The Wizards lost their opening two games against the Skyforce, but then cruised to a 12-game winning streak before losing to Sioux Falls on New Year's Eve, 2004.

The Wizards also lost two potential all-stars, Billy Keys and Dickey Simpkins, who left the team mid-season to play overseas.

[3] In April 2006, the Wizards and three other teams (Colorado 14ers, Idaho Stampede and Sioux Falls Skyforce) withdrew from the CBA in order to join the emerging NBA Development League.

He went on to lead them to the Championship Game, where forward Darius Rice came off the bench to put together a record-setting night that led the Wizards to a 129–121 overtime victory over the Colorado 14ers.

On June 28, 2011, the Golden State Warriors, led by Co-Executive Chairmen Joe Lacob and Peter Guber, purchased the Wizards franchise from Bismarck Professional Basketball LLC.

To reflect the new ownership, the Wizards debuted with a new color scheme, the Warriors' blue and gold, used as an alternative to the purple and green, which dates back to their IBA days.

Following intense off-season discussions regarding a move, on October 10, 2012, the Golden State Warriors announced that the Dakota Wizards would relocate to Santa Cruz beginning with the 2012–13 season.