| Team: | Kentucky Colonels |
| League: | ABA |
| End Year: | 1968 |
| Wins: | 36 |
| Losses: | 42 |
| Division: | Eastern |
| Division Place: | 4th |
| Coach: | John Givens (5–12) Gene Rhodes (31–30) |
| Arena: | Louisville Convention Center |
| Playoffs: | Lost in the Eastern Division Semifinals |
| No Prevseason: | 1 |
The 1967–68 Kentucky Colonels season was the first season of the Colonels in the newly created American Basketball Association. The team was created on March 6, 1967, with Don Regan being awarded the team for $30,000. Later in the year, Joseph Gregory, Mamie Gregory and William C. Boone became owners.
The Colonels finished tied for fourth place in the ABA's Eastern Division with the New Jersey Americans, and a one-game playoff was to be played on March 23, the day after the Colonels had won the final game of the season over the Indiana Pacers 119–106. However, the conditions of the arena where the game was to be taken place were deemed to be in poor condition. The Colonels refused to play, and ABA Commissioner George Mikan ruled a forfeit in favor of the Colonels. In the Eastern Division Semifinals, they lost to the Minnesota Muskies 3 games to 2.
| Pittsburgh Pipers C | 54 | 24 | .692 | – | |
| 50 | 28 | .641 | 4 | ||
| 38 | 40 | .487 | 16 | ||
| 36 | 42 | .462 | 18 | ||
| 36 | 42 | .462 | 18 |
| 1967-68 ABA Records | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| width=100 | Team | ANA | DAL | DEN | HOU | IND | KEN | MIN | NJA | NOB | OAK | PIT |
| — | 2–8 | 3–7 | 6–3 | 2–4 | 0–6 | 1–5 | 2–4 | 2–7 | 6–4 | 1–5 | ||
| 8–2 | — | 4–5 | 8–2 | 3–3 | 5–1 | 2–4 | 3–3 | 4–6 | 7–2 | 2–4 | ||
| 7–3 | 5–4 | — | 6–3 | 4–2 | 2–4 | 2–4 | 5–1 | 5–5 | 7–3 | 2–4 | ||
| 3–6 | 2–8 | 3–6 | — | 3–3 | 3–3 | 3–3 | 3–3 | 0–10 | 7–3 | 2–4 | ||
| 4–2 | 3–3 | 2–4 | 3–3 | — | 6–5 | 3–8 | 6–4 | 3–3 | 4–2 | 4–6 | ||
| 6–0 | 1–5 | 4–2 | 3–3 | 5–6 | — | 5–5 | 4–7 | 2–4 | 3–3 | 3–7 | ||
| 5–1 | 4–2 | 4–2 | 3–3 | 8–3 | 5–5 | — | 7–3 | 5–1 | 5–1 | 4–7 | ||
| 4–2 | 3–3 | 1–5 | 3–3 | 4–6 | 7–4 | 3–7 | — | 3–3 | 5–1 | 3–8 | ||
| 7–2 | 6–4 | 5–5 | 10–0 | 3–3 | 4–2 | 1–5 | 3–3 | — | 6–3 | 3–3 | ||
| 4–6 | 2–7 | 3–7 | 3–7 | 2–4 | 3–3 | 1–5 | 1–5 | 3–6 | — | 0–6 | ||
| 5–1 | 4–2 | 4–2 | 4–2 | 6–4 | 7–3 | 7–4 | 8–3 | 3–3 | 6–0 | — | ||
Eastern Division Semifinals[1]
| Game | Date | Location | Score | Record | Attendance | |
| 1 | March 24 | Minnesota | 102–115 | 0–1 | 661 | |
| 2 | March 26 | Minnesota | 100–95 | 1–1 | 3,874 | |
| 3 | March 27 | Kentucky | 107–116 | 1–2 | 1,458 | |
| 4 | March 29 | Kentucky | 94–86 | 2–2 | 4,472 | |
| 5 | March 30 | Minnesota | 108–114 | 2–3 | 879 |
1968 ABA All-Star Game selections (game played on January 9, 1968)