| # | Team | MP | W | WO | LO | L | G | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Pensacola Ice Flyers | 28 | 18 | 3 | 1 | 6 | 101:61 | 43 | |
| 2. | Louisiana IceGators | 28 | 14 | 3 | 3 | 8 | 98:85 | 37 | |
| 3. | Mississippi RiverKings | 28 | 15 | 0 | 0 | 13 | 92:77 | 30 | |
| 4. | Knoxville Ice Bears | 28 | 9 | 3 | 5 | 11 | 83:82 | 29 | |
| 5. | Peoria Rivermen | 28 | 10 | 1 | 5 | 12 | 63:74 | 27 | |
| 6. | Mississippi Surge | 28 | 9 | 3 | 3 | 13 | 68:90 | 27 | |
| 7. | Columbus Cottonmouths | 28 | 11 | 1 | 2 | 14 | 87:91 | 26 | |
| 8. | Huntsville Havoc | 28 | 8 | 3 | 3 | 14 | 84:97 | 25 | |
| 9. | Fayetteville Marksmen | 28 | 7 | 1 | 5 | 15 | 72:100 | 21 | |
| 10. | Bloomington Blaze | 28 | 7 | 1 | 2 | 18 | 60:98 | 18 |