Template:1932 Negro Southern League standings
| vs. Negro Southern League | vs. Major Black Teams | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Negro Southern League | W | L | T | Pct. | GB | W | L | T | Pct. |
| (1) Chicago American Giants | 33 | 10 | 0 | .767 | — | 50 | 32 | 0 | .610 |
| Monroe Monarchs | 34 | 14 | 0 | .708 | 1½ | 42 | 20 | 1 | .675 |
| Birmingham Black Barons | 10 | 9 | 0 | .526 | 11 | 12 | 15 | 0 | .444 |
| (2) Nashville Elite Giants | 24 | 23 | 0 | .511 | 11 | 26 | 27 | 0 | .491 |
| Montgomery Grey Sox | 23 | 25 | 1 | .480 | 12½ | 23 | 25 | 1 | .480 |
| Indianapolis ABCs | 16 | 20 | 4 | .450 | 13½ | 25 | 32 | 4 | .443 |
| Memphis Red Sox | 23 | 27 | 0 | .460 | 13½ | 29 | 28 | 0 | .509 |
| Louisville Black Caps / Columbus Turf Club | 15 | 32 | 3 | .330 | 20 | 15 | 36 | 3 | .306 |
| Little Rock Grays | 5 | 12 | 0 | .294 | 15 | 9 | 12 | 0 | .429 |
| Atlanta Black Crackers | 6 | 17 | 0 | .261 | 17 | 6 | 18 | 0 | .250 |