Before the season, the league lost three members as the Huntington Blizzard and the Jacksonville Lizard Kings ceased operations and the powerhouse Hampton Roads Admirals were replaced by the Norfolk Admirals in the American Hockey League.
The league also decided to expand the regular season to 72 games.
The Trenton Titans finished first overall in the regular season, and the South Carolina Stingrays won their second Kelly Cup defeating the Trenton Titans four games to one.
Note: GP = Games played; W = Wins; L= Losses; T = Ties; GF = Goals for; GA = Goals against; Pts = Points; Green shade = Clinched playoff spot; Blue shade = Clinched division; (z) = Clinched home-ice advantage †-Tallahassee was penalized 15 points for salary cap violations (from 83 to 68), knocking them out of a playoff spot
If the ten-minute period ends in a tie, sudden death overtime would be played as if it was a standard playoff game.