Ricky Williams' Heisman Trophy to be auctioned off, could fetch $500K

NEW YORK, NY - DECEMBER 12: Texas tailback Ricky Williams, winner of the 1998 Heisman trophy, poses with US college football's highest honor 12 December at the Downtown Athletic Club in New York. Williams ran for 2,124 yards and broke Tony Dorsett's 22-year-old record career rushing record as he led the Longhorns to an 8-3 record and a trip to the Cotton Bowl on 01 January 1999.
ADAM NADEL / AFP / Getty

Another Heisman Trophy is hitting the auction block.

The 1998 Heisman awarded to former Texas running back Ricky Williams will be auctioned off in October, and it could set a record price, according to Action Network's Darren Rovell.

The current record for a Heisman sold at auction is $435,763, which someone paid in December for Tim Brown's 1987 trophy.

As Rovell notes, Heisman winners have been required since 1999 to sign a waiver forbidding them from selling the trophy.

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