The Bill Masterton Memorial Trophy is awarded "to the player who best exemplifies the qualities of perseverance, sportsmanship and dedication to hockey." The trophy is awarded at the end of each season by a poll of the Professional Hockey Writers' Association. A $2,500 grant from the PWHA is awarded annually to the Bill Masterton Scholarship Fund.

Bill Masterton played for the Minnesota North Stars who exhibited those qualities for which the trophy is awarded, perseverance, sportsmanship and dedication to hockey. Masterton died on January 15, 1968. That same year the trophy was presented to the NHL.

  Winner Team Year  
  Bryan Berard
Steve Yzerman
Saku Koivu
Adam Graves
Ken Daneyko
John Cullen
Jamie McLennan
Tony Granato
Gary Roberts
Pat LaFontaine
Cam Neely
Mario Lemieux
Mark Fitzpatrick
Dave Taylor
Gord Kluzak
Tim Kerr
Bob Bourne
Doug Jarvis
Charlie Simmer
Anders Hedberg
Brad Park
Lanny McDonald
Glenn Resch
Blake Dunlop
Al MacAdam
Serge Savard
Butch Goring
Ed Westfall
Rod Gilbert
Don Luce
Henri Richard
Lowell MacDonald
Bobby Clarke
Jean Ratelle
Pit Martin
Ted Hampson
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