As we enter the final stages of the 2023 NBA Finals, fans must certainly be interested in finding out what the NBA championship prize money amount is. Both the Miami Heat and Denver Nuggets managed to make it all the way to the NBA Finals and now have a chance to earn a significant amount of money alongside winning the title.
With that being said, let us take a closer look at this season’s NBA championship prize amount could be. Additionally, interested fans can also find out how much money the other teams made for their individual runs in the 2023 playoffs.
The NBA champions will be given almost $5 million for winning the 2022-2023 season
Although $5 million might not sound like a lot, it would certainly help either the Nuggets or the Heat further grow their franchise significantly. The exact amount that the 2023 NBA champion will be given is reported to be $4,775,940.
However, the league does not solely reward the champions. There are smaller monetary rewards for seeding positions all the way to the 6th spot. Additionally, teams making the first round will be given $402,479. Those who qualify for the second round earn $478,902. Making it to the Conference Finals guarantees around $791,398.
Since it also works under a cumulative system, the Nuggets and Heat will combine all the money they won making it to the playoffs along with a potential NBA championship. In that case, Denver would make slightly more since they finished as the top seed in the Western Conference. It is estimated to be around $7,809,925. On the other hand, the 8th-seeded Miami Heat would make $6,448,719.
Although there is no denying that the cash is a good incentive, the star players, management and owners know that a coveted NBA championship has immeasurable value. Therefore, they will keep that as the ultimate prize and just think of the financial gains as added bonuses.
Unfortunately, the system by which this money is spread among players is unclear to the public. All we know is that the stars are given the lion’s share of the prize when compared to the coaches or role players.