Similar to the previous edition, the tournament was held at the Lagao Gymnasium in General Santos and used the same eight-team format as before. The tournament coincided with the city's Kalilangan Festival.
Teams
A total of eight teams competed in the tournament. These include seven MPBL teams, as well as returning guest team GenSan Bulalakaw. Making their first Invitational appearances were the Bataan Risers, Pampanga Giant Lanterns, and Quezon City Toda Aksyon.[3]
^Competed as Batangas City Embassy Chill during the 2023 season. The name was later changed to Batangas City Tanduay Rum Masters for the 2024 season.
^The name was later changed to Manila Batang Sampaloc for the 2024 season.
^Competed as GenSan Warriors during the 2023 season. The new name would remain for the 2024 season.
^Competed as Valenzuela XUR Homes Realty Inc. during the 2023 season. The new name would remain for the 2024 season.
Format
The tournament was divided into two stages: the group stage and the playoffs. The eight participating teams were divided into two groups of four. Both groups play in a single round-robin format, wherein each team plays one game against all other teams within the same group. The top two teams in each group advance to a two-round, single-elimination playoffs consisting of all knockout games.[3]
Every team was given prize money based on their standings: ₱1.5 million for the champion, ₱500,000 for the runner-up, ₱300,000 for the third-place team, ₱200,000 for the fourth-place team, and ₱125,000 for all non-playoff teams.[4]
Unlike previous Invitational tournaments, no Most Valuable Player award was given out at the conclusion of the tournament. Pampanga's Encho Serrano was declared the Player of the Game in the Finals.
Media
This is the second MPBL Invitational under Cignal TV's ongoing broadcast partnership with the league. The games are broadcast on Media Pilipinas TV (MPTV) on television and are streamed live via Pilipinas Live. The league continues to stream all of the games online on Facebook and YouTube.