Before the season began, the Aces celebrated their 25th anniversary as a PBA franchise on September 28, 2010. During the commemoration, they formally retired the jerseys of Bong Hawkins (#16) and Johnny Abarrientos (#14). Both players were instrumental for their grandslam finish in 1996. On draft day, they traded shooter Larry Fonacier to Talk 'N Text in exchange for the fourth overall pick which was used to pick former UE Warrior Elmer Espiritu. With Jeffrey Cariaso already retired, they traded their second pick in first round to Meralco for another former UE player Bonbon Custodio. They also drafted JRU's Marvin Hayes as #2 pick in the second round.