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NBA Legend Dr. J Selling Off Championship Rings

10/26/2011 6:00 AM PDT

NBA Legend Dr. J -- Selling Off Championship Rings

If you've dreamed of wearing an NBA championship ring but can't hit a 3, you're in luck ... because Julius "Dr. J" Erving is putting his on the auction block ... along with a TON of other stuff from his playing days.

The Philadelphia 76ers legend is parting with everything from his 1980-81 NBA MVP trophy ... to his high school class ring ... and even authentic game-used jerseys in an Internet auction that goes live on Friday.

Bidding on the doc's 1983 NBA Championship ring starts at $25k ... with portions of the proceeds benefiting the Salvation Army. 

The timing of the auction is interesting ... because the NBA legend was sued by a Georgia bank earlier this month for not paying back a $200k loan.

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