The 1971–72 Kentucky Colonels season was their fifth season in the American Basketball Association, which was a professional basketball league, from 1967 to 1976, during the 1972 ABA All-Star game which was played on January 29, 1972, annual awards,  that were first given in 1968,  the MVP of the game and the ABA Most Valuable Player were given to Dan Issel and Artis Gilmore, respectively.
The 1971–72 Kentucky Colonels season was their fifth season in the American Basketball Association, which was a professional basketball league, from 1967 to 1976, during the 1972 ABA All-Star game which was played on January 29, 1972, annual awards,  that were first given in 1968,  the MVP of the game and the ABA Most Valuable Player were given to Dan Issel and Artis Gilmore, respectively.