It typically is donated to a third world country, well away from the mainstream.
To championship losing jerseys, the team burns them and throws them away. They following season, they order brand new ones to replace the championship losing jerseys.
Destroyed in the fires of mount Doom
Layla is ment to be losing her womans championship to Beth Phoenix very soon :)
Extreme Championship Wrestling - 2006 Losing His Swagger 4-5 was released on: USA: 3 February 2009
New England Patriots
USC went to the championship game for the 2004 and 2005 seasons, winning in 2004 and losing in 2005, and Oregon for the 2010 season.
nothing
The entire team came back looking crestfallen after losing the championship game.
The 1992 season, losing to the Buffalo Bills 29-10.
I would guess all of them since to make it to the Super Bowl a team has to win its conference championship game.
56 days he lost it to edge at the royal Rumble
In 2001 the Nebraska football team did not even make the Big Twelve championship game after losing to Colorado 62-36 in the final contest of the regular season and still went on to play in the national championship. Nebraska lost 37-14 against Miami in the national championship.