[1] Hamar first fielded a men's team during the 1993–1994 season when it participated in 2. deild karla.
During the summer, Hamar hired former Icelandic international player Pétur Ingvarsson as its player-coach.
Behind his and star player Oleg Krijanovskij play, Hamar finished fourth in the league and made it to the playoffs.
In the semi-finals, Hamar defeated Þór Þorlákshöfn 2-1 and advanced to the finals where it faced former Úrvalsdeild powerhouse Íþróttafélag Reykjavíkur.
After losing the first game, 102–90, Hamar went on a won the next two for the 1. deild championship and promotion to the top-tier Úrvalsdeild karla.