Bryant reaches settlement with Goldin Auctions

The Sports Xchange
The SportsXchange

Los Angeles Lakers star Kobe Bryant reached a settlement with his parents, who tried to auction off several memorabilia items from earlier in his career.
The settlement included an apology from his parents and allows less than 10 percent of the items to be sold.
Bryant and Goldin Auctions were scheduled to go to trial next week in New Jersey. Instead, the two sides agreed that six of the items could be auctioned. Bryant's parents, Joe and Pamela, had contracted with Goldin to auction the items.
Bryant filed a lawsuit in May when he found out about the deal. Goldin countersued, claiming that Pamela Bryant rightfully owned the items and that the company had already advanced $450,000 to her so she could buy a new home.
Goldin Auctions president Ken Goldin told on Monday that he believes the six items can sell for at least $500,000.
Bryant's parents apologized through a written statement.
"We regret our actions and statements related to the Kobe Bryant auction memorabilia," the Bryants said. "We apologize for any misunderstanding and unintended pain we have caused our son and appreciate the financial support he has provided over the years. We also apologize to Goldin Auctions for their inadvertent involvement in this matter and thank them for their assistance."
Kobe Bryant said he would not comment on the settlement.
Items to be auctioned include two of Bryant's high school uniforms and two 2000 NBA championship rings.
The bidding starts June 17 and ends July 19.

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