Had the Bulls played in 1986, they would have been aligned in the Independence Division along with the Orlando Renegades, Tampa Bay Bandits, and Arizona Outlaws. 
The 1986 USFL would have featured just eight teams, with seven of them east of the Mississippi River.
After the 1985 season, the league lost the Birmingham Stallions (folded), Denver Gold (merged into the Bulls), Houston Gamblers (merged into the New Jersey Generals), Los Angeles Express (folded), Portland Breakers (folded), and San Antonio Gunslingers (franchise revoked by league).

The Bulls were the crown jewel franchise of the USFL's expansion of 1984, drawing a rabid fan base to games and eventually putting a competitive football product on the field.

The team held a "Name the Team" contest in an effort to choose a nickname, but in the end owner Fred W. Bullard listened to suggestions that he name the team after himself, calling it the "Bulls."

The Bulls won their first USFL game in convincing fashion, thrashing the Washington Federals 53-14.  The Bulls led 16-0 at the end of the first quarter and 29-0 at the half, scoring 46 of the game's first 53 points.

Miami Dolphin Hall of Famer Larry Csonka was a prominent face of the Bulls franchise, first as a spokesman and the team's chief scout, and later as the team's General Manager.

JAX Professionals, Inc., the group that brought the Bulls to Jacksonville, at one point attempted to raise additional capital for the franchise by selling shares to the public.  Hoping to raise nearly $ 19 million to help keep the team afloat, only 800 people expressed interest in buying a piece of the Bulls at $100 a share.

The Bulls franchise was the fourth expansion franchise awarded by the USFL, with the formal announcement being made on June 14, 1983.  The Pittsburgh Maulers, Houston Gamblers, and Oklahoma Outlaws (originally intended for San Diego) had come before the Bulls during the previous six weeks.

The Bulls led the USFL in attendance in both seasons of the team's existence, averaging roughly 45,000 at the Gator Bowl in both 1984 and 1985.

The Bulls were merged with the Denver Gold after the 1985 season as the league prepared to go head to head with the NFL in 1986.  The combined Bulls-Gold team, which would have played in Jacksonville, never played a game, however.

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