- published: 17 Jul 2012
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The Los Angeles Lakers are an American professional basketball team based in Los Angeles, California. They play in the Pacific Division of the Western Conference in the National Basketball Association (NBA). The Lakers play their home games at Staples Center, which they share with their local NBA rival, the Los Angeles Clippers, the Los Angeles Kings of the NHL, and the Los Angeles Sparks of the WNBA. The Lakers are one of the most successful teams in the history of the NBA, and have won 16 championships, their last being in 2010. As of 2012, the Lakers are the most valuable NBA franchise according to Forbes, having an estimated value of $900 million.
The franchise started with the 1947 purchase of a disbanded team, the Detroit Gems of the NBL. The new team began play in Minneapolis, Minnesota, calling themselves the Lakers in honor of the state's nickname, "Land of 10,000 Lakes". The Lakers won five championships in Minneapolis, propelled by center George Mikan, who is described by the NBA's official website as the league's "first superstar". After struggling financially in the late 1950s following Mikan's retirement, they relocated to Los Angeles before the 1960–61 season.
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