The PBL Third Conference called Invitational Cup opens on October 24, 1992. This marks the end of the Crispa ballclub in Philippine basketball as the team disbanded after two conferences of the 1991-92 season.
Two other teams; A&W and RC Cola, also disbanded their franchise. They were replaced by new teams considered as guest squads, Serg's Candies and JCT-Evertex.
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