West Indies defeated England in the final of 2016 World T20 and with that pocketed a impressive $1.6 million in the prize money while England will take home $800,000 for finishing runners-up. India and New Zealand who both lost in the semifinal will get $400,000 each. Women T20 champions (West Indies) will pocket just $100,000. below is the entire breakdown of World Twenty20 prize money.
ICC announced major increase in prize money pool for major cricket competitions such as ICC 50 over world cup and Twenty20 world cup in next 8 year cycle. Four major competitions will be played in next 7 years starting with Twenty20 World Cups in 2016, 2020 and 50 over world cups in 2019 and 2023.
Prize Money For ICC Twenty20 World Cup 2016:
Twenty20 World cup will get 33% increase in its total prize money pool taking available prize money to $5.5 million. The eventual winners of 2016 T20 world cup will pocket as much as $1.6 million, while the runners-up will get $800,000. Losing semifinalists will get $400,000 each while every team will get guaranteed $300,000 as participation bonus regardless of the results. There is also bonus of $50,000 for winning group games.
Below is the breakdown of ICC World Twenty20 Prize Money. The prize money goes to the respective cricket boards not the players. Players get bonuses in match fees from their respective cricket boards on winning or achieving certain targets in ICC events.
| STAGE | PRIZE MONEY |
| Winners | $1.6 million |
| Runnerup | $800,000 |
| 2 Losing Semi-Finalists | $400,000 each |
| Bonus for winning every “super 10 round” match | $50,000 |
| Guaranteed Participation Bonus for all 16 teams | $300,000 |
| TOTAL | $10million |
World Twenty20 Prize Money In The Past: In the past World Twenty20 2014 prize money was alot less compared to 2016’s competition in India. Sri Lankan board pocketed $1.1 million as Sri Lanka cruised to their first T20 title. Runners-up India pocketed just $550,000 for reaching the final.
Who Gets The Prize Money ? Winning Team Board or Players ?:
Players dont get the any portion of this prize money. This money goes to respective cricket boards. Players do get bonuses in their salaries from their cricket boards for achieving required targets in any major ICC competitions. Indian cricket board for example promised 400% bonus in match fee if they win T20 or 50 over world cup.
Players however do get cash prized on individual performances from ICC or the main sponsors of competitions. Cash prize are usually given to “player of the match” in every game by main sponsors of the tournament. While ICC award “player of the tournament trophy” and cash prize of $10,000 to the player who is elected as the best player in tournament.