In the offseason, Schultz played professional basketball. He was with the Anderson Packers of the NBL for three seasons. When the Packers moved to the NBA, Schultz served as their player-coach before being traded to the Fort Wayne Pistons midseason. Schultz later played two seasons with Minneapolis Lakers, winning a championship in 1952. Schultz averaged 9.7 points per game in the NBL, and 5.3 in the NBA Schultz was one of the few players who qualified for pensions from both major league baseball and the NBA.