| 1 |
Cole's American Giants (1932) |
| 2 |
Indianapolis ABCs (1932) |
| 3 |
Louisville Black Caps (1932)
Columbus Turfs (1932) |
| 4 |
Memphis Red Sox (1932) |
| 5 |
Monroe Monarchs (1932) |
| 6 |
Montgomery Grey Sox (1932) |
| 7 |
Nashville Elite Giants (1932) |
|
|
Champion
|
Runner-Up
|
|
1932
|
Cole's American Giants
|
|
NSL Pennants by Franchise
|
1
|
Cole's American Giants
|
1932
|
|