Bandits' president Luke Smith said the club is relieved to finally have a verdict on what has been a "yoyo season."
It comes following the NBL1's decision to cancel the south competition this year due to ongoing COVID lockdowns.
"It was inevitable that the decision would be made, it was just a matter of when," Smith said.
The league has made the call not to award a champion or individuals for the season.
With import players unattainable this year, Smith said it's been a good opportunity for the club's locals.
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"We had a lot more of our locals getting a run which has been great for their development," he said.
"It's great for the future of the Bandits."
He hopes to have crowds packing out the Lauren Jackson Sports Centre again next year.
"We're already planning for 2022," he said.
"We're hoping to lock in some of the players again from this year."
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