The USHL has granted the team in dormancy status for the 2014–15 season while the organization focuses on development of a new facility. In January 2015, the USHL approved of the team's proposed future home, the Lyceum Pavilion, in the Indianapolis area. During this time, the Indiana Ice organization remained a member club in the USHL, with membership on its board and full rights to participate in the business and operations of the league. Since then, there have been no updates on the status of the team.
This team is unrelated to the Indianapolis Ice teams that existed from 1988 to 2004.
2004-05: Lost to Cedar Rapids RoughRiders 3 games to none in quarterfinals; the RoughRiders eventually won the Clark Cup title.
2005-06: Lost to Cedar Rapids RoughRiders 3 games to 2 in quarterfinals; the Ice held a 2-1 series lead before losing the last 2 games.
2006-07: Swept Green Bay Gamblers 4 games to 0 in first round; defeated Waterloo & Cedar Rapids in round-robin pool play in Round 2; lost to eventual Clark Cup Champion Sioux Falls Stampede 3-2 in O.T. in Clark Cup Semifinals
2007-08: Lost to Chicago Steel 3 games to 1 in quarterfinals.
2008-09: Defeated Cedar Rapids RoughRiders 3 games to 2 in quarterfinals; defeated Green Bay Gamblers 3 games to 1 in East Division Finals; defeated the Fargo Force 3 games to 1 to win the Clark Cup Finals.
2009–10: Defeated the Cedar Rapids 3 games to 2 in quarterfinals; lost to Green Bay 3 games to 1 in East Division Finals
2010–11: Defeated the Waterloo 2 games to 0 in first round; lost to Green Bay 3 games to 0 in Eastern Quarterfinals
2011–12: Defeated Dubuque 3 games to 0 in Eastern Conference Semifinals; lost to Green Bay 3 games to 0 in conference finals
2013–14: Defeated Green Bay 3 games to 1 in quarterfinals; defeated Dubuque 3 games to 0 in Eastern Conference Finals; defeated Waterloo 3 games to 2 to win the Clark Cup Finals.
NHL Draft Picks
The following table shows NHL draft picks that have played for the Ice. The tenure column indicates whether they were drafted while on the Ice roster, prior to arriving, or after moving on to college.