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Kareem Abdul-Jabbar is auctioning off four of his six title rings; will give proceeds to charity for kids

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His Skyhook Foundation seeks to give STEM opportunities to underprivileged communities.

Jerry Cooke/Corbis via Getty Images

Basketball legend Kareem Abdul-Jabbar has announce that he's putting four of the six championship rings he earned during his NBA career up for auction, but he says he won't keep any of the money he earns from their sale.

What's the story?

Abdul-Jabbar, 71, insists that this has nothing to do with any financial difficulties. Instead, he said that he wants to donate all of the proceeds from the auction to the Skyhook Foundation, a charity he runs that tries to bring "educational STEM [science, technology, engineering, and math] opportunities to underserved communities."

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