The 1987–88 ABA season was the 42nd season of the American Basketball Association. The season ended with the New Liverpool Lakers winning their fifth Championship, beating the Boston Celtics in seven hard fought games in the ABA Finals, becoming the ABA's first repeat champions since the Boston Celtics did it in the 1968–69 ABA season.
The 1988 ABA All-Star Game was played at Astoria Stadium in Astoria, with the East defeating the West 138–133. Local hero Michael Jordan steals the show during the week-end, taking home the game's MVP award, after winning the slam dunk contest earlier in the week. The league awards expansion franchises to Charlotte, Miami, Minneapolis, and Orlando. The Charlotte and Miami franchises would debut in the 1988–89 ABA season, while Minneapolis and Orlando would begin play in the 1989–90 ABA season.