The 1971–72 Indiana Pacers season was the fifth season of the franchise while out in the American Basketball Association. The Pacers would end their season with a worse record when compared to their previous season with an eleven-game decrease in wins. However, Indiana still finished the season with a second-place finish in the Western Division before winning their second ABA title in three years. In the division semifinals, the Pacers required all seven games played in order to eliminate the Denver Rockets, who finished their season with a 34–50 record. Then, in the Western Division Finals, the Utah Stars were eliminated in seven games, getting revenge on the Stars for the division finals loss they had to them last season. Finally, the New York Nets appeared in the ABA Finals championship series for the first time in franchise history, thought the Nets were defeated by the Pacers in six games in the only series the Pacers didn't take to seven games this season. This would lead to the Pacers winning their second championship in three years, as well as their third ABA Finals appearance in four years after missing out on playing in the 1971 ABA Finals.