The Jun Bernardino Trophy is awarded to the Philippine Basketball Association

Philippine Basketball Association

The Philippine Basketball Association , is a men's professional basketball league in the Philippines composed of 10 company-branded franchised teams. It is the first and oldest professional basketball league in Asia and the second oldest in the world after the NBA...

 team who wins the PBA Philippine Cup Finals

PBA Philippine Cup

The Philippine Basketball Association Philippine Cup is the award given at PBA's all-Filipino conference. The tournament does not allow teams to hire foreign players or imports. Prior to 2004-05 season, the tournament was then known as the PBA All-Filipino Cup...

.

Previously known as the "Perpetual Trophy", it was created in 2006

2006-07 PBA season

The 2006–07 PBA season is the 32nd season of the Philippine Basketball Association . The season started September 28 in Guam and began its formal opening on October 1 at the Araneta Coliseum, and ended on July 20...

 and renamed in March 2007 in honor of former PBA commissioner

Commissioner

Commissioner is in principle the title given to a member of a commission or to an individual who has been given a commission ....

 Emilio "Jun" Bernardino, Jr.

Jun Bernardino

Emilio "Jun" Bernardino, Jr. was the fifth commissioner of the Philippine Basketball Association . He was elected as commissioner of the league in the 1993 PBA season and retired in the 2002 PBA season...

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The trophy is made up of 14-karat

Carat (purity)

The karat or carat is a unit of purity for gold alloys.- Measure :Karat purity is measured as 24 times the purity by mass:where...

 gold

Gold

Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...

 and worth PHP

Philippine peso

The peso is the currency of the Philippines. It is subdivided into 100 centavos . Before 1967, the language used on the banknotes and coins was English and so "peso" was the name used...

 500,000. It was created by Filipino National Artist

National Artist of the Philippines

A National Artist of the Philippines is a title given to a Filipino who has been given the highest recognition for having made significant contributions to the development of Philippine arts...

 Ramon Orlina.

Only the team that wins the Philippine Cup three successive times will permanently keep the trophy, otherwise, only a replica of the award will be handed out to one-time or two-time winners.

The current holders of the trophy are the Talk 'N Text Tropang Texters.