Governors' Cup | |
|---|---|
| Duration | October 9 – December 9, 1998 |
| TV partner(s) | VTV (IBC) |
| Finals | |
| Champions | Formula Shell Zoom Masters |
| Runners-up | Mobiline Phone Pals |
| Awards | |
| Best Player | Jerry Codiñera (Purefoods TJ Hotdogs) |
| Best Import | Silas Mills (Mobiline Phone Pals) |
| Finals MVP | Benjie Paras (Formula Shell Zoom Masters) |
| PBA Governors' Cup chronology | |
| PBA conference chronology | |
The 1998 Philippine Basketball Association (PBA) Governors' Cup was the fourth conference of the 1998 PBA season. It started on October 9 and ended on December 9, 1998. The tournament is a two-import format, which requires each team to have two American reinforcements.
The following format will be observed for the duration of the conference:
| Pos | Team | W | L | PCT | GB | Qualification |
|---|---|---|---|---|---|---|
| 1 | Mobiline Phone Pals | 9 | 6 | .600 [a] | — | Semifinal round |
| 2 | Formula Shell Zoom Masters | 9 | 6 | .600 [a] | — | |
| 3 | San Miguel Beermen | 9 | 6 | .600 [a] | — | |
| 4 | Purefoods TJ Hotdogs | 9 | 6 | .600 [a] | — | |
| 5 | Pop Cola 800s | 8 | 7 | .533 | 1 | |
| 6 | Ginebra San Miguel | 7 | 8 | .467 | 2 | |
| 7 | Sta. Lucia Realtors | 6 | 9 | .400 | 3 | |
| 8 | Alaska Milkmen | 6 | 9 | .400 | 3 |
| Pos | Team | W | L | PCT | GB | Qualification |
|---|---|---|---|---|---|---|
| 1 | Mobiline Phone Pals | 12 | 9 | .571 [a] | — | Advance to the finals |
| 2 | Formula Shell Super Unleaded | 12 | 9 | .571 [a] | — | |
| 3 | San Miguel Beermen | 12 | 9 | .571 [a] | — | Proceed to third place playoffs |
| 4 | Purefoods TJ Hotdogs | 12 | 9 | .571 [a] | — |