Time News Desk: The prize money for the winners of the upcoming ICC T20 World Cup has been determined and the winning side will take home a cheque of $1.6 million, ICC said.
The total prize pot of $5.6m will see the runners-up assured of $800,000 and the losing semi-finalists will receive $400,000 each at the end of the 45-match tournament being played across seven venues in Australia from 16 October.
The eight teams that exit the tournament at the Super 12 stage will get 70,000 USD while each victory in the Super 12 stage is worth 40,000 USD. Bangladesh start the tournament at the Super 12 stage alongside Afghanistan, Australia, England, India, New Zealand, Pakistan and South Africa.
The same structure is in place for the first-round victories - with $40,000 available to those who win each of the 12 games, amounting to $480,000.
The four teams knocked out in the first round will get $40,000 each.
Teams whose campaigns begin in the first round are Namibia, the Netherlands, Sri Lanka, the United Arab Emirates, Ireland, Scotland, the West Indies and Zimbabwe.
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