A championship ring from the Lakers 1999-2000 season, issued to the legendary Playboy founder, is on the auction block at SCP Auctions!

Hefner received the 14-karat yellow gold ring, designed to the exact specifications of the players' rings after the Lakers beat the Pacers in the NBA Finals.

The face of the ring is paved in real-brilliant cut diamonds and has the words "World Champions" and "Lakers" on it. The ring also has ten large diamonds on the front ... five appearing on each side.

The ring has Hugh's last name, "Hefner," on one side, along with the Lakers' regular season record (67-15) and playoff record (15-8) that season. There's also a large diamond in the center of a basketball with the words "Bling Bling." The year "2000" is also engraved.

The ring comes with the original Lakers presentation box -- which has "Hefner" engraved on it -- and a letter of authenticity (LOA) from Hugh's family.

Hefner, who was 91 when he died at the Playboy Mansion in 2017, regularly attended Lakers games throughout his life ... and was good friends with late Laker's owner Jerry Buss.

The Lakers title that season, which they won in large part due to the dynamic duo of Shaquille O'Neal and Kobe Bryant, was the franchise's first championship since Magic Johnson led the team to a title in 1988.

The Lakers mowed down their competition during the regular season and defeated Indiana in six games in the NBA Finals ... the first of back-to-back-to-back titles.