The Brooklyn Nets are a professional basketball team based in the New York City borough of Brooklyn. They are members of the Atlantic Division of the Eastern Conference in the National Basketball Association (NBA). The team is one of two NBA franchises playing in New York City, along with the New York Knicks. An original member of the American Basketball Association (ABA), the Nets were founded in 1967 and initially played in Teaneck, New Jersey as the New Jersey Americans. In its early years, the team led a nomadic existence, moving to Long Island in 1968 and playing in various arenas as the New York Nets. It won two ABA championships in New York before becoming one of four ABA teams to be admitted into the NBA as part of the ABA–NBA merger in 1976. After moving back to New Jersey in 1977 and becoming the New Jersey Nets, the team has seen periods of losing and misfortune intermittent with several periods of success, which culminated in two consecutive NBA Finals appearances in the 2001–02 and 2002–03 seasons. In 2012 the team relocated to the Barclays Center in Brooklyn and renamed the Brooklyn Nets.