A press release noted concerns that the team had discussed with the ABA office, but that they did not wish to disclose publicly.

The Tycoons left with a 3–0 record, ranking third in the ABA's Power Sixteen.

However, it was announced later on that the Tycoons would return to the ABA for the 2006–07 season, along with the Houston Havoc.

Texas with a record of 25-5 led minor league basketball in scoring with 132 ppg and with the win advanced to the ABA Finals for the first time in franchise history.

On March 29, 2007, the team lost to the Vermont Frost Heaves in the ABA Final.