Phil Knight inducted to Naismith Memorial basketball Hall of Fame
NIKE, Inc. co-founder and chairman Philip H. Knight was honored for his many contributions to the game of basketball when he was inducted into the Naismith Memorial Basketball Hall of Fame Friday night, Sept. 7, in Springfield, Mass. He was introduced by Nike athlete and 2009 Hall of Fame inductee Michael Jordan.
The Naismith Memorial Basketball Hall of Fame is working to restructure its debt and bring in more revenue, as tourism boosters hope news of the hall's cash troubles don't keep tourists away during the all-important summer season.