The nominees will be reviewed by a panel of noted sailing journalists who discuss the merits of each nominee and vote to determine US SAILING's 2010 Rolex Yachtsman and Yachtswoman of the Year. The ultimate winners will be announced in mid-January and honored on February 25, 2011, during a luncheon at the New York Yacht Club in Manhattan, when they will be presented with Rolex timepieces.

More info here.