NBA Champion: Minneapolis Lakers
NBA Finals: Minneapolis Lakers (W) 4 Syracuse Nationals (E) 3
Main players: George Mikan, Jim Pollard, Clyde Lovellette (Minneapolis Lakers), Dolph Schayes, Paul Seymour, Wally Osterkorn (Syracuse Nationals).
All-NBA first team: Bob Cousy (Boston Celtics), Harry Gallatin (New York Knicks), Dolph Schayes (Syracuse Nationals), George Mikan (Minneapolis Lakers), Neil Johnston (Philadelphia Warriors).
All-NBA second team: Bobby Wanzer (Rochester Royals), Carl Braun (New York Knicks), Paul Seymour (Syracuse Nationals), Jim Pollard (Minneapolis Lakers), Ed Macauley (Boston Celtics).
Rookie of the Year: Ray Felix (Baltimore Bullets).
* Player was selected but he could not play the game
All-Star Game MVP: Bob Cousy (Boston Celtics).