NBA Champion: Syracuse Nationals
NBA Finals: Fort Wayne Pistons (W) 3 Syracuse Nationals (E) 4
Main players: Dolph Schayes, Red Kerr, Earl Lloyd (Syracuse Nationals), George Yardley, Larry Foust, Mel Hutchins (Fort Wayne Pistons).
All-NBA first team: Bob Cousy (Boston Celtics), Dolph Schayes (Syracuse Nationals), Larry Foust (Fort Wayne Pistons), Bob Pettit (Milwaukee Hawks), Neil Johnston (Philadelphia Warriors).
All-NBA second team: Slater Martin (Minneapolis Lakers), Bill Sharman (Boston Celtics), Paul Seymour (Syracuse Nationals), Vern Mikkelsen (Minneapolis Lakers), Harry Gallatin (New York Knicks).
Rookie of the Year: Bob Pettit (Milwaukee Hawks).
* Player was selected but he could not play the game
All-Star Game MVP: Bill Sharman (Boston Celtics).