The winner is elected by Football Federation of Armenia members, referees, inspectors, coaches, captains and presidents of the Armenian Premier League clubs, as well as the journalists and media.
The first award was given to former Armenia national football team captain Sargis Hovsepyan in 1992.
Arthur Petrosyan and Armen Shahgeldyan have both won the award twice.
Edgar Manucharyan became the youngest player to win the award in 2004 at the age of 16.
Hovsepyan became the oldest player to win the award in 2008 at the age of 36.