League ceased operations on November 13, 1947.

Northern Division

TEAMWLPctGB
1948 Chicago Gears LogoChicago 801.000-
1948 St. Paul Saints LogoSt. Paul 63.6672.5
1948 Grand Rapids Rangers LogoGrand Rapids 33.5004.0
1948 Louisville Colonels LogoLouisville 24.3335.0
1948 Omaha Tomahawks LogoOmaha 24.3335.0
1948 Kansas City Blues LogoKansas City 15.1676.0
1948 Waterloo Pro-Hawks LogoWaterloo 15.1676.0
1948 St. Joseph Outlaws LogoSt. Joseph 16.1436.5

Southern Division

1948 Atlanta Crackers LogoAtlanta 71.875-
1948 Tulsa Ranchers LogoTulsa 73.7001.0
1948 Birmingham Skyhawks LogoBirmingham 52.7141.5
1948 Houston Mavericks LogoHouston 201.0002.0
1948 Chattanooga Majors LogoChattanooga 33.5003.0
1948 Oklahoma City Drillers LogoOklahoma City 23.4003.5
1948 New Orleans Hurricanes LogoNew Orleans 35.3754.0
1948 Springfield Squires LogoSpringfield 17.1256.0