Net From Willis Reed's Miraculous 1970 NBA Finals Game 7 Comeback Up For Auction

The basketball net from one of the most legendary sporting events ever -- Willis Reed's miraculous comeback in Game 7 of the 1970 NBA Finals -- is up for auction!!!

The backstory ... Red Holzman's NY Knicks -- who had a great 60-22 season -- were favored to beat the L.A. Lakers in the Finals. However, the Knicks championship aspirations appeared to sustain a death blow when superstar Willis Reed tore his thigh muscle in Game 5.

Knotted up at 3 games each, no one expected Reed to play in the decisive 7th game. Somehow, he did ... limping onto the Madison Square Garden hardwood to a roaring ovation.

Reed scored the game's first 2 baskets ... and played lockdown defense on Wilt Chamberlain.

The Knicks won the game 113-99 ... and were NBA champions for the first time.

After the game, the net from one of the hoops was presented to Holzman ... and the Hall of Fame coach kept them until his death in 1998.

After he passed away, Red's family held the net until now ... when they put the historic piece of memorabilia up for auction at SCP Auctions.

Now, it can be yours, hoop fans ... bidding ends Saturday afternoon.