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The sport of boxing has two internationally recognized boxing halls of fame; the International Boxing Hall of Fame (IBHOF) and the World Boxing Hall of Fame (WBHF), with the IBHOF being the more widely recognized boxing hall of fame.
The WBHF was founded by Everett L. Sanders in 1980. Since its inception the WBHOF has never had a permanent location or museum, which has allowed the more recent IBHOF to garner more publicity and prestige. Among the notable names in the WBHF are Ricardo "Finito" Lopez, Gabriel "Flash" Elorde, Michael Carbajal, Khaosai Galaxy, Henry Armstrong, Jack Johnson, Roberto Durán, George Foreman, Ceferino Garcia,and Salvador Sanchez. Boxing's International Hall of Fame was inspired by a tribute an American town held for two local heroes in 1982. The town, Canastota, New York, (which is about 15 miles (24 km) east of Syracuse, via the New York State Thruway), honored former worldwelterweight/middleweight champion Carmen Basilio and his nephew, former world welterweight champion Billy Backus. The people of Canastota raised money for the tribute which inspired the idea of creating an official, annual hall of fame for notable boxers.
The International Boxing Hall of Fame opened in Canastota in 1989. The first inductees in 1990 included Jack Johnson, Benny Leonard, Jack Dempsey, Henry Armstrong, Sugar Ray Robinson, Archie Moore, and Muhammad Ali. Other world-class figures include Salvador Sanchez, Roberto "Manos de Piedra" Durán, Ricardo Lopez, Gabriel "Flash" Elorde,Vicente Saldivar, Ismael Laguna, Eusebio Pedroza, Carlos Monzón, Azumah Nelson, Rocky Marciano, Pipino Cuevas and Ken Buchanan. The Hall of Fame's induction ceremony is held every June as part of a four-day event.
The fans who come to Canastota for the Induction Weekend are treated to a number of events, including scheduled autograph sessions, boxing exhibitions, a parade featuring past and present inductees, and the induction ceremony itself