May 25, 2024, 16:31 ET
Copa América 2024 will distribute a record $72 million in participation fees and prizes to tournament teams
The America Cup This summer will distribute a record $72 million in participation fees and prizes to tournament teams, with the winner receiving $16 million, sources told ESPN.
Each team will receive a fee of $2 million just for participating, and the remaining $40 million will be classified as prizes. It is more than double the 19.5 million granted in 2021, when Argentina, the current champion, received 6.5 million dollars.
The tournament is being co-organized by Conmebol and Concacaf, the respective confederations of South America, North America, Central America and the Caribbean.
USA is the host of this expanded edition of the Copa América for the second time, after having hosted the Centenario in 2016. On that occasion, there was a total prize of 21.5 million dollars, of which 6.5 went to the winner, Chile .
Teams that advance only to the quarterfinals will receive $2 million. The fourth-place team will receive 4 million, the third-place team will pocket 5, while the losing finalist will receive 7. The tournament will also cover the teams’ hotel, airfare and ground transportation costs.
The amount of prizes represents an important incentive for participating players, beyond the honor of playing in such a prestigious competition. This is especially true for soccer players. USA. Thanks to the latest collective bargaining agreement signed in 2022, Americans will take 70 percent of any prize money awarded.
Nine percent of the prize money that the United States can win will go to a joint fund that will be divided equally between the members of the USMNT and the USWNT, while the United States Soccer Federation will pocket the remaining 21 percent.
