The SFHL began the 2005-06 season with 12 franchises:
| Original Franchise | Franchise & Ownership History |
|---|---|
| Bruins (Sean) | Bruins (Sean) — 2005-06 to present |
| Devils (Andrew) | Devils (Andrew) — 2005-06 → Blues (Tom) — 2006-07 to 2007-08 → Folded in 2008-09 |
| Red Wings (Bindy) | Red Wings (Bindy) — 2005-06 to 2013-14 → Red Wings (Geoff) — 2014-15 to present |
| Sharks (Curtis) | Sharks (Curtis) — 2005-06 to present |
| Maple Leafs (Mike) | Maple Leafs (Mike) — 2005-06 to 2017-18 → Avalanche (Peter) — 2018-19 to present |
| Canucks (Vic) | Canucks (Vic) — 2005-06 to 2007-08 → Avalanche (Steve) — 2008-09 to 2011-12 → Jets (Kashmir) — 2012-13 to 2014-15 → Islanders (Kashmir) — 2015-16 → Golden Knights (Kashmir) — 2016-17 to present |
| Flyers (Bobby) | Flyers (Bobby) — 2005-06 to present |
| Islanders (Kashmir) | Islanders (Kashmir) — 2005-06 to 2007-08 → Stars (Parm) — 2008-09 to present |
| Oilers (Vahid) | Oilers (Vahid) — 2005-06 to 2007-08 → Penguins (Vahid) — 2008-09 to present |
| Senators (Mark) | Senators (Mark) — 2005-06 to 2007-08 → Blackhawks (Mark) — 2008-09 to present |
| Canadiens (Greg) | Canadiens (Greg) — 2005-06 to present |
| Kings (Chris) | Kings (Chris) — 2005-06 to 2015-16 → Lightning (Sunny) — 2016-17 to present |
| 2012-13 Expansion Franchise | Devils (Harneet) — 2012-13 to present |
Franchise Changes by Season
2006-07
- Devils franchise renamed Blues, with Tom becoming owner.
2007-08
- No changes.
2008-09
- Blues franchise folded, reducing the SFHL from 12 teams to 11 teams. Blues players were auctioned to the remaining teams.
- Islanders ownership changed and the franchise became the Stars, owned by Parm.
- Canucks franchise became the Avalanche, owned by Steve.
- Senators franchise renamed the Blackhawks; ownership remained unchanged.
- Oilers franchise renamed the Penguins; ownership remained unchanged.
2009-10 to 2011-12
- No franchise changes.
- SFHL remained an 11-team league.
2012-13
- SFHL returned to 12 teams.
- Two incoming owners, Kashmir and Harneet, participated in a random draw to determine franchise assignment.
- Kashmir took over the Avalanche franchise, which became the Jets.
- Harneet received a new expansion franchise, the Devils.
2013-14
- No changes.
2014-15
- Red Wings franchise changed ownership to Geoff.
2015-16
- Jets franchise renamed the Islanders.
2016-17
- Kings franchise became the Lightning, owned by Sunny.
- Islanders franchise renamed the Golden Knights.
2017-18
- No franchise changes during the season.
- Leafs owner announced his resignation during the season.
2018-19
- Leafs franchise became the Avalanche, owned by Peter.
2019-20 onward
- No franchise changes.