Recently, basketball star Kareem Abdul-Jabbar has put up four championship rings for auction, along with many more valuables and memories from his time in the NBA. Most of the profit from the auction will go to going to his Skyhook Foundation, which helps educate kids in math, science, technology, and engineering.
The four of his six championship rings that he’s putting up for auction are his 1980, 1985, 1987, and 1988 championship rings. He received all four of those rings when he was playing for the Lakers. Some of the rings will start with a bid of $60,000. He will also be auctioning off uniforms, jerseys, and a signed ball from his last game in the NBA in 1998. Kareem made sure to note that he’s “on a solid financial path”, meaning he’s not auctioning those items to make money for himself, as mentioned earlier.
"Since my life is still happening and ever-evolving, I am less personally attached to those items than I am to my desire to create new history for myself and futures for others. Much of the proceeds from my auction will go to support my charity, the Skyhook Foundation, whose mission is to 'give kids a shot that can’t be blocked'," Kareem said, "So, when it comes to choosing between storing a championship ring or trophy in a room or providing kids with an opportunity to change their lives, the choice is pretty simple. Sell it all. Looking back on what I have done with my life, instead of gazing at the sparkle of jewels or gold plating celebrating something I did a long time ago, I’d rather look into the delighted face of a child holding their first caterpillar and think about what I might be doing for their future. That’s a history that has no price."