The 2012 Philippine Basketball Association (PBA) Governors' Cup finals was the best-of-7 championship series of the 2012 PBA Governors' Cup, and the conclusion of the conference's playoffs. The Rain or Shine Elasto Painters and the B-Meg Llamados competed for the 106th championship contested by the league.

Rain or Shine won the series, four games to three, capturing their first championship in their franchise history. The Elasto Painters also prevented a possible series comeback from B-Meg after the Llamados won games 5 and 6 coming from a 1–3 deficit, in which last time to do so was during the 1991 First Conference finals when Ginebra San Miguel won against Shell Rimula X from a 1–3 deficit.

Rain or Shine Elasto Painters roster

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Players	Coaches
Pos. # POB Name Height Weight DOB (YYYY–MM–DD) From G 1 Uyloan, Jonathan 6 ft 0 in (1.83 m) 185 lb (84 kg) Golden West G/F 2 Cornley, Jamelle (I) 6 ft 5 in (1.96 m) 240 lb (109 kg) Penn State G 3 Lee, Paul  (R) 6 ft 0 in (1.83 m) 200 lb (91 kg) UE PF 5 Rodriguez, Larry 6 ft 4 in (1.93 m) 200 lb (91 kg) PMI SF 6 Ibañes, Jireh 6 ft 1 in (1.85 m) 182 lb (83 kg) UP Diliman G/F 10 Norwood, Gabe 6 ft 5 in (1.96 m) 210 lb (95 kg) George Mason PG 11 Tang, Tyrone 5 ft 7 in (1.70 m) 155 lb (70 kg) De La Salle G/F 16 Chan, Jeffrei 6 ft 3 in (1.91 m) 170 lb (77 kg) Far Eastern SG 18 Araña, Ryan 6 ft 1.25 in (1.86 m) 180 lb (82 kg) De La Salle F/C 20 Cruz, Jervy 6 ft 5 in (1.96 m) 220 lb (100 kg) UST G/F 21 Jaime, Chito 6 ft 4 in (1.93 m) 200 lb (91 kg) AMA G 23 Buenafe, Ronjay 6 ft 0.5 in (1.84 m) 200 lb (91 kg) Emilio Aguinaldo C 30 Belga, Beau 6 ft 6 in (1.98 m) 285 lb (129 kg) Philippine Christian SF 33 Matias, Ronnie 6 ft 4 in (1.93 m) 184 lb (83 kg) Manila F/C 48 Quiñahan, J.R. 6 ft 6 in (1.98 m) 275 lb (125 kg) Visayas	Head coach Yeng Guiao (UP Diliman) Assistant coach(es) Caloy Garcia (St. Benilde) Rhoel Nadurata Mike Buendia Jay Legacion Matthew Makalintal Legend (C) Team captain (CI) Commissioner's Cup Import (GI) Governors' Cup Import (EI) EASL Import (DP) Unsigned draft pick (FA) Free agent (IN) Inactive (S) Suspended (R) Rookie Injured

B-Meg Llamados roster

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Players	Coaches
Pos. # POB Name Height Weight DOB (YYYY–MM–DD) From PG 2 Urbiztondo, Joshua 6 ft 1 in (1.85 m) 185 lb (84 kg) Fresno Pacific G 3 Villanueva, Jonas 5 ft 11 in (1.80 m) 170 lb (77 kg) Far Eastern C 4 Reavis, Rafi 6 ft 8 in (2.03 m) 205 lb (93 kg) Coppin State G/F 6 Acuña, Val 6 ft 4 in (1.93 m) 179 lb (81 kg) UE SF 7 Intal, JC 6 ft 4 in (1.93 m) 195 lb (88 kg) Ateneo G 8 Simon, Peter June 6 ft 1 in (1.85 m) 180 lb (82 kg) Mindanao PG 14 Barroca, Mark (R) 5 ft 10 in (1.78 m) 170 lb (77 kg) Far Eastern F 15 Pingris, Marc 6 ft 6 in (1.98 m) 210 lb (95 kg) PSBA G/F 18 Yap, James (C) 6 ft 3 in (1.91 m) 205 lb (93 kg) UE PF 19 Gaco, Jerwin 6 ft 4 in (1.93 m) 180 lb (82 kg) De La Salle F 23 Blakely, Marqus (I) 6 ft 5 in (1.96 m) 220 lb (100 kg) Vermont F 25 Bono, Ken 6 ft 4 in (1.93 m) 220 lb (100 kg) Adamson F 38 Devance, Joe 6 ft 7 in (2.01 m) 215 lb (98 kg) UTEP PF 63 Burtscher, Mike 6 ft 6 in (1.98 m) 210 lb (95 kg) Clearwater Christian F/C 95 De Ocampo, Yancy 6 ft 9 in (2.06 m) 220 lb (100 kg) Saint Francis of Assisi	Head coach Tim Cone (George Washington) Assistant coach(es) Richard del Rosario (De La Salle) Koy Banal (Mapúa) Johnny Abarrientos (Far Eastern) Jeffrey Cariaso (Sonoma State) Dayong Mendoza Legend (C) Team captain (CI) Commissioner's Cup Import (GI) Governors' Cup Import (EI) EASL Import (DP) Unsigned draft pick (FA) Free agent (IN) Inactive (S) Suspended (R) Rookie Injured

• Additional Game 7 crew:
  • Trophy presentation: Aaron Atayde
  • Dugout celebration interviewer: Erika Padilla

• PBA official website