Is There a Special Award for Becoming King of the Knights?

The Scarlet Knights of Rutgers have already defeated the Black Knights of West Point on the gridiron earlier this fall and now they will have the chance to beat the Golden Knights of University of Central Florida in less than two weeks.
Is this the first time in college football history that a team has had the opportunity to become the undisputed King of the Knights? Is there a special trophy or sword that goes with the honor? Something other than being crowned the football champions of St. Petersburg?
Do they at least have a mounted mascot with whom our Knight can joust on the sidelines?