The Los Angeles Lakers are a NBA team based in Los Angeles, California. The Lakers play their home games at Staples Center, which they share with their local NBA rival, the Los Angeles Clippers. The Lakers are the reigning NBA champions after defeating the Boston Celtics in the 2010 NBA Finals 4–3. The Finals victory gave the franchise their 16th championship, placing them second in NBA history behind the Celtics' 17. As of 2011, the Lakers are the second most valuable NBA franchise according to Forbes, having an estimated value of $643 million.