| W | L | T | PTS | |
| Winston-Salem Thunderbirds | 38 | 16 | 6 | 82 |
| Erie Panthers | 38 | 16 | 6 | 82 |
| Virginia Lancers | 36 | 18 | 6 | 78 |
| Greensboro Monarchs | 29 | 27 | 4 | 62 |
| Hampton Roads Admirals | 29 | 29 | 2 | 60 |
| Nashville Knights | 26 | 30 | 4 | 56 |
| Johnstown Chiefs | 23 | 31 | 6 | 52 |
| Knoxville Cherokees | 21 | 33 | 6 | 48 |
Playoffs:
Quarterfinals
Winston-Salem defeated Nashville 3 games to 1
Erie defeated Hampton Roads 3 games to 2
Greensboro defeated Virginia 3 games to 1
Semifinals
Greensboro defeated Erie 2 games to 0
Winston-Salem bye into finals
Finals
Greensboro defeated Winston-Salem 4 games to 1