Los Angeles Lakers player Ron Artest talks about how it felt to give away his championship ring on Saturday, Dec. 25, 2010. L.A. Lakers forward Ron Artest describes what embarrasses him after their loss against the Miami Heat on Saturday.

Los Angeles Lakers player Ron Artest has auctioned off his one and only National Basketball Association championship ring.

Artest announced the winner of his charity raffle Saturday night after the game. The ring went to Raymond Mikkael, a father of four from Hawthorne.

The proceeds will benefit mental health awareness and treatment for children, a cause close to Artest's heart.

Artest estimated that he raised well over $500,000 for his charity and said he has no regrets about giving away his ring.

In fact, he said it just encourages him to go out and get another one.

"It was emotional getting rid of the ring, though. It seems easier. And when it gets closer, it's like 'oh my goodness, I'm giving the ring to this guy I don't even know. I just met him today.' But he's a good guy too," said Artest.

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los angeles lakers, charity, celebrity, nba
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