The team was affiliated with several Major League Baseball (MLB) franchises, primarily the Tampa Bay Rays.

After being known as the Princeton Devil Rays during the 1997–2008 seasons, the team announced on December 2, 2008, that they would update their name, logo, colors, and uniforms as their parent club had done the previous year.

[1] Through completion of the 2012 season, the franchise had seen 57 former players move on to play in Major League Baseball, including: Brandon Backe, Rocco Baldelli, Carl Crawford, Jonny Gomes, Josh Hamilton, Seth McClung, Pokey Reese, Matt Moore, Wade Davis, Desmond Jennings, Jeremy Hellickson, Jason Hammel, and Jared Sandberg.

NFL quarterback Doug Johnson and NBA referee David Guthrie also played professional baseball for Princeton teams, in 1997 and 1995, respectively.

The Princeton Rays played their home games at H. P. Hunnicutt Field, which originally opened in 1988 (and was completely rebuilt in 2000 on the same site) and held 1,950 fans.