- Release date: October 4, 2011
- Cover athletes: Michael Jordan SG Chicago Bulls, Magic Johnson PG Los Angeles Lakers, Larry Bird SF Boston Celtics (PSP, PS2, PS3, Xbox 360, Wii, iOS, Windows PC)
- Because of the 2011 NBA Lockout, none of the rookies from the 2011 NBA draft class are included in the original game ratings. However they are available in the update.
- Ron Artest's name change to "Metta World Peace" was also included in the update.