The first fourteen awards were created in 1980 as an informal poll between Meltzer and his friends and others he corresponded with on the subject of professional wrestling at the time.
For the "Category B" Shad Gaspard/Jon Huber Memorial Award, the recipients are chosen by a committee headed by Meltzer.
Still, some primarily professional wrestling-focused awards remained intact for MMA promotions/fighters to win, due to the similar business aspect between both sports (i.e. Best Box Office Draw and Promotion of the Year).
In the December 3, 2007 edition of the Wrestling Observer Newsletter, it was announced that from that year onwards, mixed martial artists are no longer eligible for the Lou Thesz/Ric Flair Award, thus reserving it for professional wrestlers only.
Note: This award is given to participants in professional wrestling and mixed martial arts who make contributions outside the ring for the betterment of society.
Cody Rhodes
is the most recent winner, winning for his 2024 work in WWE.
Ric Flair
is an eight-time winner and co-namesake of the category.
Jimmy Snuka was the first winner of the award, winning in 1981
Hulk Hogan
won the award for a record three straight years.
Impact Wrestling, formerly and currently known as
Total Nonstop Action Wrestling
, is an 11-time winner of the category, having won every year from 2007 to 2017.
Paul 'Triple H' Levesque, is the most recent winner of the category and is a three-time winner overall.