ICC has confirmed the prize money pool for both men’s and women’s T20 World cup set to take place this year. Men’s ICC t20 world cup Tournament was suppose to take place in Australia in 2020 but due to pandemic ICC not only had to postponed the event but also relocate with Oman and UAE now sharing the hosting for 2021 T20 World Cup. We take a look at upcoming world cup’s prize money pool and how it will be distributed among participating nations.
ICC T20 World cup 2021 Prize Money Pool:
ICC has increased prize money for its major tournament substantially and for the very first time in cricket, women’s tournament will get same prize money as money taking Cricket towards equality like other major sports for example Tennis.
ICC announced as massive hike in women’s t20 world cup prize money where it will match that of men’s game. $$3.5 million prize money pool is allocated for each tournament (men’s and women’s) while the winners will take home as much as $1 million each. Back in 20218 Women world cup, the prize money to win the tournament was Marely $280,000 which will now be increased to $1 million. So the Prize money breakdown is as follow.
|Participation Fee||$100,000 every team||$100,000 every team|
|Semifinalists (losing teams only)||$250,000 each||$250,000 each|
|Champions||$1 million||$1 million|
|Individual player awards||$300,000||$300,000|
|Total Prize Money Pool||$3.5m||$3.5m|
Who gets the prize money ? players or the team boards ?
Well ICC do not pay any money to players apart from cash prizes as individual awards like Man of the Match, Man of the series etc. Every professional player today have a central contract with his/her board who pay them salary according to the contract. ICC do not control how much money boards can pay to their players.
ICC award prize money to the cricket boards respectively. These are basically payment distribution for the money ICC make via TV rights sales/sponsorships etc. So to answer this question, ICC do not pay any prize money or salaries to the players. ICC only distribute funds as prize money to participating cricket boards.