The Cougars competed in the National Basketball League (NBL) and played their home games at Cowles Stadium.

[1] The Cougars debuted in the NBL in the 2009 season with Andrew Gardiner as head coach.

In January 2011, the team was kicked out of Cowles Stadium due to unpaid debt to the city council.

The Gardiners intended to move their team to a new stadium just being finished in Lincoln on the outskirts of the city.

A rescue package to save the Cougars was attempted, but ultimately the level of financial risk was too great.