Alapag signs 2-year, P10M pact with Meralco

MANILA, Philippines – One-time PBA MVP awardee Jimmy Alapag is guaranteed of a basic pay of P10.08 million in the next two years under the terms of agreement in his PBA comeback with the Meralco Bolts.

Alapag, the 2003 Rookie of the Year awardee who became MVP winner eight years later, signed a maximum two-year pact with the Bolts before leaving for Estonia with the Gilas Pilipinas training pool.

The heady Fil-Am guard is making a PBA comeback after a retirement in the league’s last two conferences. During the last PBA All-Star Game, Talk n Text even held a formal retirement ceremony for the team’s longtime skipper.

But Alapag was forced to wear his playing shoes again with all the withdrawals in the Gilas team set to compete in the 2015 FIBA Asia Championship in Changsha, China.

No sooner, the MVP Group worked on a trade, sending Alapag to Meralco and Larry Rodriguez to Talk n Text while Blackwater absorbed Mike Cortez and James Sena.

Alapag, from Cal State San Bernardino, plays his 13th season in the next PBA wars beginning in October.