00:00The Philippine Basketball Association has officially unveiled its logo for the league's 50th anniversary.
00:07The logo symbolizes the league's long journey from its inception in 1975,
00:12eventually becoming the first play-for-pay league in the region.
00:15League Chairman Ricky Vargas and Commissioner Willie Marcial led the logo presentation
00:21with the PBA board and legendary player Alan Kaide.
00:24Present during the formal launch were members of the Board of Governors,
00:28including Vice-Chairman of Francis Chua, Treasurer-Attorney Raymond Zorilla,
00:32Attorney Bill Pamintuan, Rene Pard, Ronald Dolatre,
00:37Attorney Mamerto Mondragon, Archon Cayabyab, Eric Arejola, Bobby Rosales, and Silliman Sy.
00:44According to Marcial, the grand celebration will last for nearly two years, starting this April 9.
00:50On October 5, the PBA will lay out activities for the opening of Season 15.
