Outside of the Louisville Rebels, who relocated from Huntington, the league's teams all remained intact from the previous season.
The season saw the dominant Cincinnati Mohawks win their sixth-straight regular season title only to be upset in the Turner Cup semifinals by Louisville.
The playoff loss denied the Mohawks their sixth-straight Turner Cup championship.
Meanwhile, in the Turner Cup Finals, the Indianapolis Chiefs defeated the Louisville Rebels 4-games-to-3 in a tight series.
Louisville Rebels 3, Cincinnati Mohawks 1 Indianapolis Chiefs 3, Fort Wayne Komets 1 Indianapolis Chiefs 4, Louisville Rebels 3 Attendance Figures - Cincinnati Enquirer 03-17-1958 through 03-22-1958