Independiente's basketball team gained recognition in the 1990s, having won 1 national title (during the 1994-95 season) and reaching the finals 3 times. Some of the team's notable players of those years in the first division were a young Andrés Nocioni, along with veterans Miguel Cortijo and Hernán Montenegro. But the high costs that required a professional basketball team playing at the highest level, originated some financial problems to the club, which finally decided to disaffiliate from the Liga Nacional.[2]
As a result, professional basketball was dissolved. Nowadays the club hosts the practise of basketball only as an amateur activity, mainly focused on children.[2]