Across the USA, high school sports are regularly lavished with funding, publicity and scholarships while theater geeks struggle to put on the school musical hoping for some attention of their own. In the sports crazy Lehigh Valley, PA, a hundred-year-old theater remedies the inequality with the Freddy Awards - an annual live television event that recognizes excellence in local high school musical theater. Illustrating that arts education encourages the same teamwork, camaraderie and confidence as sports, MOST VALUABLE PLAYERS follows three high school theater troupes on their creative journeys to the elaborate award ceremony - the "Super Bowl" of high school musical theater.