The Sets were founded as a charter franchise in World Team Tennis by Jerry Saperstein, son of
Harlem Globetrotters founder
Abe Saperstein. During the inaugural season, Saperstein sold the team to New York businessman Sol Berg. On May 7, 1974, the Sets played their inaugural match on their home
court at the
Nassau Veterans Memorial Coliseum in the
hamlet of
Uniondale in the
town of
Hempstead, New York against the
Hawaii Leis. The Sets drew 4,999 fans for their opening match. Under rules used only during the first few weeks of the season, the match comprised two sets of women's singles, two sets of men's singles and two sets of mixed doubles. No men's or women's doubles were played. WTT changed the match format on May 18, 1974, to one set each of men's singles, women's singles, men's doubles, women's doubles and mixed doubles.
Pam Teeguarden lost the opening set of women's singles for the Sets, 6–4, to
Valerie Ziegenfuss. The Leis went on to win four of the six sets and take the match, 29–25. After opening the season with two losses at home, the Sets got their first victory in franchise history on the road beating the
Cleveland Nets, 31–30, on May 12. Following the win over the Nets, the Sets lost 10 straight matches to fall to 1–12. They followed this with five wins in the next six matches to improve to 6–13. From there, the Sets lost seven of the next 10 matches and fell to 9–20. After winning three out of five matches, the Sets lost three straight to drop to 12–25 and assured themselves of a losing season. A three-match winning streak, tying their longest of the season, brought the Sets to 15–25. However, the Sets finished the season by losing four straight and cemented their position in last place in the Atlantic Section. ==Match log==