Is awarded to the winner of the Nokia Sugar Bowl. There is no denying this fact. It is indisputable. Undeniable. Unequivocal. Non-negotiable. The Waterford Crystal Sears Trophy signifies the national champion in collegiate football. No polls, coaches, writers, humans, or computers can take this trophy and give it to another team. None of these aforementioned entities can change the fact that if LSU wins its game in New Orleans in the Sugar Bowl against Oklahoma, then LSU will have secured for themselves the national championship. The media. The fans. The teams. The coaches. They should all get over it. This is the way it is, and there is no changing it. The bottom line is that LSU-if victorious-will be the national champion. They have done nothing but win. No one can argue.
As Lee Corso would say, "Not so fast my friend". Looks like Sears is no longer the sponsor of the beautiful, sure will look lovely sitting in Baton Rouge after January 4 Waterford Crystal (value: $30 K) National Championship Game Trophy: http://espn.go.com/sportsbusiness/news/2003/0826/1603626.html
The above-referenced article seems to say its now the ADT trophy, not to be confused with Trev Alberts' ADD trophy.