They competed for one season, folding at the close of the 1995–96 IHL season. During that one season, the Spiders roster took on a familiar look to the Cow Palace's previous hockey tenant, the San Jose Sharks. Dale Craigwell, Link Gaetz, Robin Bawa, David Maley, Ed Courtenay, Mike Lalor, and Sandis Ozolinsh all played for the IHL expansion team. The team finished last place in a very strong South division, despite winning 40 games and losing only 32. The Spiders lost 3–1 in the first round of the playoffs to the Chicago Wolves. Goalie Stephane Beauregard won league MVP.