After the Charlestown Chiefs team folded, the team's player-coach Reggie Dunlop claimed he was offered a coaching job for the expansion Nighthawks (whether or not it actually happened was left open-ended). He was going to try and bring some of the old Chiefs players with him.
Behind the ScenesEdit
It's never stated in the film whether or not the Nighthawks team was in the Federal League, another league, or if the team actually even existed. Reggie may have simply been planting another story similar to the Florida retirement community being interested in buying the Chiefs.