 On December 14, 2010 the Bisons stated they would be suspending operations due to lack of support from the city of Owensboro, KY.

With a 19-3 regular-season record, they qualified for the ABA's Elite Eight Championship tournament at the Nashville Municipal Auditorium (home to Southeast division rival the Nashville Broncs).After defeating Beijing Aoshen Olympian 106-104 in the first round, the Bisons would pull off an upset win over the top-seeded Southeast Texas Mustangs 107-89 to advance to the ABA title game.Finally, with their 127-120 win over the Maywood Buzz, the Bisons wrapped up the ABA title in their first year of existence.