The dream of every player who comes to the NBA is to become a champion and to one day find a very valuable championship ring on his hand. It is not easy to get to that ring because the team that wants to win the championship title plays almost 100 games in a season, which is really an unreal number of games, but it is really worth fighting for such an achievement.
When, after so many fights, one such valuable ring shines on your finger, the feeling is truly extraordinary.
Who won most championship rings
As for the history of the NBA, the most championship rings were won by Bill Russell, one of the best centers in the history of this league, who won all the championship rings with one team, the Boston Celtics. The Celtics were dominant during the 1960s and 1970s, so most players from that generation are also the players with the most NBA championship rings.
After that generation, the Chicago Bulls were especially dominant, led by one of the best in the history of this sport, Michael Jordan, who won six championship rings. LeBron James is an active player with the most championship rings as he has been an NBA champion with three different teams four times in his career so far. The NBA ring is a memory that will last a lifetime, but in addition to the sentimental ring, it also has enormous material value.
How much does NBA Championship ring cost really?
When it comes to the monetary value of the NBA championship ring, it varies from year to year, and its value is influenced by many factors. Generally, market prices range from 15 to 20 thousand dollars.
Of course, that money is very small compared to the earnings most players have in the NBA.
We all know that the contracts in the NBA are huge and that players earn several hundred million dollars in a few seasons, so for them, this ring has a huge sentimental value because it is a memory of the great effort invested to win the championship. For an ordinary person, on the other hand, the mentioned amount of money is really huge.
The mentioned figure is completely justified because the ring looks really divine and enchants the one who holds it on his finger. All members of the champion team receive the championship ring. The ring is awarded to players, coaches and all staff.
As for the awarding of NBA championship rings, this practice started back in 1947, and since then, every winning team has received a championship ring at the end of the last playoff game.
Some players keep the ring, and some of them sell the rings at charity auctions to help those in dire need. The championship ring itself is a substitute for medals awarded to champion teams in other parts of the world and when competitions are held in which national teams participate.
Certainly, awarding rings is much more practical than awarding medals. The rings are mostly made of gold and silver, and in addition the rings contain a huge number of stones and diamonds. It is estimated that each championship ring has over 450 stones and diamonds, which makes it very luxurious and precious. What is important is that in the center of the ring is the logo of the franchise that won the championship that season.
Whichever team wins the championship ring, this recognition always looks fantastic.
Who created NBA Ring?
An artist who has been creating championship rings for more than a decade is in charge of that masterpiece.
His name is Jason Arasheban and back in 2009 he created championship rings for the team that eventually celebrated in the grand final of the NBA playoffs.
Arasheban is one of the most famous jewelers in the world so it should come as no surprise that the NBA opted for him as the creator of these beautiful rings. We mentioned that the material value of this ring is not very important for the player, but much more spiritual value.
This ring is not worth the same for every player. Certainly, players who played for 40 minutes or players who played for several minutes will not feel the same way.
Value of a NBA Champion
For the latter, this ring will probably have a much higher value because they have achieved their big dreams. Unfortunately, not much is said about these players, so it is often forgotten that they won the championship ring because everyone paid attention to Michael Jordan, Kobe Bryant or Lebron James.
Of course, one should be honest that players with little minutes in the teams they played for would never have won those achievements if it weren’t for those players.
Some of them simply find themselves in the right place at the right time and neither guilty nor obliged to win the championship ring, which will remind them more of the players they played with than of their contribution that season. When we talk about the value of the ring in the material sense, a lot depends on which franchise won the championship title, i.e. which players play for that team.
Value of Jordan Ring
Of course the ring worn by Michael Jordan or some other players has tremendous material value and today these rings could be sold for incredible sums of money.
Almost certainly today, the rings won by the Chicago Bulls generation led by the aforementioned Jordan or the trophy generation of the Boston Celtics and Los Angeles Lakers, which are the two most trophy franchises in NBA history, would be most valuable. Fans of these clubs would probably give all the money in the world to have such a valuable souvenir in their display case. The ring worn by an average player has immense value for him, but it probably wouldn’t be sold on the market at a great price. Of course, everyone would rather buy a ring worn by Michael Jordan, or some other basketball legend, and not some average player who had a miserable role in winning the title.
Reportedly, the championship ring that Michael Jordan won before his first withdrawal was worth almost $ 30,000.
Value of Kobe Bryant Ring
When you hear how much the ring that was once won by the tragically deceased Kobe Bryant was worth, you will probably faint. Namely, the championship ring worn by Bryant reached a value of $ 150,000 and is considered one of the most expensive championship rings in the history of the league.
The value of the ring will also depend on the historical component, i.e. how good a certain player was at the end of the season. There is no need to waste words on the mentioned Jordan and it is clear that each of his championship rings would be sold for a huge amount of money, but that is certainly not the case with some other players.
If a certain team made a historic victory like the Houston Rockets did in the final against the Orlando Magic just in the period when Jordan did not play for the Chicago Bulls, then the ring of their then leader Hakeem Olajuwon will be worth a lot. That ring could easily reach a value of one million dollars today, and probably even more.
Olajuwon then destroyed the Magic with over 32 points and 11 rebounds on average per game. The excitement of the match is certainly something that further affects the value of the championship ring. The largest ring in NBA history is the Toronto Raptors’ championship ring that defeated Golden State in the 2019 final. Each of the rings was worth one hundred thousand dollars. Each ring had almost 650 gems and 74 diamonds, which symbolized the number of victories that the Raptors achieved in that championship season.
The value of the ring should not be surprising, because the Raptors became champions for the first time in history that year, which certainly added value to the rings themselves.
Cost of other NBA Rings
Some of the championship rings were sold for truly incredible sums of money. The championship ring that Ron Artest won with the Lakers in 2010 was sold at auction for $ 500,000. Julius Erving was the leader and best player of the New York Knicks with whom he won the championship ring in 1974. That ring he won that year sold for $ 460,000. Kareem Abdul Jabbar won six championship rings during his long career and four of those six rings were sold for a total of almost $ 3 million. The money was donated by Jabbar to charity to help homeless children, and the most valuable ring is from 1987, which sold for just under 400,000.
The rings he won in 1980 and 1985 sold for “only” $ 245,000. As we mentioned at the beginning, Bill Russell is the man who won the most NBA rings. He was the leader of one of the most trophy-winning franchises in the history of the league. Russell won 11 championship rings while his Celtics won a total of 17 titles in history. An equal number of titles go to the Los Angeles Lakers, led today by Lebron James who is currently the most trophy-winning active player since winning four championship rings.