Petron (former Derby Ace/Purefoods) gives up its 2010 1st round Draft Pick in the upcoming PBA Rookie Draft to Air 21 Express in exchange for the 2012 1st Round Draft Pick. This means Petron will have no Draft Pick in the 2010 PBA Rookie Draft (unless they trade some players for a draft pick) since Air 21 also has their 1st round and 2nd round draft picks from the Marc Pingris trade.
Although there were no reason given by Petron management why they gave back the 2010 1st pick to Air 21, maybe because they are stockpiling draft picks for the future since their current players are not that young anymore and also in preparation for 2012 where some Smart Gilas players will enter the PBA draft.
The 2010 PBA Rookie Draft will be held on August 29 at Market! Market in The Fort.
According to reports, Coach Ryan Gregorio has accepted the Head Coach Position for the upcoming Meralco team in the PBA, he will also have an executive position in Meralco along with coaching the team.
Coach Ryan has been with Purefoods/Derby Ace since 2002 as interim coach and 2003-2010 as head coach winning 3 championships in 4 finals appearance including the historic 4-0 sweep in the last Philippine Cup. Gregorio is also a three-time PBA All-Star Coach (2005/2008/2010) and a two-time PBA Coach of the Year Awardee (2002/2006)
It was also reported that Assistant Coach Jorge Gallent will handle the new Petron Team (former Derby Ace/Purefoods) but this still needs confirmation.
We want to thank Coach Ryan and Good luck in his new position.
I have been a big fan of Purefoods since 1988, and this news is really sad for all the fans of the franchise. I have been holding this news since posting it would make it real but now it is time. Purefoods will say goodbye to the PBA, unless the new owners will buy another PBA franchise in the future (which is unlikely to happen), we will never see a Purefoods Team in the PBA.
With the new owners of Purefoods not interested in the PBA franchise, San Miguel keeps its third franchise but cannot use Purefoods anymore, they can retain the B-Meg Derby Ace Llamados but there are reports that they will use the Petron brand in the next conference.
I am still thinking of changing the name of this site as this has been known as purefoodsbasketball.com since 2008, even though the core of the team is still intact with the name change it maybe hard to support a different team name.