The team floundered, on the court and in the box office, with Wilt Chamberlain having left the team after the previous season.
Notably, they played the New York Nets in a 4 overtime game on February 14, winning 176–166.
A victory over Virginia on March 12 turned out to be their last as they lost 11 straight games to end the season, as they finished in dead last by 7 games.
After the season, Frank Goldberg (who formerly held ownership interest in the Denver Nuggets) bought the San Diego Conquistadors, assuming the $2 million team debt.
They soon renamed the team, becoming the San Diego Sails.