The PWHL announced Thursday that its championship trophy will be called The Walter Cup.

The award is named after the Walter family, who launched the PWHL and currently own the league and all six original franchises. The naming of the trophy was proposed by PWHL Advisory Board Member Billie Jean King.

“The Walter Cup is the greatest prize a PWHL team can win and the finest gift the players can give their fans,” said King. “The Walter Cup marks a monumental milestone in women’s hockey and for all women’s sports. It recognizes the historic commitment by Mark and Kimbra Walter to make this dream come true for the PWHL players of today and tomorrow.”

“It is a tremendous achievement to become the best team in the world’s best women’s hockey league. This trophy reflects the level of excellence required to win in the PWHL, and we hope it will inspire championship dreams in young players everywhere,” said Mark Walter, who is also the owner for Chelsea F.C. of the English Premier League and chairman of the Los Angeles Dodgers.

The PWHL collaborated with Tiffany & Co. to create the trophy. The Walter Cup is approximately 35 pounds, stands two feet tall and is 13 inches wide. There is a removable base that will include the engraved name of each year’s winning team.

The PWHL regular season concludes May 5 with the top four teams advancing to the playoffs. The semi-finals and championship final will be a best-of-five series.