Since their founding in 1994, they have played their home games at Centennial Field, one of the oldest minor league stadiums, on the campus of the University of Vermont.

Minor League Baseball gives clubs 60 days after the end of the season to change their names and logos.

During the 2005 season, the club announced its plan to change the nickname and solicited suggestions from its fans.

The New York Times reported that the two leading contenders were "Green Mountain Boys" and "Lakemonsters".

[6] At the end of the contest, the winning name was "Champs", but as the team had not made the playoffs at that point since 1996, management did not think it was appropriate.

[6] While the club changed its name to the "Lake Monsters" in 2006, the organization held its second "tribute to the Expos".

On August 5, 2007, the Lake Monsters honored the Expos again and brought Tim Wallach to Burlington.

[9] Following the 2010 season, the Lake Monsters ended their affiliation with the Nationals and entered into a new player development contract (a working relationship between Major and Minor League teams) with the Oakland Athletics.