Julius Erving, Philadelphia 76ers

You Gotta Pray For Dr. J, Auctions Memorabilia for $3.5 Million

Julius Erving, Philadelphia 76ers
Personally, I’ve always found it hard to see the people I revere most fall on hard times. They are legends in my mind and, heaven forbid, I see them fall on hard times like any other human being on earth. Like kids my age would lower the rim to try to soar like MJ on basketball goals, old men in their heyday would try to do the same for Dr. J. Now, the only thing Erving needs is his bills lowered.

Former New York Nets and Philadelphia 76ers star, Julius Erving, pulled in a record $3.5 million for 144 items from his personal collection of memorabilia. The auction occurred following reports that Doc was broke and took out a $1 million loan. Although he was able to pay back a majority of the loan, he still owes more than $200,000. Here are a few of the items that Erving had auctioned:

  • Erving’s 1974 New York Nets ABA championship ring netted $460,471, a record for a sports ring.
  • His 1983 76ers championship ring: $244,240.
  • His 1983 All-Star game MVP trophy: $115,242.
  • The jersey he wore in his final NBA game, a Game 5 loss to Milwaukee in the first round of the 1987 playoffs: $88,826.
  • Sixers reversible practice jersey: $5,522.
  • 1978 All-Star ring: $238,853.
  • Game ball used to score his 25,000th career point: $92,086.
  • His graduation tassel from the University of Massachusetts: $640.
  • His 1968 class ring from Roosevelt (N.Y.) High: $35,801.
  • Basketball signed by 14 members of the Sixers 1983 championship team: $11,262.
  • His playbook from the 1976-77 season: $16,980.

Along with Dr. J’s priceless collection, a few other cool items hit the market and sold during SCP Auctions’ November auction. Including:

  • A game-worn Ted Williams Boston Red Sox road jersey: $77,820.
  • The bat Lou Gehrig used to hit his last home run in a Yankees uniform: $403,664.
  • The trunks Muhammad Ali wore in his loss to Joe Frazier in the “Fight of the Century” at Madison Square Garden in March 1971: $173,102.
  • Sneakers worn by Bulls Hall of Famer Dennis Rodman during the 1996 NBA Finals against Seattle: $2,257.
  • A $35 check signed by the late Mickey Cochrane, who starred for the Philadelphia A’s, from 1925-33: $238. Mickey signed his full name: Gordon S. Cochrane.

Dr. J told the AP last month he planned to donate a portion of the auction proceeds to the Salvation Army. Hey Doc, let me hold $20…please?

Full Story: Philly.com

8 Replies to “You Gotta Pray For Dr. J, Auctions Memorabilia for $3.5 Million”

  1. I find it sad to hear the same thing. But it’s hardly new. We all know all the statistics about athletes losing all the millions they’ve earned in their careers, whether it be total lack of responsibility, bad investments, whatever. I wouldn’t have thought Doc would be a guy who would fall into these traps, because he’s always seemed supremely intelligent and calculating, but you just never know. Though not really news news. Been going on for a while here now.

    Hopefully he gets his financial troubles behind him and moves on. All he needs to do is move back to Philadelphia. He’ll never have to pay for anything here the rest of his life.

  2. Doc knows what he did and those accomplishments are everlasting. Why should he take these items to the grave? This represents another revenue stream that he earned with his inspiring and astonishing play. He never got to earn anywhere close to what players make today so I’m happy that he has a way to cash in on today’s dollars. This is a great opportunity for him to set himself and his family up on a solid financial base. Good luck to him.

    1. We all need money to live, and we can’t take those things with us to to the grave so I’m not mad at Doc. What is crazy is HOW MUCH folks were willing to pay for his stuff, which is a testament to how much folks still revere Dr. J and for what he’s done in his past.

  3. Chuck Chillout aka @CoolBlack06 aka The Franchise #MoneyTeam aka Claude Thibadeaux [of French Guyana] aka The M.I.L.F. Whisperer aka The 5th Horseman [WHOOOOOOOO!] says:

    “Why did Dr. J shave his beard, and moustache…?” – Mos Def #TheQuestions

  4. I think I am lost here….

    1) The auction occurred following reports that Doc was broke and took out a $1 million loan.

    2) Although he was able to pay back a majority of the loan, he still owes more than $200,000

    3) Dr. J told the AP last month he planned to donate a portion of the auction proceeds to the Salvation Army.

    Unless I missed something, this doesn’t make sense? Am I alone in thinking this?

    1. @Kev – He still owed the $200K prior to the auction, and after selling my understanding is that he’d give a portion to the Salvation Army. Seems odd to hear someone needing money to then give some of it back to charity. Definitely a bit strange.

  5. Personally I dont see that as being strange because the spirit of charity should always be in you whether you have $5 or $5 million. He recognized how blessed he was to have people willing to spend that much on his items so why not help others who are less fortunate with the over-flow that he obtained… The key is making sure we dont hear about him going through this type of money slump again, if we do THEN its a problem.

    *update* hold up what was the interest rate on that loan… if he made $3.5mil on the items had a $1million loan and only paid MOST of it why didnt he pay ALL of it… something doesnt sound right.

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