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Although not celebrated at the time, this season was historic, with Wataru Misaka of the New York Knicks becoming the first person of color to play in modern professional basketball.
The NBA recognizes the three BAA seasons as part of its own history so the 1947–48 BAA season is considered the second NBA season.
Cleveland, Detroit, Pittsburgh and Toronto folded before the season started, leaving the BAA with only seven teams. (All cities except Pittsburgh would get new NBA teams in future years.) The Baltimore Bullets were brought into the league from the American Basketball League to provide a more convenient number, eight.
There were no byes. Western and Eastern champions St. Louis and Philadelphia immediately played a long semifinal series with St. Louis having home-court advantage. Philadelphia won the seventh game in St. Louis, 85–46, two days before Baltimore concluded its sequence of tie-breaker (not shown) and two short series with other runners-up.
^ The 1948 BAA Playoffs did not generate Eastern and Western champions and runners-up, as NBA Playoffs have done from 1951 to present. Eastern and Western leaders, or perhaps champions, Philadelphia and St. Louis played off to determine one finalist while four runners-up played off to determine the other finalist.
The listed teams were BAA playoff finalists and semifinalists, as Eastern and Western champions and runners-up in the NBA have been playoff finalists and semifinalists from 1951 to present.
Philadelphia may reasonably be called Eastern champion.