Its legacy remains as the city's first basketball franchise to operate after the Buffalo Braves relocated to San Diego following the 1977–78 NBA season.

[1][2] Nice was CEO of Events Media International, a company that had worked with the league to broadcast its games nationally on radio and television.

[7] The league ruled in 2004 that Mark Hamister's two-year contractual window to found a team had lapsed, allowing Gary Nice's plans to move forward.

[15] 400 season ticket packages were sold for the team's home matchups at Burt Flickinger Center, with the organization agreeing to rent the facility at a cost of $9,540 per night.

[18] Former Miami Dolphins owner Dan Robbie and his business partner Todd Wier became co-owners after purchasing the franchise that same month.

[28] Controversy arose when politician Betty Jean Grant criticized the team's name and logo, which featured a silverback gorilla, as racist.

[35] Their season opener was a 100–109 loss to the Detroit Panthers on November 8, 2006, drawing 1,232 fans to their new home of Buffalo State Sports Arena.

[38] Dan Robbie and Todd Wier sold the franchise to concert promoter Vincent Lesh for $15,000 in September 2007, and the team sat out the 2007–08 ABA season for reorganization.

Rich Jacob returned as head coach and general manager, leading a makeshift Buffalo Select All-Stars squad to a 62–54 exhibition victory over the Italy men's national basketball team on June 23, 2008.

[40] However, Lesh announced in September 2008 that he was folding the Sharks and instead leaving the ABA to purchase Todd Wier's Buffalo Dragons franchise in the PBL.