How Much Is An NBA Championship Ring Worth? The Truth Revealed
The NBA championship ring is the most valuable certification for an NBA team’s victory. Of course, its value will be very high. Have you ever wondered How Much is an NBA Championship Ring Worth?
As you dig deeper into this, you’ll learn many interesting facts about the tournament that we haven’t noticed before. Let’s dig deep and learn about them with Scott Fujita in this article!
How Much Is An NBA Championship Ring Worth
It isn’t very effortless to value NBA championship rings because they depend on many factors. However, their average price in the market will fall in the range of $15,000 to $20,000.
View more: Who has the most rings in the NBA
However, if you want to value an NBA championship ring accurately, you will have to consider many aspects. All of those things will contribute to the cost of the ring.
How much does an NBA championship ring cost? The NBA championship ring worth a fortune
1. The Definition of NBA Championship Rings
Championship rings, as known as Premiership rings, are the tournament’s most prestigious award. The winning team will receive this award. Generously, all team members, including staff, will have their own NBA rings.
The beginning of this practice was in the NBA’s first championship league in 1947. Since this season, they have rewarded every NBA tournament with championship rings. It will replace the medal, which is often found in other sports tournaments.
2. The Materials of NBA Championship Rings
Usually, people will use silver and gold to make championship rings. There are a total of 460 precious stones and diamonds inlaid on each NBA championship ring. The most significant center section usually shows the logo of the winning team of the season.
Just looking at the number of gems that the artisans used, we have seen how high an NBA championship ring value is. The artist behind these masterpieces is Jason Arasheben. He is a famous jeweler around the world. Since 2009, Jason Arasheben has been in charge of creating the championship rings we see today.
How To Determine The Value of NBA Championship Rings
Each championship ring is the work of artisans. In addition, they are a testament to the efforts and breakthroughs of the whole team in the tournament. So, if just talking about the material element will not be enough, we must mention the spiritual component.
It is what makes the difference in the cost of each NBA championship ring. Depending on the winning team, as well as the players in possession, we will determine their value.
Legendary player Michael Jordan will have more valuable championship rings.
1. The Team
The championship team’s performance in the tournament is one of the factors that determine the cost of NBA rings. If you choose a ring from a team that has made its mark in history, its value will be much higher.
A few legendary teams that you can refer to are:
- Boston Celtics (1986).
- Lakers (1987 and 2001).
- Chicago Bulls (1996).
The teams mentioned above have been in excellent form in the year in which they participated. Fans love them for that. So a lot of people are willing to pay a very high price for these NBA championship rings.
2. The Player
The popularity of a basketball player also tells us how much an NBA ring is worth. Surely Michael Jordan’s ring will be worth a lot more than the average NBA player.
The Chicago Bulls defeated the Phoenix Suns at the 1993 NBA finals 4-2. It was the third win in the row from 1991 to 1993, which increased the value of the NBA champion ring.
For Michael Jordan, this is a victory after he announced his retirement, so it becomes even more critical. So this NBA championship ring costs a fortune. Its value falls in the range of $29,923 in the market.
Another example is Kobe Bryant. In honor of his dedication to the Lakers, they crafted a $150,000 ring. People considered this ring as one of the most expensive NBA rings in NBA history on the market.
3. The History
There are matches that have gone deep into the hearts of fans. Tense or satisfying matches that have made their mark over time will have a very high moral value. And these will affect the NBA champion rings’ cost.
A prime example is the historic victory of the Houston Rockets over the Orlando Magic in 1994-1995. In this match, Hakeem Olajuwon showed a great performance. Not only did he score beautiful goals, but he also contributed a lot of assists. That’s why they had a convincing NBA championship.
Naturally, the rings of this period are very expensive. And if you’re lucky enough to own the NBA championship ring, congratulations. It’s a mini bank!
Fun Facts About NBA Championship Ring Price
The biggest championship ring belongs to the 2019 Raptors.
1. What Is The Biggest NBA Championship Ring In History?
The Raptors’ 2019 championship ring is the largest ring in NBA history. The amount that the team has to pay for each ring is $100,000 – a vast number. The iconic image on the ring is the Larry O’Brien trophy, accompanied by the iconic CN Tower against the Toronto Skyline background.
During the 2019 Raptors season, they accented the rings with hand-cut baguette-shaped diamonds. Moreover, the ring also has the logo of the jersey. Each ring has 640 gems. The back has 74 diamonds representing the number of wins for the Canadian franchise during the 2018-19 NBA season.
2. Which NBA Teams Have Won The Most Championship Rings?
How much is an NBA ring worth?
With 17 championship titles, the Celtics have written them down in history. This legendary team displayed an unbeatable strength between the 1950s and 1960s. So far, they are still a formidable team in the league.
Los Angeles Lakers
Before they got this name, we called them the Minneapolis Lakers. The LA Lakers are also a monster in the NBA seasons. They also won 17 titles for themselves. They have victories that stretch from year to year, right up to now.
Lakers luminary LeBron James is one of the all-time greats. He has won the MVP title of the tournament for 4 consecutive years in his career.
Golden State Warriors and Chicago Bulls
Both teams are holding 6 titles for themselves. This is a very positive achievement.
The Bulls era was in the years 1991-1993 and 1996-1998. This is the time when they show their invincible strength.
As for the Warriors, they’ve been the rising star in recent years. They have won 3 titles in just the last 5 years. This is a very remarkable achievement.
3. Which Player Has The Most Championship Rings?
Bill Russell as the player with the most championship rings in the history.
The player with the most champion rings is Bill Russell with 11 rings. He won them during his years with the Celtics. And of course it won’t be too strange that he is at the top of this list.
Several other players on the team also have roughly the same number of rings as Bill. And one of them is number 2 on this list. That’s Sam Jones. Sam Jones was by Bill’s side during 10 of his 11 championship wins.
The last one was Robert Horry with the achievement of a total 7 rings during his career. These rings belong to his victories at many different teams.
So How much is a nba championship ring worth? NBA champion rings cost? There really isn’t a single correct answer. We need to understand the factors that affect the value of the ring so that we can evaluate it objectively. History of ownership factors will significantly affect the value of each championship ring. So, do your research and research carefully.