The Prince of Wales Trophy, or simply the Wales Trophy, is a National Hockey League (NHL) trophy awarded to the Eastern Conference (formerly the Wales Conference) playoff champions. The trophy is awarded prior to the final series which are the championship games to decide the winner for the Stanley Cup against the Western Conference's champions. The Ottawa Senators are the current holders of the trophy after winning the 2007 Eastern Conference playoffs by eliminating the Buffalo Sabres in five games. The trophy was first established in the 1923-24 NHL season, for the champion of the NHL playoffs, but it has been the trophy for 8 different accomplishments, which also include being the NHL regular season champions, American Division regular season champions, regular season champions, East Di