The Pacers marked their best start in franchise history, 16–1.
The Pacers finished the regular season with a win-loss record of 56–26, their best since 2004.
In the playoffs, the Pacers defeated the Atlanta Hawks in seven games in the First Round in a rematch of last season's First Round in which Indiana won in six games, and the Washington Wizards in six games in the Semi-finals to advance to the conference finals for the second straight year, only again to be stopped by the two-time defending NBA champion Miami Heat in six games, making it the third straight year that the Pacers had their playoff run ended by the Heat.
Miami would go on to lose to a rejuvenated San Antonio Spurs team in a five-game NBA Finals series, ending their chances to three-peat.
* The Pacers traded the draft rights of Iverson to the Boston Celtics for cash.