In 1992, led by imports Dwayne McClain (who was named to the All-NBL First Team) and Ken McClary (ranked 5th in the league in rebounds), the Kings finished second on the ladder.

The team featured high-profile players like Leon Trimmingham,[2] Mario Donaldson, Dean Uthoff and Phil Smyth during the mid-90s but they failed to make the playoffs in 1993 or 1995, and were eliminated in the first round in 1994 and 1996.

The Kings finished on top of the ladder with a 22–8 record, and swept the Perth Wildcats 2–0 in the grand final series to claim their first-ever championship.

With Goorjian able to implement his defensive tactics which were so successful with the Spectres, Magic and Titans in Melbourne, there seemed to be no stopping the Kings, who were able to recruit quality imports like 2002–03 league MVP Chris Williams.

In addition, many Victorian groomed players who had previously played for Goorijan such as Jason Smith and Bradley Sheridan followed him north to Sydney.

The Kings again performed strongly in the 2004–05 season despite a disastrous early game against Townsville which saw C. J. Bruton out for weeks with an elbow injury, and a season-ending ACL tear for rookie of the year candidate Luke Kendall.

Arguably stronger than before the Kings finished on top of the ladder and crushed the Wollongong Hawks in three straight games to become the first team in Australian league history to win three consecutive championships.

The Kings faced off against the Bruton led Bullets in the semi-finals losing 2–0 while captain and key player Jason Smith attempted to play through a broken hand.

The series this time would go to the deciding 5th game, which among rumours of a potential collapse for the club and uncertainty around playing contracts and future, saw the Kings lose 3–2 to the Tigers at home.

On 24 March 2008, coach Brian Goorjian quit the club after a mutual agreement,[3] and on 12 June 2008, the NBL terminated the Sydney team's licence as Firepower collapsed and the Kings were unable to pay player salaries.

[4] Under a revised management structure and ownership, the Sydney Kings relaunched for the 2010–11 NBL season, returning to the league after a two-year absence.

[5] However, despite big-named additions such as Julian Khazzouh, Ben Madgen and Luke Martin, the Kings in their first season back finished in last place on the ladder with an 8–20 record.

Due to the 2011 NBA Lockout, Australia's highest profile basketballer, former Milwaukee Bucks centre Andrew Bogut, was looking to play in the NBL during the 2011–12 season.

However, the insurance to cover his remaining US$39 million contract with the Bucks could not be resolved, leaving the Kings and the NBL without the services of Australia's highest profile player.

[8] Australian basketball icon Andrew Gaze was named head coach of the team on a three-year deal starting with the 2016–17 season.

In that same offseason, the Kings became the first beneficiary of the NBL's new Next Stars program, which offers a professional option immediately out of secondary school to Americans (who are currently barred from the NBA draft until one year after graduation), as well as Australians and New Zealanders considering U.S. college basketball.

The 2022–23 season saw the Kings retain a large portion of their local talent but enlist a new import trio from the likes of Derrick Walton, Justin Simon and Tim Soares.

After the club went into voluntary administration following the 2001–02 season and was then purchased by a new investment group, the franchise decided to move back to the Entertainment Centre in 2002, citing falling attendances and the high cost of playing their games at the NBA-size venue.

The Kings moved back to Homebush Bay midway through the 2015–16 season due to the SEC being demolished to make way for an apartment complex and convention centre.

During the regular season, the Kings curtained off the upper deck of the Qudos Bank Arena (depending on ticket demand), leaving capacity at approximately 9,000.

A major drawcard for the game was future NBA star and social media icon LaMelo Ball playing for the Hawks.

To appear in this section a player must have either: On 10 October 2013, the Sydney Kings announced their best team from the first 25 years of the club at their 2013–14 season launch at the Australian Museum.