Cole's Indianapolis American Giants (first half champions) and Pittsburgh Crawfords (second half champions), tied in a one-game play-off. Pittsburgh owner/League commissioner awarded the Pennant to Pittsburgh, over the objection of Indianapolis.
The 1933 Nashvillle Elite Giants, managed by Felton Stratton, missed the postseason after finishing the NNL regular season in 4th place with a 19-22-1 record.