Although Bassett failed to sign Gretzky, the Bulls included several future NHL stars at the beginning of their professional careers (Rick Vaive, Michel Goulet, Rob Ramage, Pat Riggin, Craig Hartsburg, and Gaston Gingras), as well as a 36-year-old Paul Henderson.
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The CHL team included returning coach John Brophy, and six players carried over from the previous season's WHA team; Paul Henderson, Pat Riggin, Rick Adduono, and Dave Hanson.
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Following the season, with the drop in attendance and onerous lease terms at the Gardens, Bassett moved the club to Birmingham, Alabama, where they were renamed the Birmingham Bulls for the 1976–77 season.
In 1989 (coached by Terry Smith - who also coached GB at the time), they won the 1989 Budweiser title where they defeated Birmingham Bulls 21-14.