"Being in this building, is . . . is really unbelievable," said Colangelo, who was inducted as a contributor for 38 years of accomplishments in the NBA.  Mr. Colangelo started of as a scout and promotions manager and finished his career as an owner.

A true rags to riches story, Colangelo?s 40 years of service to the NBA, which included ownership of the Suns, was rewarded with his induction to the hall of fame with presenters like Wayne Embry, Bobby Knight, Connie Hawkins, and Pete Newell.  

"I'm thankful for being in a country where someone can rise from humble beginnings and become a success," he (Colangelo) said.