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The 1969–70 Washington Caps season was the first and only one for the franchise in the American Basketball Association after spending their first two seasons in Oakland, California. On August 21, 1969, the Oakland Oaks moved to Washington, D.C., due to substantial financial losses despite winning the second-ever ABA championship only weeks earlier. The franchise was purchased for $2.6 million by a group led by Earl Foreman, Thomas Shaheen and Louis Diamond.
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