The National Basketball Association Most Valuable Player (MVP) is an annual National Basketball Association (NBA) award given since the 1955–56 season to the best performing player of the regular season. The winner receives the Maurice Podoloff Trophy, which is named in honor of the first commissioner (then president)[a] of the NBA, who served from 1946 until 1963. Until the 1979–80 season, the MVP was selected by a vote of NBA players. Since the 1980–81 season, the award is decided by a panel of sportswriters and broadcasters throughout the United States and Canada, each of whom casts a vote for first to fifth place selections. Each first-place vote is worth 10 points; each second-place vote is worth seven; each third-place vote is worth five, fourth-place is worth three and fifth-place is worth one. Starting from 2010, one ballot was cast by fans through online voting. The player with the highest point total wins the award. As of June 2017, the current holder of the award is Russell Westbrook of the Oklahoma City Thunder.