The Globetrotters Tour the country like a band would, and the Generals are like the opening act, just they are out on the court at the same time. It's the GLobetrotters only opponent. They are just some players who might not be good enough to play in the NBA. It's more of a show than a basketball game. Most of the guys on the team have mics wired to their uniforms.
As far as losing to a college team, I didn't hear about that, then again they don't talk about these guys on ESPN.