UEFA vs NBA: Is Champions League’s Prize Money More Extravagant Than The In-Season Tournament?
Follow Us
Professional sports is a phenomenon that is celebrated all around the globe. However, each country has a sport where they are among the best. For example, India has an excellent cricket team, the USA has a great basketball team, and so on. Like that there are tournaments that are global celebrations like the Football Champions League. Even the NBA to an extent because it is mostly a USA-dominated sport but has a global viewership.
Competing in the UEFA Champions League and the NBA may be financially rewarding for both football clubs and basketball teams. However, which league winner comes out on top financially?
Which league winner earns more money, UEFA or NBA?
ADVERTISEMENT
Article continues below this ad
The UEFA Champions League has a total budget of €2.03 billion for the 2023/24 season. And they are however offering plenty of opportunities for football teams to reap the benefits of their performance. The tournament distributes prize money in a variety of methods, making good performances an important role in financial benefits. Clubs earn 55% of the prize pool, with varied amounts given at various stages.
The champion earns €20 million, with runner-ups receiving €15.5 million, semifinalists receiving €12.5 million, and quarterfinalists receiving €10.6 million. Not only that, even the round of 16 winners earn €9.6 million, Group-stage victors receive €2.8 million, and Group-stage draws receive €930,000.
Trending
Are Paige Bueckers and Azzi Fudd Set to Welcome New Teammate? Meet UConn’s Target 5 Star Recruit Jacy Abii
April 25, 2024 07:31 PM EDT
Draymond Green ‘Disappointed’ In Anthony Davis For Throwing Darvin Ham Under The Bus On Live TV
April 27, 2024 02:44 AM EDT
Shaq Warns Lakers Locker Room Of Jeanie Buss Game Plan If Darvin Ham & Co Fail Vs Nuggets
April 24, 2024 09:42 PM EDT
Kim Mulkey Brings Out Her Motherly Instincts and Looks Out for Angel Reese’s Safety Against Chicago Sky Coach Teresa Weatherspoon
April 27, 2024 11:45 AM EDT
“It’s Just Basketball”: LeBron James Rambles About Anxiety After Lakers Fall To Nuggets At Home
April 26, 2024 07:55 AM EDT
Get instantly notified of the hottest NBA stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
The NBA, on the other hand, has a structured playoff system with a Player Playoff Pool that is supported by postseason ticket sales. The allocation of prize money is based on a number of factors, including regular-season performance and playoff progress. Teams with the most impressive overall and conference records get large sums, such as $777,840 and $1,361,206, respectively.
Playoff teams get escalating payments based on their performance, with bigger incentives for longer runs. Teams who go to the first round earn $6,439,658. Teams that advance to the conference semifinals and finals receive $3,831,216, and teams that lose in the NBA Finals receive $3,164,731. However, the team that wins the NBA Championship receives $4,775,940.
While the NBA’s top individual award may not be as big as the Champions League’s, the NBA’s have cumulative prizes. Those include postseason performance incentives which provide enormous financial incentives for basketball teams. However, The UEFA Champions League also provides some substantial financial benefits except the winning prize money.
How is the UEFA Champions League making so much money?
ADVERTISEMENT
Article continues below this ad
The UEFA Champions League provides significant financial prizes to clubs depending on performance, previous accomplishments, and the value of their television markets. About 45% of the pool is split in two ways among the 32 group-stage competitors. The teams get a sizable payment (€15.64 million) for making it to the group stage. Approximately thirty percent (around €600 million) is given to each of the 32 group stage clubs based on a coefficient formula. That means they take into account their European performance over a 10-year period. This ranking decides their share, including additional points for European trophies.
ADVERTISEMENT
Article continues below this ad
Even broadcast arrangements contribute 15% of the overall purse. Each country federation receives a part depending on the proportional value of their TV market. The national federations then disburse the funds to the Champions League clubs. The possible total payment for the 2023/24 winner is €85.14 million excluding everything else, assuming a faultless campaign from start to end. Finally, while both the UEFA Champions League and the NBA provide significant prize money, the NBA’s system allows for incremental payouts during the playoffs. Ultimately, who earns more depends on the success of the teams and the conditions they achieve in each sport.
Watch this Story: NBA In-Season Tournament Trophy and Prize Money
Edited by:
Sampurna Pal