History
The Cannons were one of the original ten NBL clubs, competing in the league's very first season in 1979. They reached the championship game with a 13-5 record, but fell at the final hurdle, losing to the St Kilda Saints 94-93 in the final.
Canberra failed to make the playoffs over the next few seasons, but in 1983 they won their first NBL championship, downing the West Adelaide Bearcats 75-73 in the Grand Final. Guard Phil Smyth led the NBL in steals and assists.
The Cannons repeated as champions in 1984, this time beating the Brisbane Bullets 84-82 in the big game. Smyth again had a big season, being named to the All-NBL First Team.
Canberra made the playoffs for the next three seasons but championship glory eluded them until 1988, when they beat the North Melbourne Giants 2-1 in a best-of-three championship series. Smyth again was named to the All-NBL First Team after leading the league in three-point percentage, free-throw percentage and steals, and was also named Best Defensive Player. North Melbourne exacted their revenge in 1989, beating the Cannons 2-0 in the championship series.
The Cannons failed to make the playoffs again until 1992, when they were eliminated in the first round by the eventual champions, the South East Melbourne Magic. They reached the playoffs in 1996 making the semi finals before being eliminated by the Melbourne Tigers 2-1. They again made the finals in 1997 but were eliminated in the first round 2-1 by the North Melbourne Giants.
Financial problems dogged the club in the late 1990s, and the team finally succumbed to its money woes in December 2002. The club managed to play all its remaining games from the 2002/03 NBL season, but were unable to hold on to their star players, including C. J. Bruton, the son of then-coach Cal Bruton, or any imports. Canberra finished with an 11-19 record, and the team was bought by a consortium that moved the team to Newcastle.
On the 23 October 2009 it was announced that the Canberra Cannons would be re-formed out of the Canberra Gunners and play in the Australian SEABL.
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