Championship ring
Championship rings are typically made of yellow or white gold with diamonds and other precious stones. They usually include the team name, team logo, and the championship number (usually indicated in Roman numerals for the NFL's Super Bowl wins). Championship ring policies differ between the four major professional leagues. NHL and MLB owners pay for the cost of the rings. The NFL pays up to $5,000 per ring for up to 150 rings for teams that win the Super Bowl. Teams can distribute any number of rings but must pay for any additional costs, and may offer lesser rings at their discretion. The NBA standardized its championship ring from 1969 through 1983; presently the winning team selects its own design and the league covers the cost of the rings.