Billy Schaeffer

William G. Schaeffer (born December 11, 1951) is an American former basketball in the American Basketball Association (ABA) for the New York Nets and Virginia Squires. He also was a member of the Allentown Jets in the Eastern Pennsylvania Basketball League. He played college basketball for the St. John's Red Storm.

Early years A native of Bellerose, New York, Schaeffer attended Holy Cross High School in Flushing, New York. As a junior, he led the team to a basketball championship in 1968 (first in school history). As a senior, he was named to the New York City All-Stars team.

College career Schaeffer stayed in his home state to attend college, accepting a basketball scholarship from St. John's University. In three varsity seasons spanning between 1970–71 and 1972–73, Schaeffer established himself as one of the premier players in program history.

As a sophomore, he struggled with leg injuries, but still managed 14.4 points and 6.3 rebounds per game. He helped the team qualify for the 1971 National Invitation Tournament.

As a junior, he missed the first few games with an illness, but still registered 17.1 points and 6.2 rebounds per game, to go along with a .636 shooting percentage (fifth in the nation). He also led the team to the 1973 NCAA tournament. The Met Basketball Writers Association selected him as the Haggerty Award winner, which is given annually to the best male collegiate basketball player in the New York City metropolitan area. Despite being drafted to the NBA, he chose instead to play in the American Basketball Association, which at the time was almost on par with the NBA in terms of popularity.

In his rookie season in 1973–74, he played for the New York Nets who won the ABA championship. Schaeffer played a second full season with the Nets the following year as they failed to defend their title.

Allentown Jets In the off season he joined the Allentown Jets in the Eastern Pennsylvania Basketball League. They finished second in the regular season standings but went on to win the EPBL championship, two games to one, over the Hazelton Bullets.

Virginia Squires The 1975–76 season would be Schaeffer's last as a professional basketball player. He appeared in 20 regular season games for the New York Nets. On January 7, 1976, he was traded along with Swen Nater to the Virginia Squires, in exchange for Jim Eakins. While playing in 31 games for the Squires, he averaged a career high 6.6 points per game. The Nets, unfortunately for Schaeffer, would go on to win the 1976 ABA championship at the end of the season. In 137 ABA games played, he scored 802 points and grabbed 289 rebounds.