[1] Previously known as the "Perpetual Trophy", it was created in 2006 and renamed in March 2007 in honor of former PBA commissioner Emilio "Jun" Bernardino, Jr. who served from 1994 to 2002.

The third version, which was made before the start of the 2017–18 season is currently in the possession of the Meralco Bolts after winning their first Philippine Cup championship in 2024.

The teams were Air21, Alaska, Barako Bull, Barangay Ginebra, GlobalPort, Meralco, Petron Blaze, Rain or Shine, San Mig Super Coffee and Talk 'N Text.

The teams were Alaska, Barangay Ginebra, Blackwater, GlobalPort, Kia, Magnolia, Meralco, NLEX, Phoenix, Rain or Shine, San Miguel and TNT.

The first recipients of the Perpetual trophy were the Barangay Ginebra Kings, who won their best-of-seven championship series against the San Miguel Beermen in six games.

[11] After it was won by Barangay Ginebra in 2006–2007, they were unable to defend the title the next season after failing to advance through the wildcard phase of the tournament.

[14] Then PBA commissioner Sonny Barrios awarded the win to Barangay Ginebra, who led by seven points before the walkout occurred.

Talk 'N Text regained possession of the trophy after winning their finals series against San Miguel in the 2010–11 Philippine Cup after six games.

[5] The Tropang Texters successfully defended the championship in the 2012–13 edition of the tournament after sweeping their finals series against Rain or Shine Elasto Painters.

The Coffee Mixers, renamed as the Purefoods Star Hotshots beginning the 2014–15 season, however failed to defend the crown, as they got eliminated in the first round of the quarterfinals of the Philippine Cup against the Meralco Bolts, who had a twice-to-beat advantage.

The San Miguel Beermen, who topped the elimination round standings, won the Philippine Cup against the Alaska Aces in seven games.

Dubbed as "BEERacle", San Miguel became the first team in professional basketball history to win a series coming from a 0–3 deficit.