The 2012 Filoil Flying V Preseason Hanes Cup is the seventh preseason high school and collegiate basketball tournament organized by Filoil Flying V Sports. The opening ceremonies was held on April 14, 2012 with the first tripleheader of basketball games at the Filoil Flying V Arena in San Juan.[1] All eight teams from the University Athletic Association of the Philippines (UAAP) and ten from the National Collegiate Athletic Association (Philippines) (NCAA) participate in the tournament. Their junior counterparts also join the tournament, except for UE Junior Warriors.[2]