<P> The NBA Championship ring is an annual award given by the National Basketball Association to the team that wins the NBA Finals . Rings are presented to the team's players, coaches, and members of the executive front office . Red Auerbach has the most rings overall with 16 . Phil Jackson has the most as coach and Bill Russell has the most as a player (11 each) </P> <P> NBA Championship rings have been handed out since the first NBA Finals in 1947 . In the modern era, the rings are handed to the defending champions during the team's first home game each season . </P>

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