(NEXSTAR) — The Masters at Augusta National, one of the most unique events in sports, has remained arguably the same since the first tournament in 1934.

The traditions that remain at Augusta to this day have made the tournament recognizable for even the most casual sports fans. From the caddies dressed in white and the beautiful azalea bushes flourishing all around, to the infamous no-cell-phones rule that every person in attendance must adhere to, the Masters is iconic.

Scottie Scheffler, Sam Burns and Russell Henley play the 12th hole green during practice prior to the Masters Tournament at Augusta National Golf Club on April 9, 2025 in Augusta, Georgia. (Ben Jared/PGA Tour via Getty Images)

But the tournament is perhaps best known for is its championship trophy: the green jacket, the most coveted prize in all of golf.

The idea for the jacket came from Augusta National Golf Club co-founder Bobby Jones, who was gifted a red jacket after winning The Open Championship at Royal Liverpool Club in 1930, according to the PGA.

Jones loved the idea so much that when August National opened in 1933, he pitched the idea of jackets for club members.

It wasn’t until 1949 that a green jacket was given to the winner of the Masters and a tradition began.

A detailed view of The Masters logo on a members jacket during the second round of the 2024 Masters Tournament at Augusta National Golf Club on April 12, 2024, in Augusta, Georgia. (Andrew Redington/Getty Images)

Costing about $250 to create, the jacket is a mix of wool and polyester in the trademark “Masters Green” with three gold buttons that feature the tournament signature logo. The same logo is also emblazoned just below the left breast pocket of the jacket.

Various sizes are ready and on hand for winners when they are gifted their green jacket by the previous year’s winner. The champion is then given the option to have the jacket custom-fitted for them specifically.

Repeat winners aren’t given a second green jacket; they are simply given their original green jacket again.

Scottie Scheffler of the United States is awarded the Green Jacket by 2023 Masters champion Jon Rahm of Spain during the Green Jacket Ceremony after Scheffler won the 2024 Masters Tournament at Augusta National Golf Club on April 14, 2024 in Augusta, Georgia. (Maddie Meyer/Getty Images)

The current year’s winner is the only one who is allowed to wear their green jacket outside of the clubhouse — until the next tournament, that is.

Fifty-four different golfers have won the Masters since its inception in 1934, with Jack Nicklaus holding the record with six wins.