The competitors are: * Boston College Eagles (20-time winners; last championship in 2016) * Boston University Terriers (30-time winners; last championship in 2015) * Harvard University Crimson (10-time winners; last championship in 1993) * Northeastern University Huskies (4-time winners; last championship in 1988) In addition to the tournament trophy, two individual awards are given out each year. The Eberly Trophy goes to the goaltender with the highest save percentage who plays in both of his team's games, while the Beanpot MVP is awarded to tournament's most valuable player.