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When the NBL and BAA agreed to merge, two NBL franchises disappeared - Oshkosh and Hammond. Hammond tried unsuccessfully to raise the financial backing to join the NBA. The Oshkosh franchise was awarded to Milwaukee, but the team only lasted a month before being revoked by the league. Hammond folded after the 1948-49 NBL season and had their players assigned to the Waterloo franchise as part of the NBL/BAA merger on 3Aug49
Formerly the New York Renaissance, or Rens, moved to Dayton, Ohio in the middle of the NBL season to replace the Detroit Vagabond Kings, who went out of existence on December 17, 1948.
The Vagabond Kings only played half a season in the NBL before dropping out and being replaced by the Dayton Rens. They continued playing barnstorming games well into the 1950s.
The Kankakee Gallagher Trojans began as one of the original NBL teams in 1937 but lasted only one season before disbanding. The Trojans are unique for being the only team to never have a player from another team play for them, and to never have any of their players ever play in any other professional basketball league. Even for the early days of basketball this is an oddity, as even leagues who lasted only a few weeks had players play on other teams and leagues.
Due to dismal performance, the Metropolitans disbanded at the end of the 1937-38 season.