Notable occurrences

• The NBA contracts, losing six teams (Anderson Packers
  Anderson Packers
  The Anderson Packers also known as the Anderson Duffy Packers was a professional basketball team based in Anderson, Indiana, in the 1940s and 1950s....
  
  , Chicago Stags
  Chicago Stags
  The Chicago Stags were a National Basketball Association team based in Chicago, Illinois, U.S..- Franchise history :The Chicago Stags were founded in 1946 and folded in 1950. Despite their short history, they were able to acquire the draft rights to a young Bob Cousy in a trade with the Tri-Cities...
  
  , Denver Nuggets
  Denver Nuggets (original)
  This article is about the original Denver Nuggets NBL/NBA team from 1948-1950. For the current NBA team see Denver Nuggets.The Denver Nuggets were a professional basketball team based in Denver, Colorado, The United States of America...
  
  , St. Louis Bombers
  St. Louis Bombers (NBA)
  The St. Louis Bombers were a National Basketball Association team based in St. Louis, Missouri, founded in 1946. The team ceased operations in 1950.- Franchise history :...
  
  , Sheboygan Red Skins, and Waterloo Hawks
  Waterloo Hawks
  The Waterloo Hawks were a National Basketball League and National Basketball Association team based in Waterloo, Iowa. The Hawks remain the only sports franchise ever based in Iowa from any of the Big Four Leagues.- Franchise history :...
  
  ) and shrinks from 17 teams to 11 before the season starts. Midway through the season, the Washington Capitols
  Washington Capitols
  The Washington Capitols were a charter Basketball Association of America team based in Washington, D.C. The team was coached from 1946 to 1949 by NBA Hall of Famer Red Auerbach....
  
   fold, bringing the number of teams in the league down to ten.
• The first annual NBA All-Star Game, a showcase of the league's top players, was played in Boston, Massachusetts, with the East
  Eastern Conference (NBA)
  The Eastern Conference of the National Basketball Association is made up of fifteen teams, organized in three divisions of five teams each.The three division winners and the non-division winner with the best record are seeded 1 through 4 for the playoffs in order of their records, with all...
  
   beating the West
  Western Conference (NBA)
  Below is a list of current Western Conference NBA team rosters.-Western Conference:There are a total of 15 teams in the Western Conference. The current leading team of the Western conference are the Dallas Mavericks....
  
   111-94. Ed Macauley
  Ed Macauley
  Charles Edward "Ed" Macauley was a professional basketball player in the NBA. His playing nickname was "Easy Ed."...
  
   of the Boston Celtics
  Boston Celtics
  The Boston Celtics are a National Basketball Association team based in Boston, Massachusetts. They play in the Atlantic Division of the Eastern Conference. Founded in 1946, the team is currently owned by Boston Basketball Partners LLC. The Celtics play their home games at the TD Garden, which...
  
   receives the first NBA All-Star Game Most Valuable Player Award.

Statistics leaders

NBA awards

• All-NBA First Team
  All-NBA Team
  The All-NBA Team is an annual National Basketball Association honor bestowed on the best players in the league following every NBA season. The voting is conducted by a panel of sportswriters and broadcasters throughout the United States and Canada. The team has been selected in every season of the...
  
  :
  • Alex Groza
    Alex Groza
    Alex John Groza was an American professional basketball player from Martins Ferry, Ohio who was banned from the NBA for life in 1951 for point shaving...
    
    , Indianapolis Olympians
    Indianapolis Olympians
    The Indianapolis Olympians were a National Basketball Association team based in Indianapolis, Indiana, USA. They were founded in 1949 and folded in 1953. Their home arena was the Hinkle Fieldhouse.-Franchise history:...
    
    
  • Ralph Beard
    Ralph Beard
    Ralph Milton Beard Jr. was an American collegiate and professional basketball player. He was born in Hardinsburg, Kentucky. Beard was a member of Adolph Rupp's "Fabulous Five" University of Kentucky basketball team...
    
    , Indianapolis Olympians
  • Bob Davies, Rochester Royals
    Rochester Royals
    The franchise that would become the Sacramento Kings initially started in the city of Rochester, New York, as the Rochester Royals of the National Basketball League....
    
    
  • George Mikan
    George Mikan
    George Lawrence Mikan, Jr. , nicknamed Mr. Basketball, was an American professional basketball player for the Chicago American Gears of the National Basketball League and the Minneapolis Lakers of the NBL, the Basketball Association of America and the National Basketball Association...
    
    , Minneapolis Lakers
  • Ed Macauley
    Ed Macauley
    Charles Edward "Ed" Macauley was a professional basketball player in the NBA. His playing nickname was "Easy Ed."...
    
    , Boston Celtics
    Boston Celtics
    The Boston Celtics are a National Basketball Association team based in Boston, Massachusetts. They play in the Atlantic Division of the Eastern Conference. Founded in 1946, the team is currently owned by Boston Basketball Partners LLC. The Celtics play their home games at the TD Garden, which...
    
    

• All-NBA Second Team:
  • Frank Brian
    Frank Brian
    Frank Sands Brian is a former professional basketball player.A 6’1” guard from Louisiana State University, Brian signed with the Anderson Packers of the National Basketball League in 1947. In 1949 the NBL and BAA merged to form the NBA...
    
    , Tri-Cities Blackhawks
    Atlanta Hawks
    The Atlanta Hawks are an American professional basketball team based in Atlanta, Georgia. They are part of the Southeast Division of the Eastern Conference in the National Basketball Association .-The first years:...
    
    
  • Joe Fulks
    Joe Fulks
    Joseph Franklin "Jumping Joe" Fulks was an American professional basketball player, sometimes called "the first of the high-scoring forwards". He was one of the first players, albeit posthumously, enshrined in the Naismith Memorial Basketball Hall of Fame in 1978...
    
    , Philadelphia Warriors
    Golden State Warriors
    The Golden State Warriors are an American professional basketball team based in Oakland, California. They are part of the Pacific Division of the Western Conference in the National Basketball Association...
    
    
  • Dick McGuire
    Dick McGuire
    Richard Joseph "Dick" McGuire was an American professional basketball player and coach.One of the premier guards of the 1950s, McGuire spent eleven seasons in the NBA , eight with the New York Knicks and three with the Detroit Pistons...
    
    , New York Knicks
    New York Knicks
    The New York Knickerbockers, prominently known as the Knicks, are a professional basketball team based in New York City. They are part of the Atlantic Division of the Eastern Conference in the National Basketball Association...
    
    
  • Vern Mikkelsen
    Vern Mikkelsen
    Arild Verner Agerskov "Vern" Mikkelsen is an American former professional basketball player. He was one of the NBA's first power forwards in the 1950s and was known for his tenacious defense.-Early life:...
    
    , Minneapolis Lakers
  • Dolph Schayes
    Dolph Schayes
    Adolph "Dolph" Schayes is a retired American professional basketball player and coach in the NBA. A top scorer and rebounder, he was a member of the 1955 NBA champion Syracuse Nationals and a 12-time All-Star....
    
    , Syracuse Nationals
    Syracuse Nationals
    The Syracuse Nationals were an American professional basketball team that existed from 1946 to 1963 as part of the National Basketball League and National Basketball Association . They are currently known as the Philadelphia 76ers, and are the NBA's oldest continued franchise.The team began in...