NBA Champion: Minneapolis Lakers
NBA Finals: Minneapolis Lakers (W) 4 New York Knicks (E) 1
Main players: George Mikan, Jim Pollard, Vern Mikkelsen (Minneapolis Lakers), Nat Clifton, Harry Gallatin, Dick McGuire (New York Knicks).
All-NBA first team: Bob Cousy (Boston Celtics), Dolph Schayes (Syracuse Nationals), Ed Macauley (Boston Celtics), George Mikan (Minneapolis Lakers), Neil Johnston (Philadelphia Warriors).
All-NBA second team: Bill Sharman (Boston Celtics), Bobby Wanzer (Rochester Royals), Bob Davies (Rochester Royals), Andy Phillip (Philadelphia Warriors), Vern Mikkelsen (Minneapolis Lakers).
Rookie of the Year: Don Meineke (Fort Wayne Pistons).
* Player was selected but he could not play the game
All-Star Game MVP: George Mikan (Minneapolis Lakers).