The Louisville-based Colonels started their time in the ABA as a colorful franchise, and not just because of their bright green uniforms. Among the things they were known for was their "mascot", Ziggy, a prize-winning Brussels Griffon that was owned by original team owners Joe and Mamie Gregory. Some fans of the Colonels believed Ziggy was the real owner of the club. Ziggy went to owner's meetings and had a front row seat for games. The dog was even part of the team's logo for their first seasons.
They were equally famous for publicity stunts, their most famous coming in 1968 when Penny Ann Early, the first licensed female horse racing jockey, was signed to appear in an ABA game (albeit for a few seconds).
The team's performance on the court was understandably overshadowed. Perhaps it was deserved, as they were mostly an average team, but they did have a pair of good in-state talents, Kentucky Wildcat Louie Dampier and Western Kentucky star Darel Carrier. They were among the best long range shooters of their time, and benefitted greatly from the ABA's three-point line. Carrier spent 5 seasons with the club, while Dampier was a Colonel for all of their years.
The early color of their franchise began to wane during the 1970-71 season, when they signed another Wildcat star in All-American Dan Issel. They also dropped the green uniforms in favor of a Blue and White scheme similar to that of the Wildcats. Issel's signing helped the Colonels become well known as a legitimate basketball team. In spite of an average record in the regular season, they made a serious run at the ABA championship. They fell just short, however, and lost to the Utah Stars in 7 games.
They proved to be even better in 1971, with the signing of ferocious big man Artis Gilmore. Gilmore's signing would help make the Colonels a legitimate powerhouse for years to come. The Colonels won 68 games in his rookie campaign, the best in the league's short history. Yet, in the playoffs, they were upset by the New York Nets in the first round. Kentucky recovered and made another championship run during the 1972-73 season, but lost a physical (and controversial) series to the Indiana Pacers in 7 games.
After the season, the franchise was nearly moved across state to Cincinnati, but was purchased by John Y. Brown, a former state governor who owned Kentucky Fried Chicken for years, and his wife Ellie. The Browns helped increase interest in the team, and looked to improve themselves on court by hiring popular ABA coach Babe McCarthy to give them their first ABA title. But after they were swept in the second round of the playoffs by the Nets, the Browns gave McCarthy his walking papers.
For the 1974-75, John and Ellie Brown hired Hubie Brown (no relation), a former NBA assistant coach, to give them that championship. Unlike the past year, the Colonels would not be denied. After a torrid finish to the regular season, which saw them win 23 of 26 games, they ripped through the playoffs, and beat their nemesis, the Indiana Pacers, in a dominant 4 games to 1 victory for the ABA championship. Gilmore, Issel, Dampier, and the Colonels organization finally got the championship they deserved.
The celebration of the 1975 season ended when the Browns dealt Dan Issel to the ABA's Baltimore fanchise (which never took to the floor in the regular season) for financial reasons. They acquired all-star Caldwell Jones to replace him, but he never gelled with the team. Jones was dealt mid-season for young Maurice Lucas. Hubie managed to make the team competitive, but they lost in the postseason to the Denver Nuggets in 7 games.
Kentucky was one of the league's most talented teams, and had one of it's best fan bases, but during the ABA's talks of merging with the NBA, the Colonels were not a favorite to change leagues. As a result, the Browns were forced to fold the Colonels.
Colonels players were distributed to other teams in a dispersal draft, with Artis Gilmore being drafted first by the Chicago Bulls. Maurice Lucas went on to be an all-star for the Portland Trail Blazers and Louie Dampier, who ended up being the all-time leader in points and assists, ended his career as a sixth man for the San Antonio Spurs. Coach Hubie Brown went on to coach the Atlanta Hawks for 5 seasons after the merger before being fired.
In 2001, the Kentucky Colonels name was almost brought into the NBA, when an ownership group made up of owners that owned the parent company of KFC made a push to purchase the Vancouver Grizzlies and move them to Louisville. The move would've included a $100 million deal to name the team's arena "The KFC Bucket". The Grizzlies turned down the offer in favor of an offer from an ownership group in Memphis.