[1] The Lakers finished in third-place in the NBA Western Division with a record of 25–50, 21 games behind the St. Louis Hawks.
In their final season in the Twin Cities, the Lakers made the playoffs and defeated the Detroit Pistons two games to none in the Western Division semifinals, before losing the West Finals to the Hawks, four games to three.
The Lakers roster had 5 1st overall picks, Elgin Baylor, Hot Rod Hundley, Chuck Share, Ray Felix, and Frank Selvy, the most among any NBA teams in a season.
On January 18, the team had a harrowing flight in a snowstorm, returning to Minneapolis from St. Louis.
The team's DC-3 had electrical problems and made an emergency landing in a cornfield near Carroll, Iowa.