Now that the 2023 FIBA Basketball World Cup has finally come to an end, NBA fans from across the world should certainly want to know how much money Germany managed to win. As many of us might have already heard, Team Germany managed to defeat Serbia in the FIBA World Cup Finals and won the entire international tournament. This was possible due to contributions from stars on their roster such as Dennis Schroder.
Considering that they have now been crowned world champions, people might be interested in finding out more about the money the team and players won for playing in the FIBA World Cup. After all, it would be quite bizarre or even sad to win the FIBA World Cup and make no money.
With that being said, we should undoubtedly want to know how the prize money system works. Moreover, fans from across the world might be interested in finding out if their national team won any money for playing in the FIBA World Cup. Let us take a closer look and find out more.
What is the prize money for the 2023 FIBA Basketball World Cup?
It might surprise some basketball fans to hear that the FIBA World Cup uses a prize pool to generate the prize money given to the teams competing in the tournament. Therefore, all the participating teams will have to pay a certain amount of money and look to earn it back by progressing deep into the FIBA World Cup.
32 national teams qualified for the FIBA World Cup and received a prize of 50,000 euros. Those who manage to make the top 16 will win 100,000 euros. Teams will continue winning more money as they continue to win more games.
Unfortunately, the prize pool for the 2023 FIBA World Cup is yet to be made public. If we take a look at the 2019 prize pool, the winners made around $2.5 million. Second place wins $1.5 million. Additionally, third and fourth place would win around $1.2 million. All of these figures were taken from the 2019 FIBA World Cup. That tournament had a prize pool of around $15 million.
Since a considerable amount of time has passed since then, it would be fair to assume that 2023’s prize pool was slightly larger. One could predict that Germany won somewhere around $3 million for winning the 2023 FIBA World Cup. Although this sounds like a lot, fans should remember that the prize money should be divided between the players and management.
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