Since only one championship trophy is awarded by the league to the winning team, championship rings are distributed as a collectible memento for the actual players and team officials to keep for themselves to symbolize the victory. Winners' medals (and runners-up medals) are not awarded in North American professional sports, in contrast to Olympic team sports and European club association football tournaments such as the Premier League and UEFA Champions League. Championship rings are distributed by and paid for by the winning team (although some leagues may partially subsidize the cost), in contrast to medals which are awarded by the league or competition governing body.
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