ICC generally arranges a few number of tournaments for men and used to give more than million dollars prize money in every season. Every times, they increase the reward amount than the last year. Last season of ICC Champions Trophy was held in 2013. Since the establishing of the event, it used to place once after every four years and according to that calculation, next event will be staged in 2017.
If we look to the last season’s prize money of the tournament, the winning team received two million dollars where the runner up got one million. Third and fourth place teams were awarded $400,000 each and third in the group claimed around $100,000 each. But Seventh and eighth ranked teams did not get any money by the ICC. ICC is going to change this format and planning to give award to those last teams in upcoming edition.
ICC Champions Trophy 2017 Breakdown
|3rd & 4th Place Holder||$500,000 (each)|
|3rd in Group||$150,000 (each)|
|7th & 8th Place Holder||$25,000 (each)|
Every times, ICC announces their prize money details just couple of months before of starting a new season. So, for upcoming eighth edition of the competition, they are yet to be published their prize details but they have revealed some news about this. ICC authority has already stated that they are going to increase reward amount in next episode and it would be almost 33% hike than the last time. According to the calculation, the budget for the upcoming champions trophy which will be hosted in England is set to be around $135 million. So, the winning team would expected to receive $2.5 million where runner up will get $1,250,000. Third and fourth place team would probably receive $500,000 each.
As stated by the above statistics, the last one would be the newest addition of the award which will be opened from next tournament. Besides, all these rewards, there are some other rewards goes to the players like man of the match, match of the series, best catch, highest sixes and some others like this.
However, a team won that large amount of rewards but they can not take that money at their home. The amount goes to their cricket board usually. Like, if any team win the championship, they will be awarded such amount but the amount will go to their representative cricket board and the board will give them some decent amount as a bonuses to the players for winning championship.
ICC Champions Trophy which is regarded as the mini World Cup is the most prestigious cricket competitions after ICC World Cup which is organized by International Cricket Council (ICC). The tournament is consisting of One Day International (ODI) matches. The first event of the competition was held in 1998 and later in 2002, it was renamed to the current title. Since the beginning of the competition, total seven episodes have successfully completed and 8th episode is almost approaching which is scheduled to be held in next 2017 and will be hosted in England & Wales. Total eight teams which are the top of the ICC ranking will be approved for the competition.