The 1988 Philippine Basketball Association (PBA) rookie draft was an event at which teams drafted players from the amateur ranks. The draft was held on February 29, 1988.

Round 1

PickPlayerCountry of origin*PBA teamCollege
1Jack TanuanPhilippinesPurefoods HotdogsFar Eastern
2Ronnie MagsanocPhilippinesShell HelixUP Diliman
3Anthony PobladorPhilippinesGinebra San MiguelDe La Salle
4Adriano PolisticoPhilippinesAlaska MilkLetran
5Eric AltamiranoPhilippinesGreat Taste Instant MilkUP Diliman

Round 2

PickPlayerCountry of origin*PBA teamCollege
1Joel SantosPhilippinesPurefoods HotdogsSan Beda
2Aurelio JalmascoPhilippinesShell HelixFEATI
3Reynaldo YnciertoPhilippinesAlaska MilkCebu Central
4Demetrio AntonioPhilippinesShell Helix

Undrafted players

Direct-hire rookies

The PBA's newest ballclub Purefoods Hotdogs signed Glenn Capacio from FEU, Jerry Codiñera from UE, Jojo Lastimosa from San Jose-Recoletos and Alvin Patrimonio from Mapua as direct rookie free agents.