The first Boxing Hall Of Fame was sponsored by Ring Magazine and located for decades at the offices of the Madison Square Garden in New York.
However, in 1990, as a consequence of an initiative by Ed Brophy to honor Canastota's world boxing champions, Carmen Basilio and Basilio's nephew, Billy Backus, the city of Canastota inaugurated the new museum, which showcases boxing's rich history.
There are ceremonies conducted every year to honor the inductees and the ceremonies are attended by many former world boxing champions, boxing celebrities and Hollywood celebrities each year.
Professional boxerss have to wait 5 years after retirement to be eligible for election into the Hall of Fame.
The hall of fame's roster includes: