Prior to the start of the 2005–06 PBA season, the Aces built up their lineup by acquiring national team pool members, Tony dela Cruz and Rich Alvarez from the disbanding Shell Turbo Chargers. They also acquired the services of former Mobiline and Coca-Cola import Artemus "Tee" McClary for the Fiesta Conference. After the Aces placed second behind Team Pilipinas in the Brunei Sultan's Cup, with Dela Cruz playing for the said team, the team was considered as one of the top contenders to win the upcoming season. However, they went on a slide after a good start. After Alaska blowing a 28-point lead and losing to the Purefoods Chunkee Giants, the team went on a downhill since. With McClary's decline starting to show, he was eventually replaced by the 3-point shooting Odell Bradley who showed some impressive scoring outputs. However, Alaska still finished seventh in the classification phase with a 7–9 record. The Aces swept Sta. Lucia in a best-of-three matchup in the wildcard phase before being swept in a best-of-five affair by eventual champion Red Bull Barako.