In an effort to put a little more value on the CONCACAF Champions League, the prize money that is awarded for the winner, runner-up and semifinalist has been bumped up considerably.
A total of $1.2 million will be divided as such:
- $500,000 for the tournament winner.
- $300,000 for the runner up.
- $200,000 a piece for the two losing semifinalists.
It should be noted that there was no prize money given out before this news. Basically, teams won and celebrated but there wasn’t anything coming from CONCACAF that helped go to the players.
To go a little further, based on the latest MLS CBA, MLS Cup pays out $275,000 to its winner, and $80,000 to the runner-up. The Supporters' Shield is currently worth $55,000, though it will up to $130,000 next year.
While this will come nowhere close to what the European Champions League winners get, it is certainly a step in the right direction.
What do you make of this news that CONCACAF is putting some prize money out for this tournament?