| 1986 PBA draft | |
| League: | Philippine Basketball Association |
| First: | Rey Cuenco (Alaska) |
| Prev: | 1985 |
| Next: | 1987 |
The 1986 Philippine Basketball Association (PBA) rookie draft was an event at which teams drafted players from the amateur ranks. [1]
| Pick | Player | Country of origin* | PBA team | College | |
|---|---|---|---|---|---|
| 1 | Rey Cuenco |  Philippines | Alaska Milkmen | Arellano | |
| 2 | Ricardo Cui | Philippines | Manila Beer Brewmasters | Lyceum | |
| 3 | Dondon Ampalayo | Philippines | Ginebra San Miguel | San Jose-Recoletos | |
| 4 | Aaron Torres | Philippines | Great Taste Coffee Makers | East |
| Pick | Player | Country of origin* | PBA team | College |
|---|---|---|---|---|
| Ludovico Valenciano | Philippines | Alaska Milkmen | Saint La Salle | |
| Adonis Tierra | Philippines | Manila Beer Brewmasters | FEATI | |
10 amateur players joined the PBA in the Third Conference when the Magnolia ballclub decided to return after a two-conference leave. Eight former members of the fabled Northern Cement basketball team led by Samboy Lim and Elmer Reyes, who were also part of the RP squad that captured the bronze medal in the Seoul Asian Games, made their debut as professional players.