T20 World Cup 2024: Here’s how much prize money each team will earn in the tournament
T20 World Cup 2024: ICC announces record prize money for the tournament
The International Cricket Council (ICC) has announced record prize money for the T20 World Cup, currently underway in the West Indies and USA. The global governing body of cricket on Monday declared a prize fund of $11.25 million for the marquee tournament, with the winner set to pocket at least $2.45 million.
The champions will be earning the highest paycheck in the history of the tournament.The runners-up will earn at least $1.28 million, while the losing semi-finalists will take home $787,500 each. Teams that do not advance past the Super 8 stagewill receive $382,500 each, and those finishing between ninth and 12th place will get $247,500 each.
As for the lower end of the table, teams finishing between 13th and 20th will receive$225,000 each.
“This event is historic in so many ways so it is fitting that the prize money for players reflects that. Hundreds of millions of fans around the world will be entertained by the players in what we’re hoping to be an Out of This World event," saidICC Chief Executive Geoff Allardice on the bumper prize announcement.
*Each team will win an additional$31,154 for each match won, excluding the semi-finals and finals.
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T20 World Cup format
The T20 World Cup comprises of 20 teams, divided into four groups of five each. Each team will be playing other teams in the pool only once. Here are the five groups:
Group A - India, Pakistan, USA, Canada, Ireland
Group B - Australia, England, Namibia, Oman, Scotland
Group C - Afghanistan, West Indies, New Zealand, Papua New Guinea, Uganda
Group D - South Africa, Sri Lanka, Bangladesh, Nepal, Netherlands
A win carries two points while a point is offered in case of a no result. The top two teams from each group advance to the next stage of the tournament, which is called the Super 8.
The Super 8 stage will be contested in two groups of four teams each. However, the pools are already pre-decided.Every team in the five groups in the first round have been given a seeding based on their ranking. The teams in the two Super 8 groups will be: A1, B2, C1, D2 and A2, B1, C2, D1.
(With inputs from agencies)