Rose item fails to sell at auction

Pete Rose's copy of the document that banned him from baseball did not sell at an auction by Saturday's deadline because it did not meet the minimum bid requirement.

The document, signed by Rose, then-commissioner A. Bart Giamatti and deputy commissioner Fay Vincent, received bids up to $255,377, including a 10 percent buyer's premium.

Bidding began on Oct. 16.

Ken Goldin of Goldin Auctions told ESPN.com that the item did not meet the reserve price, which was not revealed.

Goldin said he thought the original five-page item was the most important document in baseball history, but still failed to sell.

In the document, signed on Aug. 23, 1989, Rose does not admit to gambling on baseball. It made him ineligible for the Hall of Fame and for work in Major League Baseball.

Rose admitted in his 2004 autobiography, "My Prison Without Bars," that he did bet on baseball while he managed the Cincinnati Reds.