I don't have an answer to who should get one, but I think it's great that Nigel and Jhris seem to agree! Mancrush showing through???
One thing to think about is that every person that gets a ring will surely be asked what it's for. Then they will get the opportunity to brag about your accomplishments. This spreads the Hat Town pride.
I also think you guys had a stud wrestler out of the line up with an injury. Are you going to deny him a ring for not being at state?
Now that I'm out of politically correct answers... In college we always had some guys walk on for a while and then puss out. They would then show up in public sporting the team's gear. It didn't take long for them to get the picture that those of us who put in the hard work didn't like to see that crap. I think you could figure out a way to do the same.