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Asking price for 1891 draft of hoops rules: $10 million

Updated: December 21, 2005, 7:12 PM ET
Associated Press

KANSAS CITY, Mo. -- The original rules of basketball are for sale -- for about $10 million.

The rules drafted by Dr. James Naismith, the man who invented the game in 1891, are being sold by his family.

Ian Naismith, the grandson of the man who came up with the idea for the game while working at a YMCA in Springfield, Mass., says the asking price is $10 million, or less under the right circumstances.

The family's Naismith International Basketball Foundation owns ...

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