The Los Angeles Lakers are an American professional basketball team based in Los Angeles. The Lakers compete in the National Basketball Association (NBA) as a member of the league's Western Conference Pacific Division. The Lakers play their home games at Crypto.com Arena, an arena shared with the NBA's Los Angeles Clippers, the Los Angeles Sparks of the Women's National Basketball Association, and the Los Angeles Kings of the National Hockey League. The Lakers are one of the most successful teams in the history of the NBA, and have won 17 NBA championships, tied with the Boston Celtics for the most in NBA history. The franchise began with the 1947 purchase of a disbanded team, the Detroit Gems of the National Basketball League (NBL). The new team began playing in Minneapolis, Minnesota, calling themselves the Minneapolis Lakers. Initially a member of the NBL, the Lakers won the 1948 NBL championship before joining the rival Basketball Association of America, where they would win five of the next six championships, led by star George Mikan. After struggling financially in the late 1950s following Mikan's retirement, they relocated to Los Angeles before the 1960–61 season. Led by Hall of Famers Elgin Baylor and Jerry West, Los Angeles made the NBA Finals six times in the 1960s, but lost every series to the Celtics, beginning their long and storied rivalry. In 1968, the Lakers acquired four-time NBA Most Valuable Player (MVP) Wilt Chamberlain, and won their sixth NBA title—and first in Los Angeles—in 1972, led by new head coach Bill Sharman. After the retirement of West and Chamberlain, the team traded for superstar Kareem Abdul-Jabbar, who would win three MVP awards as a Laker. While the team was unable to advance to the Finals in the late 1970s, two momentous changes came in 1979 that would inaugurate a new golden era for the franchise. First, Jerry Buss purchased the Lakers, and as the team's owner, pioneered a vision of basketball games as entertainment spectacles as well as sporting events. Second, the Lakers drafted Magic Johnson first overall in the 1979 NBA draft. The combination of Johnson, a passing prodigy point guard, and a dominant center in Abdul-Jabbar provided the Lakers with two superstars to anchor their roster. The promotion of head coach Pat Riley in 1981 and the addition of forward James Worthy through the 1982 draft established the Lakers as an NBA powerhouse throughout