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The Oakland Oaks were a charter member of the original American Basketball Association. Formed in February 1967 as the Oakland Americans, the team changed its name to the Oaks prior to play that fall. Playing in the ABA during the 1967-68 and 1968-69 seasons at the Oracle Arena, the team colors were green and gold.

On February 2, 1967, pop singer Pat Boone, S. Kenneth Davidson and Dennis A. Murphy (who would later co-found the World Hockey Association) were awarded a team in exchange for $30,000. An earlier Oakland Oaks basketball team played in the American Basketball League in 1962, along with a baseball team that had played for nearly a half century in Oakland, with the latter and the ABA Oaks both using the oak tree and the acorn as its symbols.

They would win the ABA Championship in their final year, before being sold and moved to Washington, D.C. for the 1969-70 season.