The Hamar men's basketball team, commonly known as Hamar, is the men's basketball department of Íþróttafélagið Hamar. It was founded on 10 September 1992.
Hamar first fielded a men's team during the 1993–1994 season when it participated in 2. deild karla. After three seasons in the 2. deild, Hamar won the league in 1997 and was promoted to 1. deild karla. During its first season in 1. deild, the team finished 5th in the league. During the summer, Hamar hired former Icelandic international player Pétur Ingvarsson as its player-coach. Behind his and star player Oleg Krijanovskij play, Hamar finished fourth in the league and made it to the playoffs. In the semi-finals, Hamar defeated Þór Þorlákshöfn 2-1 and advanced to the finals where it faced former Úrvalsdeild powerhouse Íþróttafélag Reykjavíkur. After losing the first game, 102–90, Hamar went on a won the next two for the 1. deild championship and promotion to the top-tier Úrvalsdeild karla.
In April 2023, Hamar achieved promotion to the Úrvalsdeild after defeating Skallagrímur 3–2 in the 1. deild promotion playoffs.