The 1998 Philippine Basketball Association (PBA) rookie draft was an event at which teams drafted players from the amateur ranks. The annual rookie draft was held on December 22, 1997, at the Glorietta Mall in Makati.
Round 1 Pick Player Country of origin* PBA team College 1 Danilo Ildefonso Formula Shell Zoom Masters National 2 Noy Castillo San Miguel Beermen Citadel3 Ali Peek Pop Cola 800s Saint Mary's4 Brixter Encarnacion Pop Cola 800s San Sebastian5 William Antonio San Miguel Beermen Chaminade6 Banjo Calpito Sta. Lucia Realtors San Sebastian7 Henry Fernandez Purefoods Carne Norte Beefies Visayas8 Steven Smith Gordon's Gin Boars US International
Round 2 Pick Player Country of origin* PBA team College9 Jasper Ocampo Pop Cola 800s San Sebastian10 Joel Dualan Formula Shell Zoom Masters University of Manila11 Braulio Lim Mobiline Phone Pals UE 12 Stephen Antonio Alaska Milkmen Arizona State13 Oscar Simon San Miguel Beermen University of Manila15 Ulysses Tanique Purefoods Carne Norte Beefies San Sebastian16 Erwin Framo Gordon's Gin Boars University of Manila
Round 3 Pick Player Country of origin* PBA team College Randy Alcantara Formula Shell Zoom Masters Mapua Tech Terrence Bito Pop Cola 800s Cal State-Northridge Tyrone Bautista Mobiline Phone Pals De La Salle Patrick Benedicto Alaska Milkmen Mapua Tech Juan Augustus Ramirez Purefoods Carne Norte Beefies UST
Round 4 Pick Player Country of origin* PBA team College Jesse Cabanayan Pop Cola 800s University of Baguio Melchor Crisostomo Formula Shell Zoom Masters University of Manila Cristino Reynoso Jr. Alaska Milkmen
Notes The Formula Shell Zoom Masters traded first overall pick Danilo Ildefonso to the San Miguel Beermen in exchange for second overall pick Noy Castillo on draft day. Ginebra San Miguel traded the draft rights to Steven Smith to the San Miguel Beermen in exchange for Paul Alvarez. The San Miguel Beermen's fifth overall draft pick William Antonio and the Alaska Milkmen's twelfth overall draft pick Stephen Antonio are brothers.
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