In response to the relatively slow pace of games, the NBA introduced a 24-second shot clock. The shot clock revitalized the game and scoring skyrocketed league-wide.
The Baltimore Bullets ceased operations after playing 14 games, with a record of 3–11, and Baltimore's record was expunged. It would be the last time an NBA franchise folded. The NBA would return to Baltimore when the Chicago Zephyrs relocated there as the "new" Bullets for the 1963–64 season.
The NBA schedule had to be adjusted; each team now played 12 games against divisional opponents, and 9 games against the four teams in the other division, for a total of 72 games.