Cricket West Indies has announced an increase in prize money and bonuses for teams participating in the CG United Super50 Cup.

The tournament set to bowl off tomorrow, with the champions to take home a top prize of US$100,000 as well as the Sir Clive Lloyd trophy.

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.

CWI says this is the biggest prize money in the history of the tournament.

It says the increase also extends to all senior men’s and women’s tournaments such as the West Indies Championship which will be played in the first half of 2024.

The champions of that traditional “red ball” four-day, first-class competition will win US$250,000, while the second-placed team will receive US$100,000.

CWI says there is also 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 President Dr Kishore Shallow says the aim is to incentivize cricketers, which will ultimately result in more intense and competitive cricket.