2007 State Basketball Champs!

James Naismith, a Canadian physical education instructor, invented basketball in 1891. Naismith  was born in Ontario and educated at McGill University and Presbyterian College in Montreal. He was the physical education teacher at McGill University (1887 to 1890) and at Springfield College in Springfield, Massachusetts (1890 to 1895). At Springfield College (which was then the Y.M.C.A. training school), Naismith, under the direction of American phys-ed specialist Luther Halsey Gulick, invented the indoor sport of basketball.

The first formal rules were devised in 1892. Initially, players dribbled a soccer ball up and down a court of unspecified dimensions. Points were earned by landing the ball in a peach basket. Iron hoops and a hammock-style basket were introduced in 1893. Another decade passed, however, before the innovation of open-ended nets put an end to the practice of manually retrieving the ball from the basket each time a goal was scored.

In 1959, James Naismith was inducted into the Basketball Hall of Fame (called the Naismith Memorial Hall of Fame.)

Source: http://inventors.about.com/library/inventors/blbasketball.htm