Short answers, pulled from the story.
The Indianapolis Olympians began play in 1949 as a founding member of the National Basketball Association. They were originally scheduled to compete in the National Basketball League before that league merged with the Basketball Association of America.
University of Kentucky alumni Alex Groza and Ralph Beard led the early roster of the Indianapolis Olympians. Both men served as key contributors for the gold medal-winning 1948 US Olympic basketball team alongside Wallace Jones and Cliff Barker.
Commissioner Maurice Podoloff suspended Alex Groza and Ralph Beard from the NBA for life after they admitted to point shaving during their college careers. This scandal erupted following the conclusion of the 1951 season when the players confessed to fixing games.
The Indianapolis Olympians defeated the Rochester Royals with a score of 75, 73 on the 6th of January 1951. That contest required six overtime periods to determine a winner and remains the longest game in league history.
The Indianapolis Olympians folded on the 23rd of April 1953, ending four seasons of competition in the NBA. The franchise compiled an overall record of 132 wins against 137 losses across its entire existence.