The iconic trophy awarded at the end of the NBA playoffs is called the Larry O'Brien Championship Trophy. Named after former NBA commissioner Larry O'Brien, this trophy symbolizes the ultimate achievement in professional basketball. The championship is awarded annually to the team that wins the NBA Finals, concluding the playoffs. The trophy is made of sterling silver and is gold-plated, reflecting the prestige associated with the title. Winning the trophy represents hard work, talent, and dedication, elevating the winning team to the status of champions in the league.