Ahead of the start of the CG United Super50 Cup, Cricket West Indies (CWI) has announced a major increase in prize money and bonuses for teams participating in the tournament as well as other regional competitions – totaling over US$2.5 million over a four-year period.

With the region’s marquee List A tournament set to bowl off on Tuesday, there is the incentive for the champions to take home a top prize of US$100,000 as well as the Sir Clive Lloyd trophy when they win the grand final on Saturday 11 November under lights at the Brian Lara Cricket Academy.

The losing finalists will receive US$50,000 while the team that tops the points table in the league phase will also get US$50,000. This is the biggest prize money in the history of the tournament.

Dr Kishore Shallow, President of CWI said: “The aim is to incentivize our cricketers, which will ultimately result in more intense and competitive cricket. We expect this along with other developmental programs will help to close the gap between international cricket and our regional tournaments. These new prize monies represent a significant increase in the reward purse for teams in regional cricket. We firmly believe this will act as a fillip to players’ performances and their pursuit of excellence. This is part of our investment in the game and those who fly the flag on the field.”

The increase also extends to all senior men’s and women’s tournaments. There is a big boost in the West Indies Championship that will be played in the first half of 2024. The champions of this traditional “red ball” four-day, first-class competition will win US$250,000. The second-placed team will receive US$100,000.

There is an increase in winnings for the Women’s CG United Super50 Cup and the T20 Blaze. The winners of the 50-overs will receive US$20,000 next year with a minimum increase of US$10,000 annually over the next 4-year cycle. The runners-up will receive half these amounts.

The T20 Blaze winners will also be rewarded with an increase – US$10,000 for the winners next year - with further increases annually for the upcoming four years. The runners-up will receive half these amounts.

CWI is finalizing a new 4-year MOU with the West Indies Players Association, which will see further increases for individual players, including a major boost to women’s remuneration.