The team included many well known players from local colleges.

The team played its home games at Dorton Arena.

The Cougars were owned by Clyde "The Glide" Austin, a former Harlem Globetrotters and North Carolina State basketball star, and Cozell McQueen, a former North Carolina State and Euroleague player.

In 1997 the team finished with a 14–12 record and advanced to the semifinals of the USBL Postseason Festival, where they lost to Atlantic City.

In 1999, their final year, the team finished with a 5–21 record.