Greystock, a team that had finished below .500 for the past three seasons, was the surprise winner of the Eastern Basketball League. The Greys were never out of first place after they opened the season with six consecutive wins. The mid-season acquisition of Joe Fogarty from De Neri provided the team with the final ingredient for its championship season. He joined veteran scorer Mike Wilson, ex-New York State Basketball League star Lou Sugarman, and rookie center Jack Lawrence. With Andy Sears still in high gear, Reading finished second to the Greys, four games behind the leaders. Camden led the league in scoring by a wide margin (34 points a game versus a league average of 26 per game), but a porous defense limited them to a third-place finish. DeNeri, despite the presence of young stars Johnny Beckman and Swede Grimstead, finished fourth; the biggest disappointment of the season was the inability of Barney Sedran and Marty Freidman to raise the fortunes of the Jasper club beyond fifth place.