The 1940 FABL season came to a thrilling conclusion as the Toronto Wolves emerged victorious in the World Championship Series, winning their first title since 1911. They defeated the Pittsburgh Miners in five games, clinching the series with a 4-1 victory. It was a remarkable achievement for the Wolves, ending their long championship drought.

In the Federal Association, the Pittsburgh Miners claimed the top spot with an impressive 92-62 record, securing the league's best winning percentage. Right behind them were the Detroit Dynamos, finishing with a solid 90-64 record. The Philadelphia Keystones followed closely in third place, with a record of 87-67. The Chicago Chiefs and Boston Minutemen rounded out the top five.

Several standout players were recognized for their exceptional performances during the season. In the Federal Association, Red Johnson of the Detroit Dynamos received the prestigious Whitney Award. Johnson's impressive stat line included a batting average of .335, along with 28 home runs, 110 runs scored, and 108 RBIs. Lefty Allen of the Pittsburgh Miners received the Allen Award for his outstanding pitching performance. He boasted a record of 23-13, a 3.06 ERA, and 217 strikeouts in 329.2 innings pitched.

The Federal Association All-Star team comprised a talented roster of players, including notable individuals such as Ed Wood, Bill Ketterman, Art Myers, Frank Vance, and Bobby Barrell, among others.

The batting leaderboards in the Federal Association were topped by Red Johnson with a batting average of .335. Chuck Hood of the Philadelphia Keystones followed closely behind with a .324 average. Hank Barnett of the Chicago Chiefs led the league in home runs with 36, while Sal Pestilli of the Detroit Dynamos excelled in driving in runs, accumulating an impressive total of 127 RBIs.

On the pitching side, Charlie Wheeler of the Detroit Dynamos stood out with a remarkable 2.45 ERA. Lefty Allen of the Pittsburgh Miners, along with Sergio Gonzales, also of the Detroit Dynamos, were among the top pitchers in the league, with Allen leading in wins with 23 and Gonzales recording 20 victories. In terms of strikeouts, it was Lefty Allen who reigned supreme with an impressive total of 217.

In the Continental Association, the Toronto Wolves led the way, finishing with an 88-66 record and claiming the top spot in the league. The Chicago Cougars followed closely behind with an 87-67 record, just one game behind the Wolves. The Cincinnati Cannons secured third place with an 84-70 record, while the New York Stars and Philadelphia Sailors both finished with identical records of 80-74.

John Lawson of the Chicago Cougars was awarded the Whitney Award in the Continental Association for his outstanding offensive performance. Lawson boasted an impressive batting line of .345/.399/.507, along with 17 home runs and 111 RBIs. Walt Wells of the Philadelphia Sailors received the Allen Award for his contributions on the pitching mound. Wells posted a 20-13 record, a 3.10 ERA, and 282.0 innings pitched.

The Continental Association All-Star team included standout players such as Larry Brown, Dick Lyons, Fred McCormick, John Lawson, Moxie Pidgeon, and Walt Wells, among others.

1B Dave Trowbridge of the New York Stars topped the batting leaderboard in the Continental Association with a .346 batting average, closely followed by John Lawson with a .345 average. Red Bond of the Montreal Saints led the league in home runs with 30, while Bond and Lawson tied for the league lead in RBIs with 111 each.

Among the pitchers in the Continental Association, Milt Fritz of the Chicago Cougars stood out with an impressive 2.84 ERA. Walt Wells of the Philadelphia Sailors, along with Deuce Barrell of the Cincinnati Cannons, were among the league leaders in wins, with Wells securing 20 victories. Pete Papenfus of the Chicago Cougars topped the league in strikeouts with 148.

Overall, the 1940 FABL season provided fans with exciting baseball action and memorable performances from both the Federal Association and the Continental Association. The Toronto Wolves' triumph in the World Championship Series marked a historic moment for the franchise, while individual players were recognized for their outstanding contributions to their respective teams.