Yes, they are awarded annually in late May/early June.
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Some examples of trophies are the Vince Lombardi trophy awarded
to the NFL champion. The Stanley Cup is awarded in the NHL and the
NBA Championship trophy is also awarded annually.
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It is annually given to the most distinguished American artist
of children's picture books.
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Multiple thousands of scholarships are annually awarded around
the world.
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The Heisman Memorial trophy is awarded to the best college
football player annually and is voted on previous winner's of the
reward. The trophy is awarded in New York City at the Radio City
Music Hall.