Hall of Famer Bob Knight is selling his NCAA basketball championship rings and Olympic gold medal via auction to pay for his grandchildren's education.
“John Havlicek and I were just talking one day about all the stuff we had accumulated over the years,” Knight told the Associated Press. Havlicek, who had a Hall of Fame career with the Boston Celtics, and Knight were teammates at Ohio State. “As we talked we decided the money could be very useful to put our grandchildren through college.”
The auction, run by Steiner Sports Memorabilia runs through Dec. 5 and will feature Knight's rings from his three NCAA championships when he was coaching at Indiana — the undefeated 1976 season, 1981 and 1987 — and the gold medal he won as coach of the U.S. Olympic team in 1984.
“Sports people are nuts,” Knight said. “Look at how much they would they pay for Babe Ruth's cap or Honus Wagner's card. I guess these are people who want to own things, things that are the results of what someone else did in sports. I was very pleased there was a market for something like this that my grandkids — I have two grandsons — and my wife has a niece and nephew, who would get good use out of this.”