The coveted trophy awarded to the winning team is the Larry O'Brien Championship Trophy.
The NBA Finals championship was initially called the BAA Finals until the 1949-1950 season, when the National Basketball League and Basketball Association of America merged. The tournament rebranded to NBA World Championship Series and later became the NBA Finals in 1986.
The National Basketball Association (NBA) usually organizes the NBA Finals as part of the NBA league, the premier professional basketball league globally. The NBA Finals participants can be any of the 30 NBA league teams, 20 of which are based in the United States and one in Canada.
Because the NBA Finals championship is part of the NBA league, there is usually no dedicated prize money awarded by the organization to the winners. However, participating teams get to share a pool prize gathered from the sale of event tickets, advertisement revenues, and various other income channels.