The 58-year-old Eruzione, now a motivational speaker, is also auctioning the blue jersey he wore in the gold-medal game against Finland. That's estimated at $200,000.
No word on why he's auctioning the items.
When the NFL owners meet in Dallas on Wednesday, they are expected to address an issue they've already voted on: Requiring all players to wear thigh and knee pads next season.
Representatives from Nike and Under Armour will be present to show off the new pads, which are expected to look as good as they feel.
"For some players, they need to pass the mirror test," Ray Anderson, the NFL's executive vice president of football operations, told Fox Sports. "They like to look good, look sleek. They want to move unencumbered. It was important for us to address the performance and the aesthetics of the new pads."
Wonder what Chuck Bednarik thinks about the "aesthetics" of knee pads?
According to Fox Sports, a 2010 survey showed that only 30 percent of players wear the pads, with linebackers, wide receivers, defensive linemen and d-backs the least likely to do so.
"For over a year we have been getting input, including from players, on what the padding will be like," Anderson said. "But starting in 2013, thigh and knee pads will be required, like they were before 1994."