Bernard King was inducted into the Basketball Hall of Fame last year. It was a long time coming for one of the best pure scorers in league history. As a member of the Knicks, King won the scoring title in 1985, and finished his career with an average of 22.5 points per game.

When the Knicks acquired Carmelo Anthony, many people saw him as the modern day version of King, with his ability to score the basketball in so many different ways. Ironically, King held the record for most points scored by a New York Knick at Madison Square Garden with 60 points, until Anthony broke it this season with a 62-point performance against the Charlotte Bobcats. Even more ironically, King criticized Anthony last year for not playing a team game. Just a year after his long-awaited induction into the Hall of Fame, King is looking to cash in.

On Thursday, King will be auctioning off his induction ring and Hall of Fame trophy at Nate D. Sanders auction house in Los Angeles. The initial bids are $40,000 for the ring and $32,500 for the trophy. In order to get his cash right away, King sold the items directly to the auction house instead of putting it up for consignment. The auction house has confirmed that they’ve already paid King upfront for the two items.

Whether King simply doesn’t see the value in the Hall of Fame memorabilia, or if he needs a quick infusion of cash, remains to be seen.

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