 They were relegated from the top division in 2005, but after one year in the men's second tier, they returned to the top flight in 2006.They are the current holders of the Icelandic Cup .In the 1970s and 1980s, Fram men's basketball team won four championships in the second-tier 1. deild karla.Its best season came in 1981-1982 when the team won the Icelandic cup and finished second in the top-tier Úrvalsdeild karla.