One of 11 teams in the upstart ABA, the New Orleans Buccaneers were part of an early strategy for the new league, settling new territory to grab a loyal fan base that had never had a major professional team. Coached by the colorful Babe McCarthy the Buccaneers began the season with a 120-112 win over the Houston Mavericks at the Loyal Field House.

Early in the season the Bucs led by strong guard established themselves as one of the best teams in the ABA as they got off to a 20-6 start. The Buccaneers were the class of the Western Division, as Doug Moe, Red Robbins, Larry Brown and Jimmy Jones all played in the ABA All Star game, which was coached by Babe McCarthy, with Brown taking the game's MVP.

Larry Brown would also lead the league in assists, as the Buccaneers won the West with a record of 48-30. In the playoffs the Buccaneers would get off to a good start, winning the first two games against the Denver Rockets at home.

However, dropping the next two games on the road, the Bucs needed to defend their home court one more to advance to the next round. The Buccaneers would do just that beating the Rockets 102-97 in a hard fought fifth game.

In the Western Division Finals the Bucs would take on the Dallas Chaparrals. After splitting the first two games at home, the Bucs came up big on the road, winning the next two games in Dallas as they took the best of seven series in five games.

Advancing to the first ever ABA Championship Series, the New Orleans Buccaneers faced the Pittsburgh Pipers. After splitting the first two games in Pittsburgh the Buccaneers had a chance to take a stranglehold in the series, winning 109-101 in Game 3.

However, they would suffer a heartbreaking 106-105 overtime loss in Game 4. The Buccaneers would rebound with a big 111-108 win in Pittsburgh, that gave a chance to win the championship at Loyal Field House.

However, they would suffer a letdown, losing 118-112. In the decisive seventh game in Pittsburgh, the Buccaneers would suffer a 122-113 loss as the Pipers claimed the league's first championship.