The Ontario Series Lacrosse league announced this week the Kitchener-Waterloo Velocity will cease operations effective immediately.
The OSL will operate as a five-team league playing a balanced 16-game schedule for the 2020 campaign.
Each team will play two games (home-and-away) against the other four teams. At the end of the regular season, one team will be eliminated from playoff competition.
The league’s release said an ownership group did come forward and try to negotiate the purchase of the club, but an agreement to keep the team operational for 2020 never came to fruition.
Over three seasons the Velocity played to a record of 3-45.
“Although the on-floor results were challenging, KW always had a team on the floor, ready to play and battle for 60 minutes,” said the league release.
The league went on to say three groups have expressed interest in joining the OSL for the 2021 season. The league is seeking expansion into areas such as Middlesex, Niagara, Waterloo and York.
Owen Sound, Six Nations, Ennismore, Oakville and Brooklin are the remaining teams that will battle for a berth into the Presidents Cup hosted this year in Leduc, Alta.
A dispersal draft for the 22 KW Velocity players will be held Sunday via teleconference with the results posted online.