The National Hockey League presents numerous annual awards and trophies to recognize its teams and players. The oldest, and most recognizable, is the Stanley Cup. First awarded in 1893, the Stanley Cup is awarded to the NHL's playoff champion. The Stanley Cup is the third trophy to be used as the league's championship, as for the first nine years of the NHL's existence, it remained a multi-league challenge cup. Most of the trophies and all-star selections are presented at an annual awards ceremony held in late June after the conclusion of the Stanley Cup playoffs. The awards for the 2019–20 season were handed out during the last two rounds of the playoffs. History Team trophies The NHL's first championship trophy was the O'Brien Cup, which was created by the National Hockey Association in 1910 and transferred to the NHL in 1918, after which it was awarded to the playoff champion until 1927. Following the demise of the Western Hockey League after the 1926 season, the Stanley Cup became exclusive to the NHL, and the O'Brien Trophy became the Trophy awarded to the Canadian Division champion. After the 1938 season, the league reverted to one division, and the O'Brien Trophy was awarded to the Stanley Cup runners-up, until it was retired in 1950. The Prince of Wales Trophy was introduced in 1925 as an award for the NHL's playoff champion (alongside the O'Brien Trophy). It soon became the American Division trophy following the 1927–28 season, until the 1937–38 season, when the league reverted to one division. It then became the award for best regular season record, before becoming the East Division trophy in 1967–68. The Prince of Wales Trophy remains an active award. It is awarded to the playoff champion of the Eastern Conference. The Clarence S. Campbell Bowl was created in 1967 to serve as the Western Division counterpart to the Prince of Wales Trophy. It is now awarded to the Western Conference champion. The youngest team trophy is the Presidents' Trophy. It has been awarded to the NHL's regular season champion since 1986. Individual trophies The first individual trophy was the Hart Trophy, first awarded in 1924 to the league's most valuable player. This trophy was replaced by the current Hart Memorial Trophy in 1960 when the original Hart trophy became too unwieldy. The Lady Byng Trophy followed in 1925, a year later, awarded to the most gentlemanly player