2021 FilBasket Subic Championship
The FilBasket Subic Championship, also known as the FilBasket Subic Championship – Cocolife due to sponsorship reasons, was the inaugural tournament under FilBasket, now known as AsiaBasket. It was also the only tournament held in 2021. The tournament began on October 28, 2021, with the playoffs running from November 16 to 21, 2021. The entire tournament took place at the Subic Bay Gymnasium, located in the Subic Bay Freeport Zone.
The tournament was won by AICC Manila after defeating the San Juan Knights, two games to one, with Hesed Gabo winning Finals MVP honors.
Subic 2021 is also the only FilBasket / AsiaBasket tournament that is not under professional status, but that in itself has been disputed before and in the months after the tournament began by the Games and Amusements Board.
Teams
Eleven teams participated in the inaugural FilBasket tournament:| Name | Locality |
| 7A Primus | |
| AICC Manila | |
| Batangas City Athletics | Batangas City, Batangas |
| Burlington EOG Sports | |
| Davao Occidental Tigers | Davao Occidental |
| FSD Makati Army | Makati |
| Medical Depot | |
| Muntinlupa Defenders | Muntinlupa |
| Nueva Ecija Bespren | Nueva Ecija |
| Pasig Sta. Lucia Realtors | Pasig |
| San Juan Knights | San Juan |
Format
All participating teams played in a single round-robin format, where each team plays one game against all other teams, for a total of ten games.The top eight teams then advanced to a three-round, single-elimination playoff bracket. The Quarterfinals gives higher-seeded teams a twice-to-beat advantage, needing them only one win to advance. The Semifinals is a single game while the Finals is a best-of-three series.