The 1948–49 BAA season was the third and final season of the Basketball Association of America. (Later that year the BAA and National Basketball League merged to create the National Basketball Association or NBA.) The postseason tournament at its conclusion, the 1949 BAA Playoffs, ended with the Minneapolis Lakers winning the BAA Championship, beating the Washington Capitols 4 games to 2 in the BAA Finals.
The NBA recognizes the three BAA seasons as part of its own history, sometimes without comment, so BAA 1948–49 is sometimes considered the third NBA season.
Four National Basketball League teams (Fort Wayne, Indianapolis, Minneapolis and Rochester) joined the BAA for the 1948–49 season.
Note: Prior to the 1969–70 season, league leaders in points and assists were determined by totals rather than averages.
- All-BAA First Team:
- All-BAA Second Team