Once the final of each World Baseball Classic concludes, the players of the winning team receive gold medals during the closing ceremony immediately after the losing team receives silver medals. The third place team receives bronze medals at a separate date.
The most significant award for individual performance during the tournament is the Most Valuable Player Award. Whichever player wins it receives a trophy after the final. The inaugural winner of the award in 2006 was Japan's , who pitched 13 and finished with a 3–0 record. Soon after this performance, Matsuzaka received a multi–million dollar contract to join the of America's . Again in the 2009 World Baseball Classic, Matsuzaka received the world classic MVP, finishing with a record of 3–0 and an of 2.54. In 2013, won MVP after hitting .469 with two home runs and six RBI over the course of the tournament.
|Current season, competition or edition:
2017 World Baseball Classic – Qualification
World Baseball Classic logo
|No. of teams||16 (finals)|
|Dominican Republic (1st title)|
|Most titles||Japan (2 titles)|
In the , a surprising advanced to the semifinals with an undefeated 6–0 record but was defeated by (which had lost twice to South Korea in the earlier rounds) for a berth in the final game. Meanwhile, defeated the for the other berth in the final game. Japan then defeated Cuba 10–6 to be crowned the first champion of the World Baseball Classic.
After a 3-year gap between the first two installments of the tournament, plans were made for the World Baseball Classic to be repeated every four years following the 2009 event. The third installment of the Classic was held in 2013, and the next is scheduled for 2017.