Named the second most valuable NBA franchise in 2013, the Los Angeles Lakers were founded in 1947 with the purchase of a previously disbanded team. They began playing in Minnesota as the Minneapolis Lakers before moving to Los Angeles in 1960. The Staples Center became their home arena since 1990 which they share with their local rivals, the Los Angeles Clippers. The Lakers have won a total of 16 championships, making them one of the most successful teams in the NBA. Their championship fame began in the 1960's when they made the Finals six times but lost each series to the Boston Celtics, who have remained their biggest rivals ever since. While in Minnesota, the Lakers had won a total of five NBA Championships and it wasn't until 1972 that they won their first championship while in LA. Their path to the Finals was led by their new head coach Bill Sharman and newly added player and four time MVP Wilt Chamberlain. Being one of the dominant teams in the NFL, the Lakers also hold the record for the longest winning streak of 33 games during the 1970-1972 season. In 1975, the team drafted Kareem Abdul-Jabbar who at the time, had three league MVP's. A few years later in 1979, they also acquired Magic Johnson and with him and Kareem, the Lakers were able to defeat the 76ers in the 1980 Finals.
From the addition of Johnson in 1979 up until 1991, the team won a total of five Championships. However during that time, they lost Kareem and Johnson to retirement. Even after the loss of two key players, the Lakers continued on to well and this time, with the help of new members of Shaquille O'Neal and Kobe Bryant. In 1997, they had their their best start in franchise history and continued to remain dominant in the following years. In their more recent years, they won the finals in the 2008-2009 and 2009-2010 seasons but have failed to do so in the past few years. In their current season, they're fourth in the Pacific division, competing with the Warriors to bump their standings up with fan favorites Kobe Bryant, Pau Gasol, and Steve Nash.
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