Memphis Sounds

The Pros immediately ran into problems due to the timing of the move. The Mid-South Coliseum was nearly booked through the winter, and the Pros were only able to secure one Friday home game. They were forced to play the balance of their home schedule in several other arenas in Tennessee and Mississippi. Not surprisingly, ticket sales slowed to a trickle; by the start of the season they'd only sold 180 season tickets.

Bob Warren of the Los Angeles Stars joined the team, and Ron Franz and Dave Nash were traded to The Floridians for Wilbert Jones, Al Cueto, and Erv Staggs; later, Red Robbins was traded to the Utah Stars for Craig Raymond and Skeeter Swift was traded to the Pittsburgh Pipers for Charlie Williams. Jimmy Jones, Steve Jones, and Wendell Ladner played in the 1971 ABA All-Star Game; Ladner, a pick in the last ABA draft, also made the ABA All-Rookie team. An average of 3,199 fans attended Pros home games during the season. The Pros finished with 41 wins and 43 losses, which put them in third place in the Eastern Division. The Pros advanced to the playoffs but lost in the Eastern Division semifinals to the Indiana Pacers, four games to none.

The Pros almost did not survive that season. In December 1970, Blake simply walked away from the team, claiming to have lost $200,000. The league desperately tried to find a new owner, but there were no takers. Finally in February, a community group, Memphis Area Sports Inc., bought the team for $700,000. It was composed of 4,600 Tennessee residents who bought the team's stock at $5, $10, and $50 a share and elected a 24-person board to run the team. Memphis bond broker Albert S. Hart was installed as team president.

Memphis played their home games at the Mid-South Coliseum

The team signed Johnny Neumann, an underclassman All American from the University of Mississippi, and added Larry Cannon, but lost Steve Jones to the Dallas Chaparrals through free agency; Jimmy Jones also departed, ending up with the Utah Stars.

On October 6, 1971, the Pros hosted the NBA's Boston Celtics for a preseason exhibition game. The Celtics won, 115–94. This was the only time a Memphis team played an NBA team until the Vancouver Grizzlies moved to Memphis in 2001, thirty years later.

The Pros traded Larry Cannon to the Indiana Pacers in mid-season for Don Sidle, and executed another midseason trade which sent Wendell Ladner, Tom Owens, and Bobby Warren to the Carolina Cougars for Randy Denton, Warren Davis, and George Lehmann. The latter trade was initiated by Hart without consulting McCarthy.

The Pros had one player, Wil Jones, play in the 1972 ABA All-Star Game.

Despite (or perhaps because of) all the personnel moves, the team finished with only 26 wins against 58 losses, which put them in fifth (last) place in the Western Division, 34 games behind the Utah Stars, and kept them out of the playoffs.

Although they averaged 4,441 fans per home game, the team's financial problems cropped up again, and forcing the league to take control of the team for a second time.

On April 27, 1972, Babe McCarthy resigned as the Pros' coach.

McCarthy was succeeded by Bob Bass. The Tams landed George Thompson in a dispersal draft of Pittsburgh Condors players. Gerald Govan was traded to the Utah Stars for Merv Jackson. George Thompson played in the ABA All Star game but the Tams finished the season with only 24 wins compared to 60 losses. It was the worst record in the ABA and put them in fifth (last) place in the Eastern Division, 33 games behind the Carolina Cougars. The Tams did not make the playoffs, in part due to heavy roster turnover (they made 28 roster moves in the first two months of the season alone). Despite their poor play they averaged 3,476 fans per home game.

Finley had the team wear all possible combinations of green, white and gold tops and trunks. However, he had little to no involvement with franchise operations. Despite his earlier promises, he was already in negotiations with officials in St. Paul, Minnesota to move the team there. When word got out of this, Finley went from savior to pariah almost overnight. He didn't help his own cause by instituting several cost-cutting moves.

The Tams picked up draft picks Larry Kenon and Larry Finch. The Tams also used a draft pick to select underclassman David Thompson but Thompson stayed in college. Finley had asked the ABA to look into his claims that ABA president Bill Daniels had a conflict of interest due to asking Finley to pay him a finder's fee for helping Finley find potential buyers for his team. The ABA declined to investigate Finley's charges.

Finley tried to sell the team to a group of investors from Providence, Rhode Island but no sale was forthcoming. For much of the summer, the Tams' status was up in the air. Bass had resigned to take a position with the league, and the team offices had been closed since mid-June. It was not until late August that Finley sent word that the Tams would play. In the process, he'd held up almost all of the league's radio and TV contracts. Even then, the team had no coach and virtually no front office when training camp opened in September. Finally, two days before the team's first preseason game, Butch van Breda Kolff was hired as general manager and head coach.

The Tams signed Charlie Edge, traded Larry Kenon to the New York Nets for Jim Ard and John Baum and traded Johnny Neumann to the Utah Stars for Glen Combs, Ronnie Robinson, Mike Jackson and cash. George Thompson played in the ABA All Star game but the team had another poor season, finishing with 21 wins and 63 losses—the worst record in all of pro basketball.

With their poor play the team's home attendance dropped by about one third from the prior season as the Tams averaged 2,331 fans per home game. This was largely because Finley seemed to lose whatever interest he had in the Tams. He went weeks without communicating with van Breda Kolff about team business or roster moves. He also stopped putting out programs, replacing them with free typed mimeographed lineup sheets. Van Breda Kolff was visibly frustrated with the situation, telling Basketball News that the Tams would be a solid franchise if they had solid backing.