Finally , in 1965 , FIBA received a US $1,000 donation and commissioned a trophy .
As early as the first tournament in 1950 , FIBA had decided to name the trophy in honor of Naismith , but did not have the funds to create the trophy .
In 1965 , FIBA received a US $1,000 donation and commissioned a trophy .
As early as the first tournament in 1950 , FIBA had decided to name the trophy in honor of Naismith , but did not have the funds to create the trophy .