The NBA has announced that it has renamed its Most Valuable Player trophy after Michael Jordan.

Jordan won the award five times in his career.

The award was previously named after Maurice Podolof, who was the first commissioner of the league.

The NBA also announced the following name changes:

• The Hakeem Olajuwon Trophy – Awarded to the NBA Defensive Player of the Year
• The Wilt Chamberlain Trophy – Awarded to the NBA Rookie of the Year
• The John Havlicek Trophy – Awarded to the NBA Sixth Man of the Year
• The George Mikan Trophy – Awarded to the NBA Most Improved Player of the Year
• The Jerry West Trophy – Awarded to the NBA Clutch Player of the Year (New Award)