After the 1951 season, Groza and Beard were suspended from the NBA for life by commissioner Maurice Podoloff when the players admitted point shaving during their college careers. The Olympians finished with a 28-43 record in 1953, and folded after that season. The Olympians compiled a 132-137 record in four seasons in the NBA.
The Olympians still hold the distinction of being the winning team in the longest game in NBA history — they were the 75-73 victors in a six-overtime game against the Rochester Royals in a game played on January 6, 1951.
|- |1949-50 ||39||25||0.609||3-3||Lost Western Division Finals |- |1950-51 ||31||37||0.456||1-2||Lost Western Division Semifinals |- |1951-52 ||34||32||0.515||0-2||Lost Western Division Semifinals |- |1952-53 ||28||43||0.394||0-2||Lost Western Division Semifinals |- |}