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Finch was named Otago's most valuable player after some consistent performances for her province during the national championship in Rotorua earlier this month.
Otago Netball regional manager Nicki Paterson said Finch had been a wonderful servant and was a deserving recipient.
"She is a really hard worker and has been consistent all year," Paterson said.
"Phil is one of those players who has done her time on the bench but has ended up being one of the main players on the court."
The New Zealand A squad member has indicated she may move to Christchurch next year, where she will play for the Canterbury Tactix in the ANZ Championship. That could spell the end of her career with Otago.
"I don't know what her plans are, but if she does go, we are hoping there are a few more Phillipa Finches being developed."
In other awards, Jessica Tuki was named the most valuable person. The award is presented to the player who contributes the most on and off the court.
Helen Bryant received the contribution to representative netball award, which is new this year. Bryant coached the Otago under-21 side which won the national tournament and was also manager of the victorious Lois Muir Challenge side.