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The competition has taken place five times so far (2007, 2009, 2011, 2013, 2015), just before the FIBA Americas Championship. So far the senior men's national teams from Puerto Rico, Brazil, Canada, Dominican Republic and Argentina have competed at the tournament. Brazil has come out the winner of the tournament three times (2007, 2009, 2011), with Puerto Rico winning the 2013 edition. Canada is the current champion by winning the 2015 edition.
The final day of competition at the 2015 edition was cancelled due to the weather conditions and the imminent passage of Tropical Storm Erika through Puerto Rico. This resulted in the final two games of the tournament between Dominican Republic–Brazil and Argentina–Puerto Rico to not be played. This meant the only team of the five to play all four of their games was Canada, but since they had already collected 8 points behind a 4–0 record, they already secured first place, thus resulting in Canada being named champions of the 2015 edition.