The 2001–02 season of the Philippine Basketball League (PBL).
ICTSI-La Salle and Shark Power Boosters battled in a sudden death playoff for an outright semifinals berth along with Welcoat Paints. Ana Freezer and Montaña collide for the last quarterfinals slot.
Shark Energy Drink and Welcoat Paints battled for the fourth straight time in the finals series, the Energy Drink Kings retained the Challenge Cup title with a 4-1 series victory, winning Game five in overtime, 64-58. After the finals, Welcoat co-team owner Raymund Yu confirmed that the Paintmasters will take a leave of absences for two conferences before resuming its PBL campaign.