As the World Hockey Association entered its third season, the league decided it was time to add two new teams. One of those teams was the Phoenix Roadrunners and the other was the Indianapolis Racers.

Playing at the Markey Square Arena, the Racers coached by Gerry Moore made their debut against the Michigan Stags, losing 4-2 in their first game on October 17th. The Racers would drop their first five games, before beating the Quebec Nordiques 5-3 for their first win on October 27th.

Wins would be scarce for the first year Racers, as they finished dead last with a record of 18-57-3. Bob Whitlock would lead the Racers in scoring with 57 point, with a team high 36 goals.