ICC World Twenty20 prize money: England secure £554,000 with win over New Zealand

Joe Hall
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England are two wins away from a $1.6m payday (Source: Getty)

England earned one of the biggest paydays in cricket with their comprehensive win over New Zealand yesterday's ICC World Twenty20 semi-final.

A guaranteed $800,000 (£554,000) runners-up reward is the prize for a victory in the semi-final, with the potential of the overall winners' prize of $1.6m still up for grabs for Eoin Morgan and co.

Read more: England have mental edge over World Twenty20 semi-final opponents New Zealand, insists Stokes

A runners-up finish at the 2013 ICC Champions Trophy worth $1m marks the last time a limited overs England team earned such a huge sum in prize money, although their biggest payday remains the $3.5m consolation prize from the 2009 "$20m match" against the Stanford Superstars put together by American financier Allen Stanford who was later convicted for fraud.

Round Prize money
Winner $1.6m
Runners-up $800,000
Losing semi-finalist $400,000
Round two match win $60,000
Round two exit $80,000
Round one match win $40,000
Round one exit $40,000

England have only secured limited overs silverware once before at the 2010 World Twenty20 in the West Indies.

Recent years have been marred by high-profile flops such as last year's exit at the World Cup group stage for which they earned just $125,000 and a failure to progress to the knockout stage at their last World Twenty20 campaign in Bangladesh two years ago.

England exited that tournament with just $40,000 after a solitary win and an embarrassing defeat to the Netherlands.

Yet although Eoin Morgan's men have already boosted England's prize money earnings by over 1000 per cent this year, their earnings will not be as significantly swelled.

The International Cricket Council's (ICC) prize money is delivered to the ECB who pay players a Twenty20 match fee according to the terms of their contract.

Players from all nations are also awarded a daily allowance of £100 from the ICC during the tournament.