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The award is regarded as the second most prestigious a hockey team can win, albeit a distant second to the Stanley Cup . Winning the award is very difficult, perhaps even more difficult than winning the Stanley Cup, as it is a competition of the entire league, each of which play 82 games between October and April. While only about a third of all Presidents' Trophy winners have gone on to win the Stanley Cup, it remains the most likely position to produce the cup winner, as the Presidents' Trophy winner is guaranteed home-ice advantage in all four rounds of the Stanley Cup playoffs, provided the team advances that far. In the Original Six era, the same criteria now observed for winning the Presidents' Trophy was used to award the Prince Of Wales Trophy . From 1967-68 through 1980-81 , separate trophies were presented to the top regular-season finishers in each division (conference from the 1974-75 season onward) — the Prince of Wales Trophy for the first-place team in the Eastern Division (Wales Conference after 1974) and the Clarence S. Campbell Bowl for the corresponding team in the Western Division (Campbell Conference after 1974). However, no trophy was awarded to the team that finished with the best overall record in the entire league during this period, and no trophy at all was awarded based on the results of the regular season from the 1981-82 season through the 1984-85 season, the Wales and Campbell trophies having been transferred to the playoff champions of those conferences in 1981-82; a cash bonus was given to each player on the team with the league's best regular-season record during these years, to which the Presidents' Trophy was added in 1985-86 . PRESIDENTS' TROPHY WINNERS REGULAR SEASON CHAMPIONS PRIOR TO THE 1985-86 NHL SEASON
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