The competition's full name was Lietuvos Krepšinio Federacija Taurė (English: Lithuanian Basketball Federation Cup).

Before 2007, the LKF Cup wasn't held regularly, but after that, its finals were organised every January, February, or March.

In 2015, the LKF decided to change the competition format, and it was then played between the top eight qualified teams of the LKL, after the first half of the season.

[2] In the 2012–13 season, Lietuvos Rytas and Žalgiris organized a separate competition, called the Lithuanian Supercup.

Two games were played in September 2012: the first one, in Kaunas, was won by Žalgiris, 89–71, and in the second leg, in Vilnius, both teams tied 87–87.