On June 20, 1974, the Spirits sold Mack Calvin to the Denver Nuggets, and that same month Billy Cunningham left the team to return to the NBA.
On September 27, 1974, the Spirits signed Don Chaney of the Boston Celtics to a three-year, $600,000 contract to begin with the 1975–76 season.
[1] Bob McKinnon became the Spirits' coach prior to the season, replacing Larry Brown who left for the Denver Nuggets along with Carl Scheer.
The Spirits had lagged in attendance all season but outdrew the Colonels' first two crowds in the series as 10,142 showed up for Game 3.
Game 4 saw Artis Gilmore lead all scorers with 33 as the Colonels beat the Spirits 117–98 before 11,688 fans on April 27.