The team began play in 1987 as a charter member of the Arena Football League.

Graham then hired former NFL and AFL coach Babe Parilli to lead the team.

[1] The franchise was restarted in 1989, with the ownership purchased by Englewood, Colorado investment banker Gary Graham for $125,000.

[5] The team struggled to earn money during the 1989 season due to only hosting one home game.

[1] The team finished with a 3–1 regular season record, and lost in the first round of the playoffs, 37–39 to the Gladiators.

[1] When he learned of the situation in Denver, AFL commissioner Jim Foster has this to say, "Three things can happen.

[1] Denver received a new arena football team in 2003, when the Colorado Crush, owned by Pat Bowlen and John Elway, was established.

Wide Receivers/Defensive Backs Offensive Linemen/Defensive Linemen Kickers Rookies in italics Roster updated January 23, 2013 23 Active, 0 Inactive, 0 PS → More rosters The following Dynamite players were named to All-Arena Teams: Note: Statistics are correct through the end of the 1991 Arena Football League season.