The Steers were declared champion mid-season after the league folded on December 31, 1962
RetroSeasons
RetroSeasons recaps past sports seasons through stories, photos, videos, and stats from every team, league, and stadium in history. Coverage includes the NBA, NFL, MLB and NHL, as well as vintage media from defunct teams and leagues.
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American Basketball League III (ABL3)
1962-63 ABL3 Season Overview
Recap
The Hawaii Chiefs drew well, but other teams felt the air travel was prohibitive, resulting in scheduling that saw the Eastern teams playing all of their games in Hawaii within a 5-6 day period and vice versa. After that first season, the Chiefs relocated to Long Beach, California. The San Francisco Saints escaped head-to-head competition with the newly relocated San Francisco Warriors by heading to Oakland. Paul Cohen, who secretly owned the Pittsburgh team as well as officially owning the Tapers, moved the Tapers again from New York, where they had been an NABL powerhouse for years, to Philadelphia, where he hoped to fill the void of the move of the Warriors (with Wilt Chamberlain) from Philadelphia to San Francisco.
The radical changes, combined with uneven attendance (although some teams, such as the Kansas City Steers, drew well), and no fresh capital from new owners, caused Saperstein and Cohen to decide to throw in the towel with the close of 1962 on December 31. The league that pioneered the three-point shot and the wider foul line (both eventually adopted by the rest of the basketball world) was gone. After the ABL folded, Steinbrenner had $125,000 in debts and personal losses of $2 million.
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I sincerely appreciate the research work, and the information being shared. It is important and interesting history.