Alaska Aces to depart from Philippine Basketball Association after 14 titles in 35 years

Chot Reyes wants to build a foundation for 2023 World Cup team (1:37)

Coach Chot Reyes details his plans to build a good foundation for the 2023 World Cup team through the remainder of his contract. (1:37)

The Alaska Aces, the second most-successful team in Philippine Basketball Association (PBA) history with 14 championships to their names, have announced its departure from the competition after a storied 35-year run.

Wednesday's announcement provided confirmation that the Aces will cease to exist upon conclusion of their ongoing PBA Governors' Cup campaign, which only just resumed on Feb. 11 following a coronavirus-enforced hiatus which was implemented last month.

In an official statement released, the team stated that it was "with a heavy heart that Alaska Milk Corporation (AMC) announces the retirement of its Alaska Aces team from the Philippine Basketball Association".

"The Aces franchise will always be very special to me. I had the good fortune of starting this franchise at the age of 24 and (learnt) so much about team dynamics and building championship teams from the players and coaching staff," said AMC chairman Fred Uytengsu.

"We take great pride in our participation and success all these years and know we won with integrity. I also want to thank the PBA for our many years of partnership and wish the league continued success in the years to come.

The Aces, who are next in action in the Governors' Cup on Thursday when they take on the Rain or Shine Elasto Painters, enjoyed a period of sustained success in the 1990s with nine of their 14 PBA Championships coming during that era.

It was also in 1996 season that the Aces pulled off the rare achievement of a Grand Slam by winning three championships in a single season, a feat that has only been accomplished by four franchises.

The Aces' most-recent title came in 2013 and they last played finals in the 2018 Governors' Cup.