Originally known as the Munich Barons from 1999 until 2002, team owner Philip Anschutz, who also owns Eisbären Berlin, relocated the franchise to Hamburg for financial reasons on 3 June 2002, and renamed the team "Hamburg Freezers".
Lakersi so ena najuspešnejših ekip v zgodovini lige NBA in so osvojili 16 naslovov prvaka, zadnjega v sezoni 2009/2010.