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The team was founded in 1997 and is one of the eight original franchises of the league. The team is owned by Joe Tsai, the majority owner of the Brooklyn Nets. The team's home games are played at Barclays Center.
The Liberty have qualified for the WNBA Playoffs in fifteen of its twenty-four years. The franchise has been home to many well-known players such as Teresa Weatherspoon, Rebecca Lobo, Becky Hammon, Leilani Mitchell, Essence Carson, Cappie Pondexter, Tina Charles, and the team's first-ever No.1 overall Draft pick Sabrina Ionescu. The Liberty have three conference championships and have played in the WNBA Finals four times, falling to the Houston Comets in 1997, 1999, and 2000, and losing to the Los Angeles Sparks in 2002. They have the most appearances in the WNBA Finals without a championship.