This article is an introduction to the MVP model, which focuses on the experience of competitive sport performance from a phenomenological stance, with particular emphasis on the influence of perceived success and failure. One premise of the MVP model is that sport performance is partially determined by the athlete’s interpretation of prior performances, which influences the trajectory and intensity of his or her phenomenological state. A second premise is that when the experiences described by athletes are analyzed together as a “layered picture,” these experiences tend to follow a pattern summarized by a sequence of six “competitive positions,” which can be arranged around a semicircumplex called the “Performance Dial.” The Performance Dial is an educational tool that can be used in consultations to facilitate communication between practitioners and athletes. The MVP model also serves as a framework within which sport psychology research findings can be understood in relation to the experience of sport performance, thereby increasing the applicability of sport performance research for practitioners.