Following the demise of the Baltic Basketball League, the LEBL was established in 2018 when the Latvijas Basketbola līga (LBL) and the Korvpalli Meistriliiga (KML) largely merged.

[1] After a Final Four is played to determine the winner of the league, there are playoffs to decide the national champions of Latvia and Estonia.

Teams' rankings at season end are determined by winning percentage.

Quarterfinals and semifinals are to be played in best-of-three series, while bronze and gold medals are to be played out in one game with hosts being a team that finished regular season higher in the standings.

A foreign player (not Latvian or Estonian) who has been registered and played in the Latvian National Championship or the Estonian National Championship for three consecutive seasons between the ages of 12 and 19 is considered to be a local player.