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As of summer 2012, the Lakers hold the all-time records for wins (3,125), winning percentage (.620), and NBA Finals appearances (31).

They are second in NBA championships only to the Boston Celtics, winning 16 championships to the Celtics 17 NBA titles.

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During this time, the team also participated in the lowest-scoring game in NBA history; on November 22, 1950, the Lakers fell to the Fort Wayne Pistons by a score of 19–18.

This contest later proved to be a factor in the league's introduction of the shot clock.

King Boring, Berger and Chalfen relocated the team to Minneapolis, with home games being played at both the Minneapolis Auditorium and the Minneapolis Armory.

The "team" that Berger and Chalfen had actually purchased consisted only of equipment; since the team had appeared to be on the verge of folding, all of its players had already been assigned to other NBL teams.

The franchise was re-christened the "Lakers" in reference to Minnesota's nickname, "The Land of 10,000 Lakes".

Berger and Chalfen brought in Max Winter, later to become a founder and owner of the National Football League's Minnesota Vikings, to become the Lakers' new general manager.

The following year was disastrous, however, as Mikan became head coach before finding he was not suited to the task.

After compiling a 9–30 record, he stepped aside in favor of Kundla, but the Lakers found themselves last in the league that year with a 19–53 record.

The Lakers did not change their name after this second move, despite the general scarcity of natural lakes in southern California.

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