ICC announces increase in prize-money for 2015 World Cup winners

The International Cricket Council (ICC) has announced that a team's unbeaten run to the Cricket World Cup title would earn the winner more than four million dollars.

Along with a 20 per cent increase in prize-money, the tournament organisers have also confirmed that no super overs would be added to decide matches tied in the playoffs stages, thus lessening the drama.

The ICC confirmed the changes for the 10th World Cup to be played in New Zealand and Australia in February and March, Stuff.co.nz reported.

The winners of next year's elite tournament would take home 3.975 million dollars, but if a team remains unbeaten that would rise to more than 4.02 million dollars.

The ICC raised the pot of prize-money from 8.01 million dollars to 10 million dollars.

The team which loses the March 29 final at Melbourne would pocket 1.75 million dollars while the two losing semifinalists would get 6,00,000 dollars each.

The four losing quarterfinalists would bag 3,00,000 dollars while the winners of each group matches would get 45,000 dollars per match. The six teams eliminated from the first stage would get 35,000 dollars each.

The ICC confirmed the title could be shared under rule changes made for the business end of the tournament that eliminates the use of a super over. In case of a tied quarterfinal and semifinal, the side finishing in the higher position in the group stage would progress. And if the final is tied or if the match is a no-result, then the teams would be declared joint winners, the report added.