In late November, the Original Celtics left the MBL and signed to represent Atlantic City in the EBL and quickly reeled off five victories in six games. The Celtics did not draw large enough crowds to support their expensive guarantee, however, and within a few weeks pulled out of the league to continue barnstorming. The Atlantic City franchise staggered on a while longer, but along with Reading, dropped out at the end of the first half, reducing the league to just four teams. League suspended operation shortly thereafter on January 5, 1923, before the season was completed or a champion declared.
1st Half | |||||||||||||||||||
| TEAM | W | L | Pct | GB | |||||||||||||||
 | Trenton | 16 | 3 | .842 | - | ||||||||||||||
 | Camden | 16 | 4 | .800 | 0.5 | ||||||||||||||
 | Coatesville | 9 | 11 | .450 | 7.5 | ||||||||||||||
 | Atlantic City | 7 | 10 | .412 | 8.0 | ||||||||||||||
| | Philadelphia | 5 | 13 | .278 | 10.5 | ||||||||||||||
| | Reading | 3 | 15 | .167 | 12.5 | ||||||||||||||
2nd Half | |||||||||||||||||||
| | Trenton | 2 | 1 | .667 | - | ||||||||||||||
| | Camden | 2 | 1 | .667 | 0.0 | ||||||||||||||
| | Coatesville | 2 | 2 | .500 | 0.5 | ||||||||||||||
| | Philadelphia | 0 | 2 | .000 | 1.5 | ||||||||||||||