San Miguel is one of three PBA ball clubs owned by the SMC group of companies, along with the Purefoods Star Hotshots and Barangay Ginebra San Miguel. It is the remaining original franchise in the PBA (the team first played as Royal Tru-Orange in 1975). The Beermen made some changes with their coaching staff during the off-season. Leo Austria was brought back to the SMC organization and appointed as the new head coach of the team. Biboy Ravanes returned to his old role as assistant coach but Todd Purves was demoted and given minimal role as consultant. They also nabbed Ronald Pascual with their #3 pick on draft day and signed rookie free agent David Semerad and veteran Nelbert Omolon. In the middle of Philippine Cup eliminations, they traded Paolo Hubalde to Barako Bull in exchange for playmaker Jeric Fortuna. With this trade, Fortuna reunited with Austria, with whom he played for during their ABL days

In the middle of Philippine Cup eliminations, they traded Paolo Hubalde to Barako Bull in exchange for playmaker Jeric Fortuna. With this trade, Fortuna reunited with Austria, with whom he played for during their ABL days. They finished first in the 2014-15 PBA Philippine Cup eliminations with 9-2 win-loss record and earned an outright semis berth. On December 10, 2014, before the semifinals, Commissioner Salud approved the trade that sent back Sol Mercado to GlobalPort in a straight-swap with Alex Cabagnot. Cabagnot provided them more outside firepower and veteran leadership - something that Mercado sorely lacked. With Cabagnot back in San Miguel, the Beermen swept the Tropang Texters in their semi-final matchup. San Miguel clinched the 2014-15 PBA Philippine Cup championship by beating Alaska in seven games, for their 20th PBA crown. Arwind Santos was named Finals MVP.