Jackie Moon (Will Ferrell) is the owner, promoter, coach, and star player of the Flint Michigan Tropics of the American Basketball Association (ABA). In 1976 before the ABA collapses, the National Basketball Association (NBA) plans to merge with the best teams of the ABA at the end of the season. Only the top four teams will make the move and the worst teams will fold. The Tropics are the worst team in the league and if they want to make it to the NBA, Jackie Moon must rally his team and start winning. The only problem with that scenario is the fact that Jackie Moon is not really the coach and star basketball player he thinks he is. He was able to buy the Tropics franchise with proceeds that he had earned from his hit song Love Me Sexy. To keep his team from oblivion and leave his mark in the city, Jackie Moon must inspire his team to win fourth place in the playoffs. Jackie trades a washing machine to another team for a former NBA benchwarmer, Monix (Woody Harrelson) to reach his goal. This was Monixs last season before he retires, and he wants to go out in a blaze of glory.