The Walter Knapp "Bringing Up the Rear" Trophy is awarded annually to the last-place finisher in the annual July 4th Long Distance Race. Although mainly a powerboater himself, Walter enjoyed watching the sailboat races at the Club even into his later years. He made the observation that "the guy in last place was working just as hard as the guy who won", and thus decided to donate this trophy recognizing the efforts and dedication of all sailors in the fleet
The trophy went unpresented for a number of years. Any information on finishes in this time period would be appreciated.
| 1974 | Fred Schnee | 1983 | Rick Foster |
| 1975 | Robert Wachtel | 1984 | Jack Jensen |
| 1976 | Frank Foster | 1985 | Frank Foster |
| Jeff Wagner | 1986 | Jim McBride | |
| 1977 | Fred Schnee | 1987 | Kathy Dressel |
| 1978 | Robert Wachtel | 1988 |
Tom Eisert |
| 1979 | Dave Miller | 1989 | Bob Kuhn |
| 1980 | George Hedges | 1991 | Don Hardy |
| 1981 | Don Hardy | 2006 | Chris Reynolds |
| 1982 | Russ Crist | 2007 | Russ Green |