Alaska tapped former NBA player Bill Walker, who suited up for the Boston Celtics and the New York Knicks as their reinforcement in the Governor's Cup. After splitting their first two games, Luigi Trillo stepped down as head coach of Alaska. Trillo, who was awarded as the PBA Coach of the Year in 2013, resigned because of "family reasons". With Trillo throwing the towel, team owner Wilfred Uytengsu appointed lead assistant Alex Compton as the team's new tactician. Alaska suffered its worst defeat in history, a 51-point deficit at the hands of the Rain or Shine Elasto Painters. Rumors sparkled that the team is being put on sale to newcomer NLEX Corp, who wanted to buy an existing franchise instead of starting from scratch. Team manager Dickie Bachmann shut down the rumors stating the team is "here to stay." Uytengsu also denied the rumors and stated that he is not selling the second winningest franchise in the PBA. He called the reports as "silly and laughable". The following week, Alaska extended the contracts of main core players Cyrus Baguio, Sonny Thoss and JVee Casio for another three years. The Aces finished the conference with a 5–4 record making them the third seed and earning a twice-to-beat advantage in the playoffs. They eliminated crowd favorite Barangay Ginebra San Miguel in the quarterfinals, 92–81. The Aces entered the semifinals and faced the Rain or Shine Elasto Painters. Despite leading the series two games to one, the Aces lost the series in five grueling games and finished third place in the tournament.