LKL Slam Dunk Contest was part of the Final four program until the event was removed in 2019.

The new tournament was presented to public on 1 December 2015, to replace the LKF Cup and the LKL All-Star Day.

In 2016 the official name was Kidy Tour King Mindaugas Cup for sponsorship purposes, where Top 8 teams after 2 rounds in the Lithuanian basketball league competed in a 3-day tournament, in Vilnius, Siemens Arena.

In 2017 Kidy Tour King Mindaugas Cup there was a slight change in the format, seeds where divided between 1-4 and 5-8 and a quarterfinal draw was introduced.

Teams from lower division league NKL were introduced and the tournament started in October 2018.

In the summer of 2019 it was decided to change the format again, introducing two more clubs from the NKL, expanding the total number of teams to 16.

4 round system is kept the same, where bottom 6 LKL teams will be seeded versus the unseeded NKL clubs.

The 2022 Citadele King Mindaugas Cup tournament was announced to be held in Vilnius and the newly renamed Avia Solutions Group Arena.

Rytas beat Šiauliai-7bet 76-71 in the third place game and Žalgiris destroyed an undermanned Lietkabelis side 91-66 in the final to claim their 5th and 3rd straight King Mindaugas Cup title.