The 1948–49 NBA season was the Bullets' 2nd season in the NBA/BAA.
Main article: 1948 NBA Draft
East Division Semifinals
(2) New York Knicks vs. (3) Baltimore Bullets: Knicks win series 2-1
- Game 1 @ New York: Baltimore 82, New York 81
- Game 2 @ Baltimore: New York 84, Baltimore 74
- Game 3 @ New York: New York 103, Baltimore 99 (OT)
Last Playoff Meeting: 1948 BAA Quarterfinals (Baltimore won 2-1)