1968–69 Oakland Oaks season

The 1968–69 Oakland Oaks season was the second and final season of the Oaks existing under that name in the ABA. The Oaks finished the season first in the Western Division and won their first and only ABA title in the process. They were helped in part by the hiring of Alex Hannum and Rick Barry for $85,000 per year alongside drafting rookie Warren Jabali in the 1968 ABA draft.

In the ABA Western Division Semifinals, they defeated the Denver Rockets in a tough seven game series on their end. In the ABA Western Division Finals, they swept the previous Western Division Champions, the New Orleans Buccaneers, in four games. Finally, they would beat the Eastern Division Champions, the Indiana Pacers, in five games to secure the championship that season.

Despite their success for the season, however, the team still operated at a loss. Despite being owned by singer Pat Boone alongside S. Kenneth Davidson and Dennis A. Murphy, the team lost money due to the proximity of the San Francisco Warriors. Not only that, but a blank check after winning the ABA Championship that season had the team risk being foreclosed upon via bankruptcy before new ownership stepped in by the eleventh hour to help save the franchise. As such, despite winning the title, the team moved to Washington, D.C. to become the Washington Caps. That team's existence would only last for one season before they moved the Caps to the nearby state of Virginia to become a regional franchise known as the Virginia Squires for the rest of their tenure going forward from there.