Titan Ultra has pulled the plug on the initial framework of its transaction with TNT, opening the door for a new set of negotiations as the Tropang 5G continue to pursue Joshua Munzon.
The Giant Risers were initially prepared to send Munzon to TNT in exchange for the Tropang 5G’s Season 53 first-round pick and rookie big man Joe Celzo.
The deal had been nearing completion and was only waiting for approval from the PBA Commissioner’s Office before unforeseen circumstances forced a rethink.
Now, Titan Ultra is looking for more pieces from TNT. The change comes at a difficult time for the Giant Risers, who will be without Sajonia for the remainder of the 2026 PBA Governors’ Cup and the early portion of Season 51.
With the team needing to fill the void, Titan Ultra is reportedly exploring a stronger package before giving the green light on Munzon.
The uncertainty surrounding the trade also explained Munzon’s no playing time on Wednesday.
He did not suit up for Titan Ultra in its 143-113 blowout loss to San Miguel at the Ynares Center, an indication that the 15-point-per-game scorer is already at the center of a potential roster shake-up.
Munzon has been a major contributor for the Giant Risers this conference, averaging 15.0 points, 4.75 rebounds and 1.25 steals through eight games.
The proposed deal has already gone through at least one major revision. An earlier version that TNT ultimately rejected would have sent Rey Nambatac and Poy Erram to Titan Ultra in exchange for Munzon and Jeo Ambohot.
With that package off the table, both sides are expected to continue talking over the next several months.
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Titan Ultra Giant Risers have scrapped the proposed trade that would have sent Joshua Munzon to TNT Tropang 5G in exchange for reserve center Joe Celzo and a future first-round draft pick, team manager Barbie Arsolon told Fastbreak. pic.twitter.com/mbfblJLMyK
— Fastbreak (@fastbreaknewsph) August 13, 2026
TNT’s interest, however, has not changed. The Tropang 5G remain determined to acquire Munzon, whose combination of scoring and perimeter defense makes him an attractive addition to a TNT roster looking to strengthen its rotation.
The timing could also be significant for TNT as it battles for position in Group A. The Tropang 5G currently sit third at 4-4, tied with Converge, while Titan Ultra is at the bottom of the group with a 2-7 record.
For Titan Ultra, the situation presents an opportunity to maximize the return for one of its most valuable players.
The Giant Risers are reportedly willing to listen to offers for everyone on the roster except their first-round pick and three second-round selections in the upcoming PBA Season 51 Draft. That gives the franchise considerable flexibility as it weighs both immediate needs and its longer-term rebuilding plans.
Munzon’s value is also rooted in what he has already shown in the PBA. He broke out with NorthPort last season as one of the league’s emerging two-way talents, earning PBA Most Improved Player honors while also being selected to the All-Defensive Team.
That development has made him more than just another trade piece.
For TNT, he represents a proven young player who can contribute on both ends of the floor. For Titan Ultra, he is a valuable asset that could bring back the pieces needed to navigate a depleted roster.
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