A STRAIGHT-UP swap involving San Miguel Beer's Sol Mercado and Denok Miranda of Barako Bull was pulled out at the last minute after the PBA Commissioner's Office disapproved of a second transaction between the two teams.
The trade, which was first reported by Spin.ph on Monday, was already approved by Commissioner Chito Salud hours before the pro league's trade deadline set at 12 noon on Wednesday.
However, officials of both teams pulled out the transaction just 10 minutes before the trade deadline when Salud shot down the second part of the deal, which sources said involved Dorian Pena, among others.
Salud deemed the second deal 'unfair,' confirmed media bureau chief Willie Marcial.
As a result, the two teams, looking to beef up their respective rosters ahead of the Philippine Cup playoffs, have revised the make-up of the trade and submitted a second transaction for Salud's approval, just before the deadline.
Salud is studying the deal at posting time.
A Spin.ph source said Mercado is still part of the pending transaction but Miranda has been stricken out.
For a while, the deal looked done as both Miranda and Mercado were already informed to report to their new teams and were in fact preparing to do so when news of the pullout came.
Even the PBA's own website ran the story about the trade but pulled out the story after the teams' change of heart.