The Hornets finished the 2005-06 season in third place, or so they thought. In January 2006, they signed Chris MacKenzie a former semi-pro hockey player. Despite the fact that the player's driver's licence and health card listed him as a resident of Toronto, he lived most of the time in Indianapolis, Indiana. Two other teams in the league appealed the usage of this player as a violation of the league's residency rule, which resulted in a series of late season victories being overturned to these teams' favour. The overturned victories resulted in a drop to fifth and last place for the Hornets. Irate, the ownership of the Hornets pulled their team from the league and filed a lawsuit for damages. The Cambridge Hornets have not stepped on the ice since.
List of modern era Cambridge Hornets alumni who also played in the NHL.