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Bob Knight auctioning rings, medal

Updated: October 15, 2012, 8:37 PM ET
Associated Press

NEW YORK -- Hall of Famer Bob Knight is selling his championship basketball rings and Olympic gold medal for what he considers a very good reason: the education of his grandchildren.

A collection of the former coach's memorabilia will be auctioned by Steiner Sports Memorabilia. It's part of a sale that features the jersey Yankees pitcher Don Larsen wore while pitching a perfect game in the World Series.

"John Havlicek and I were just talking one day about all the stuff we had accumulated ...

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