SPRINGFIELD, MA—The Basketball Hall of Fame announced Monday that All-Star power forward and Los Angeles Lakers legend Karl Malone will be inducted into its hallowed halls this August. "It's an honor, it really is," said "The Mailman," whose well-documented tandem with all-time Laker great Gary Payton helped lead the team all the way to the Finals in 2004. "I never could have done this without my teammates." Malone, who averaged 13.2 points during his legendary run with the Lakers, heads a Hall of Fame class that also includes Portland Trail Blazers star Scottie Pippen.