Played home games at the Dairy Cattle Congress Hippodrome in Waterloo, Iowa – Seating capacity – 8,000
| WATERLOO HAWKS | NBL | 30-32 | CHARLIE SHIPP | ||||||||||
| REGULAR SEASON | |||||||||||||
| PLAYER | POS | AGE | HGT | WGT | COLLEGE | GA | FGM | FTM | FTA | PCT. | PTS | AVG | |
| Ben Schadler | F | 24 | 6:02 | 185 | Northwestern’47 | fr Detroit | 40 | 92 | 38 | 61 | .623 | 222 | 5.6 |
| Dick Mehen | F-C | 26 | 6:06 | 195 | Tennessee’47 | 62 | 315 | 211 | 304 | .694 | 841 | 13.6 | |
| Harry Boykoff | C | 26 | 6:10 | 235 | St.John’s(NY)’47 | 61 | 293 | 191 | 265 | .721 | 777 | 12.7 | |
| Rollie Seltz | G | 24 | 5:10 | 170 | Hamline’46 | 62 | 188 | 127 | 174 | .730 | 503 | 8.1 | |
| Leo Kubiak | G | 22 | 5:11 | 170 | Bowling Green’48 | 62 | 177 | 108 | 142 | .761 | 462 | 7.5 | |
| Charlie Shipp | G-F | 35 | 6:01 | 205 | None | 56 | 104 | 59 | 90 | .656 | 267 | 4.8 | |
| Dale Hamilton | G-F | 29 | 6:00 | 195 | Franklin(In) | 62 | 78 | 94 | 179 | .525 | 250 | 4.0 | |
| Bill Brown | F | 26 | 6:03 | 205 | Maryland’48 | fr Oshkosh | 43 | 41 | 31 | 48 | .646 | 113 | 2.6 |
| Elmer Gainer | C-F | 29 | 6:06 | 200 | DePaul’41 | 36 | 33 | 30 | 39 | .769 | 96 | 2.7 | |
| Les Deaton | C-F | 25 | 6:04 | 210 | Simpson(Ia)’47 | fr Sheboygan | 26 | 18 | 19 | 33 | .576 | 55 | 2.1 |
| Bobby Lowther | F-C | 25 | 6:05 | 190 | LSU’48 | to Tri Cities | 9 | 11 | 5 | 7 | .714 | 27 | 3.0 |
| Ray Ellefson | C | 26 | 6:08 | 230 | Oklahoma A&M’48 | fr MinneapolisBAA | 7 | 4 | 8 | 11 | .727 | 16 | 2.3 |
| Jack Spencer | F | 25 | 6:03 | 160 | Iowa’48 | 11 | 6 | 4 | 4 | 1.000 | 16 | 1.5 | |
| Gordon Flick | F | 27 | 6:03 | 200 | Drake’48 | 2 | 2 | 0 | 0 | .000 | 4 | 2.0 | |
| Dave Wareham | G | 24 | 6:01 | 185 | Loras’48 | 4 | 1 | 1 | 3 | .333 | 3 | 0.8 | |