Published: Sep 30, 2010 10:00 PM EDT
Updated: Sep 30, 2010 7:00 PM EDT

ST. PETERSBURG, Fla. (AP) - A Clearwater pawnshop has returned a stolen 2008 Tampa Bay Rays American League Championship ring after being sued by its owner.

R&W Pawn and Jewelry gave the ring to Rays sales manager Robert Windheim during a pretrial hearing Thursday. The pawnshop had reportedly wanted $350 for the ring, but Windheim filed a lawsuit to have it returned without payment. Police had found the ring at the pawnshop in July after Windheim reported it stolen. The shop had paid $695 for the ring, which was valued at $3,600.

Walter Orkisz, co-owner of the pawnshop, said he had already planned to return the ring without payment. He said he only wanted a certified letter from the state acknowledging that he was also a victim so that he could seek restitution from the thief.

Authorities have charged 41-year-old Scott Richardson with the theft.