Texas Tycoons
Encyclopedia
The Texas Tycoons were a team of the American Basketball Association
American Basketball Association (21st century)
The American Basketball Association, often abbreviated as ABA, is a semi-professional men's basketball league that was founded in 1999. The current ABA has no affiliation with the original American Basketball Association that merged with the National Basketball Association in 1976...

 (ABA) and the World Basketball Association
World Basketball Association
The World Basketball Association, often abbreviated to the WBA, is a professional men's spring basketball league in the United States.-History:The WBA was conceived in 2004, with seven teams scheduled to play...

 (WBA) based in Dallas. The team began play in the fall of 2004 based in Fort Worth. The Texas Tycoons played their 2007-08 season in DeSoto, Texas at the DeSoto Recreation Center.

History

They finished the 2005 season with a 17-9 record, and finished 2nd place in the White Division. They lost in the first round of the playoffs to the Bellevue Blackhawks
Bellevue Blackhawks
The Bellevue Blackhawks were a professional basketball team affiliated with the American Basketball Association and owned by former attorney and KONG_TV President and General Manager Michael Tuckman. The team was based in the Seattle suburb of Bellevue, WA...

 101-94.

On December 1, 2005, the Tycoons announced that they were leaving the ABA. A press release noted concerns that the team had discussed with the ABA office, but that they didn't 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. The team also announced that they were moving from Fort Worth to Dallas.

They also became the first ABA team to own their own arena, purchasing a former ice skating rink. Plans for the arena are unclear after the franchise's departure from Fort Worth.

On February 6, 2007, it was announced that the team was playing in the World Basketball Association
World Basketball Association
The World Basketball Association, often abbreviated to the WBA, is a professional men's spring basketball league in the United States.-History:The WBA was conceived in 2004, with seven teams scheduled to play...

 for the spring part of the season, while remaining in the ABA for the fall/winter part. http://www.oursportscentral.com/services/releases/?id=3423710

On March 27, 2007, the team defeated Beijing Aoshen 126-114 in the final four. 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
Vermont Frost Heaves
The Vermont Frost Heaves were a professional basketball team in Vermont, United States that last played in the Premier Basketball League, last coached by Joe Salerno. The formation of the team was announced in December, 2005 by founding owner Alexander Wolff, a Cornwall, Vermont resident and...

in the ABA Final.

The team did not compete in the 2008-2009 ABA season and is presumed folded.
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