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The 1975–76 Kentucky Colonels season was the ninth and final season for what were to be the defending champions of the American Basketball Association (ABA). Before this season was about to begin for Kentucky, the Colonels noticed that two of the ABA's strongest teams outside of themselves, the Denver Nuggets and New York Nets, wanted to have the Colonels join them in their pursuit to leave the ABA instead and join the NBA early; despite the risks involved with staying put, team owner John Y. Brown Jr. decided to stay put with the ABA out of what was perceived to be as loyalty to the league, with the Nuggets and Nets' plans to leave the ABA early being foiled by the ruling of the judge that was preceding over their case claiming that even two ABA teams joining the NBA like they had intended to do would still technically count as a merger between leagues. Due to the team letting go of longtime star player Dan Issel for cost-saving measures before the season began, this season saw the defending champion Kentucky Colonels finish in fourth place in the ABA, which was good enough to see them be the last team with a winning record to make it to the 1976 ABA Playoffs, but not quite good enough to avoid a trip to the quarterfinals first. Luckily for them, the Colonels would defeat the Indiana Pacers 2 games to 1 in what ultimately became the final playoff match of two longtime rivals in the ABA during the first round of the 1976 ABA Playoffs. However, despite their best efforts possible, the Colonels would end up losing to the regular season champion Denver Nuggets 4 games to 3 in the ABA Semifinals in what officially became the Colonels' final games ever played in franchise history. Despite being considered one of the strongest teams in the ABA and being thought of as a shoo-in for entry into the National Basketball Association (NBA), especially since they were one of two teams alongside the Indiana Pacers to remain where they were at and stick with the team name they had throughout the ABA's entire existence alongside play in every ABA Playoff event by this point in time, the 1975–76 season would prove to be the Colonels' last as a team, as Kentucky joined the Spirits of St. Louis as one of the two ABA teams to survive the entire season to be left out of the 1976 ABA-NBA merger due to the NBA wanting only four of the ABA's strongest teams to join their league instead of five or even all six of the remaining teams left in the ABA by this time and the Chicago Bulls desperately wanting to add center Artis Gilmore onto their roster, among other viable reasons that the Bulls saw them keeping the Colonels out of the NBA.
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