The 2016 Philippine Basketball Association (PBA) Governors' Cup, also known as the 2016 Oppo-PBA Governors' Cup for sponsorship reasons, was the third and last conference of the 2015–16 PBA season. Due to the preparations of the Philippines men's national basketball team for the 2016 FIBA World Olympic Qualifying Tournament, which was held in Manila, the tournament started on July 15 and ended on October 19, 2016. The tournament allowed teams to hire foreign players or imports with a height limit of 6 ft 5 in (1.96 m) for the top eight teams of combined results of the Philippine Cup and Commissioner's Cup, while the bottom four teams are allowed to hire imports with a height limit of 6 ft 9 in (2.06 m). The teams are allowed to hire an additional Asian import with a height limit of 6 ft 3 in (1.91 m).

The tournament format for this conference is as follows:

The following is the list of imports, which had played for their respective teams at least once, with the returning imports in italics. Highlighted in gold are the imports who stayed with their respective teams for the whole conference. Players with an asterisk indicates the Asian imports.