Recruiting Process For First Season
At the team's 15 December launch, Cowan said, "If you're Victorian and you're in college and coming home, you're on our list." It was believed the team was looking to sign Luke Schenscher – a member of the 2004 Georgia Tech team which went to the NCAA championship game against the University of Connecticut, and at the time an NBA Development League player – as its first marquee player.
On 3 March 2006, it was reported by Melbourne's Herald Sun newspaper that former Australian star Shane Heal was considering coming out of retirement to captain the Dragons for the 2006-07 NBL season, and is involved in contract negotiations with the team. He officially signed with the team on 6 April as the Dragons' inaugural captain.
On 17 March 2006, 18-year-old Australian Institute of Sport graduate Joe Ingles became the team's first signed player. The Dragons were unable to sign Schenscher because the Chicago Bulls called him up to fill a roster vacancy earlier that month.
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