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Naismith original rules of basketball sell for $4.3 million

Dec 10, 2010, 8:12 PM EDT

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James Naismith needed a new indoor game for the children under his charge at a Massachusetts YMCA. He came up with a sport where a ball had to be thrown into peach baskets suspended 10 feet in the air.

For the sport, he came up with just 13 rules. No, one of them was not “LeBron James gets to take one extra step more than other players.”

Sotheby’s auctioned off the original typed up (by his secretary) 13 rules for $4.3 million on Friday, the Associated Press reports. It was purchased by David and Suzanne Booth, who intend to bring them to the University of Kansas — where Naismith went on to be a basketball coach.

We told you before they were for sale, and Ian Naismith told the AP the money was going to the Naismith Charity.

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