League Champion: Syracuse Nationals
Rookie of the Year: Bob Pettit (20.4/13.8/3.2)
PPG Leader: Neil Johnston (22.7)
RPG Leader: Neil Johnston (15.1)
APG Leader: Bob Cousy (7.8)
WS Leader: Neil Johnston (15.4)
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(1) The Baltimore Bullets disbanded on November 27, 1954 with a 3-11 record. The official records for the 1954-55 season do not include the Bullets' games and team statistics, nor do they include the statistics of opposing players and teams in games played against the Bullets.
| Place | Division | All-Star | Margin | Month | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rk | Team | Overall | Home | Road | Neutral | E | W | Pre | Post | ≤3 | ≥10 | Oct | Nov | Dec | Jan | Feb | Mar |
| 1 | Fort Wayne Pistons | 43-29 | 21-6 | 9-14 | 13-9 | 15-21 | 28-8 | 26-13 | 17-16 | 12-3 | 21-11 | 2-0 | 8-4 | 11-4 | 10-9 | 10-7 | 2-5 |
| 2 | Syracuse Nationals | 43-29 | 25-7 | 10-17 | 8-5 | 21-15 | 22-14 | 21-17 | 22-12 | 14-9 | 14-12 | 0-1 | 9-3 | 8-9 | 8-8 | 12-5 | 6-3 |
| 3 | Minneapolis Lakers | 40-32 | 18-6 | 10-14 | 12-12 | 22-14 | 18-18 | 20-19 | 20-13 | 12-13 | 14-8 | 1-1 | 4-3 | 10-7 | 10-10 | 10-8 | 5-3 |
| 4 | New York Knicks | 38-34 | 17-9 | 8-17 | 13-8 | 15-21 | 23-13 | 19-19 | 19-15 | 12-12 | 10-9 | 1-0 | 5-6 | 8-8 | 9-9 | 9-8 | 6-3 |
| 5 | Boston Celtics | 36-36 | 21-5 | 4-22 | 11-9 | 19-17 | 17-19 | 21-16 | 15-20 | 7-6 | 14-15 | 0-2 | 5-5 | 9-7 | 11-7 | 7-9 | 4-6 |
| 6 | Philadelphia Warriors | 33-39 | 14-5 | 6-20 | 13-14 | 17-19 | 16-20 | 15-20 | 18-19 | 8-14 | 9-10 | 4-3 | 7-10 | 7-12 | 12-8 | 3-6 | |
| 7 | Rochester Royals | 29-43 | 17-11 | 4-19 | 8-13 | 15-21 | 14-22 | 15-21 | 14-22 | 13-16 | 7-12 | 1-0 | 3-7 | 6-8 | 11-9 | 5-15 | 3-4 |
| 8 | Milwaukee Hawks | 26-46 | 6-11 | 9-16 | 11-19 | 14-22 | 12-24 | 13-25 | 13-21 | 7-12 | 10-22 | 0-1 | 2-9 | 4-10 | 10-12 | 6-11 | 4-3 |
| 9 | Baltimore Bullets | 0-0 | |||||||||||||||
| Rk | Team | BOS | FTW | MLH | MNL | NYK | PHW | ROC | SYR |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Boston Celtics | 4-5 | 6-3 | 3-6 | 6-6 | 7-5 | 4-5 | 6-6 | |
| 2 | Fort Wayne Pistons | 5-4 | 11-1 | 9-3 | 2-7 | 6-3 | 8-4 | 2-7 | |
| 3 | Milwaukee Hawks | 3-6 | 1-11 | 5-7 | 3-6 | 4-5 | 6-6 | 4-5 | |
| 4 | Minneapolis Lakers | 6-3 | 3-9 | 7-5 | 4-5 | 6-3 | 8-4 | 6-3 | |
| 5 | New York Knicks | 6-6 | 7-2 | 6-3 | 5-4 | 5-7 | 5-4 | 4-8 | |
| 6 | Philadelphia Warriors | 5-7 | 3-6 | 5-4 | 3-6 | 7-5 | 5-4 | 5-7 | |
| 7 | Rochester Royals | 5-4 | 4-8 | 6-6 | 4-8 | 4-5 | 4-5 | 2-7 | |
| 8 | Syracuse Nationals | 6-6 | 7-2 | 5-4 | 3-6 | 8-4 | 7-5 | 7-2 |