In contrast, Obama is designated a yearly salary of $400,000, and he reportedly made nearly $800,000 in 2011 due to additional earnings from investments and book royalties.
Dr. James Naismith was a Canadian physical education instructor who invented the game of basketball in 1891 while working at the YMCA Training School in Springfield, Massachusetts.
Originally invented as a way of keeping students busy during the cold winter months, basketball was invented by James Naismith in 1891. The first game was played by shooting a ball into a peach basket nailed to a railing, and the ball had to be retrieved with a long dowel after each successful shot.