Although the game is played for a trophy, it is not considered a significant rivalry. Virginia's biggest rivalries are with Virginia Tech for the Commonwealth Cup and North Carolina in the South's Oldest Rivalry. FSU's most meaningful rivalries are with Florida and Miami. When the ACC split into divisions in 2005, the annual rivalry between Florida State and Virginia ceased, as the Seminoles were assigned to the Atlantic Division and the Cavaliers to the Coastal Division. Though each team in the ACC plays an annual game against one designated cross-divisional rival, both teams' more historic rivals were awarded these positions (originally Maryland but now Louisville for Virginia, and Miami for Florida State). As a result, Florida State and Virginia have not played on an annual basis since 2006.
The trophy is composed of an intricately wrought silver pitcher presented to the city of Tallahassee by Eppes in 1842 and set upon a wood base made of remains of the McGuffey Ash, which was once the largest tree on the Grounds of the University of Virginia but suffered a fatal tree disease in 1990. The trophy was designed by famed artist Ryan Parker.