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The 1952-53 Indianapolis Olympians season was the Olympians' 4th and final season in the NBA. Leo Barnhorst and Joe Graboski led the team in scoring; while Graborski dominated on the boards. Despite the Olympians struggling with their worst season as a franchise following the aftermath of the 1951 college basketball point-shaving scandal that led to two of their best players being banned for life by the NBA, the Olympians would still barely qualify for the 1953 NBA playoffs due to them being one game ahead of the Milwaukee Hawks for the last playoff spot in the Western Division. However, they would be quickly swept and eliminated by the eventual two-time defending NBA champion Minneapolis Lakers in the Western Division Semifinals due to Indianapolis' poor 28–43 record being far too reflective of the difference in talent between the Lakers and Olympians franchises by this point in time. Following the conclusion of the playoffs, the Olympians franchise would fold on April 23, 1953, despite their consistent successes as a team due to the financial burdens following the 1951 college basketball point-shaving scandal being far too much for the franchise to overcome in the end. As a result of their folding, the Olympians would be the last NBL-adjacent franchise out of the five currently surviving franchises that started out within the NBL to fold operations entirely within the NBA.
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