For the 1993-1994 IHL season, the league consisted of 13 teams in four divisions. The divisional alignment from 1992-93 was discarded and the Knights found themselves in the Midwest Division along with Milwaukee, Kansas City, and the Russian Penguins (a traveling team of Red Army all-stars that played one game at each of the 13 IHL teams).

Atlantic Division	GP	W	L	T	Pts	GF	GA	PIM
Kalamazoo Wings	81	48	26	7	103	337	297	1902
Fort Wayne Komets	81	41	29	11	93	347	297	1792
Cleveland Lumberjacks	81	31	36	14	76	278	344	1600

Central Division	GP	W	L	T	Pts	GF	GA	PIM
Peoria Rivermen	81	51	24	6	108	327	294	1857
Cincinnati Cyclones	81	49	23	9	107	336	282	2214
Indianapolis Ice	81	28	46	7	63	257	329	2170

Midwest Division	GP	W	L	T	Pts	GF	GA	PIM
Atlanta Knights	81	45	22	14	104	321	282	2191
Milwaukee Admirals	81	40	24	17	97	338	302	1965
Kansas City Blades	81	40	31	10	90	326	327	1946
Russian Penguins*	13	2	9	2	6	35	64	229

Pacific Division	GP	W	L	T	Pts	GF	GA	PIM
Las Vegas Thunder**	81	52	18	11	115	319	282	2511
San Diego Gulls	81	42	28	11	95	311	302	2149
Phoenix Roadrunners	81	40	36	5	85	313	309	2435
Salt Lake Golden Eagles	81	24	52	5	53	243	377	2718

* Traveling team of Red Army all-stars: Games counted against IHL standings.
** IHL Expansion Team