AFL Prize Money

The AFL is Australia’s most elite and competitive professional sports league for playing Australian Rules Football. It started as an organization in 1897 and now stands as one of the nation’s favorite sports leagues.

In this article, I will tell you the AFL 2024 prize money.

For those who don’t know what Australian Rules Football is, It is a unique sport that has been played for over a century. It features two teams of eighteen players who compete on an oval-shaped field with an oval-shaped ball.

The objective is to kick the ball through four goalposts at either end of the field to score points.

Players can also move the ball by hand, passing or punching it with their closed fists. AFL is an Australian Rules Football league.

The AFL (Australian Football League) season runs from March to September and consists of 23 rounds plus finals games.

The top eight teams at the end of the regular season compete in a four-week finals series to determine the premiership winner.

Brief Overview of the 2024 AFL Prize Money

As of 2019, the premier receives $1.2 million in prize money, with $660k for the runners-up. However, due to the COVID-19 crisis, the prize money for 2020 was reduced.

In 2010, the AFL doubled the Grand Final prize pool to $3.4 million, split between Collingwood and St Kilda players and clubs to showcase their efforts in staging back-to-back deciders.

Looking ahead to 2024, we see that prize money is expected to increase again based on recent trends within the league’s revenue growth.

Exact figures have not yet been released, but it can be expected that the winners of the 2024 Premiership will receive a record-breaking prize package.

Grand Final Winner and Runners-Up

The Grand Final is the most important game in the AFL season, with the winner crowned the premiers for that year. As such, it comes with a significant prize purse.

The winning team receives substantial prize money, while the runner-up also gets a decent consolation prize.

In 2021, the Grand Final winner, Melbourne, received $1.8 million in prize money, while runners-up Western Bulldogs took home $900k.

This increased from 2021 when Richmond won $1.4 million, and Geelong received $900k as runners-up.

Early Years (1897-1949): The First-Ever AFL Premiership

In 1897, eight teams competed for the first-ever premiership in the newly-formed Victorian Football League (VFL), later known as the AFL.

The winner was awarded a Challenge Cup trophy and £25 prize money. At that time, this was considered a significant amount of money.

The prize money structure changed over time during these early years.

In 1908, winners were awarded £50 while runners-up received £25. By 1925, winners received £200 while runners-up received £100.

Changes in Prize Money Over The Years

As time passed and more teams joined the VFL/AFL competition, prize money increased to keep up with inflation and maintain competitiveness among players and clubs.

For instance, in 1954, when Footscray won their first premiership, they received prize money totaling £5250 – a considerable increase from what was offered decades earlier.

Recently, changes in revenue generated from broadcast rights deals have significantly increased prize money offered to winning teams.

For instance, between 2011 and 2016, winners were awarded $1 million while runners-up received $500k – a far cry from what was offered during those early days of AFL.

Modern Era (1950-2022): Increase in Popularity, Revenue, and Record-Breaking Prizes

The AFL has experienced a significant surge in popularity over the years. This rise in popularity has contributed to the revenue generated by the league, which is reflected in the prize money awarded to premiership winners.

For instance, between 2017 and 2021, premiership winners were awarded $1.5 million while runners-up received $900k.

These modern times have also seen record-breaking prizes being awarded to premiership-winning teams.

In 2019, Richmond Football Club won their second premiership title in three years and received a whopping $2.5 million – the highest ever offered by the AFL.

Prize money has always been a significant part of AFL history and has evolved significantly over the years due to changes in revenue, popularity, and other factors affecting the game.

These changes have resulted in increased prize money offered to teams and record-breaking prizes being awarded – all contributing to making AFL a highly competitive sporting event.

Factors Affecting Prize Money

Several factors can influence changes in prize money within any league or sport: viewership numbers (both TV ratings and stadium attendance), sponsorship deals ( partnerships with major brands), merchandising sales (official merchandise vendors), and overall popularity amongst fans/media.

The AFL is no different, and the league has experienced a steady increase in revenue streams over the years.

Introducing new teams, like Greater Western Sydney and Gold Coast Suns, has brought new audiences and increased viewership numbers during regular season matches.

Additionally, the success of marquee events like the Grand Final has helped boost the league’s visibility.

However, it is also important to note that factors such as a global pandemic or economic recession can significantly affect prize money.

For example, during the COVID-19 pandemic in 2020-21, AFL had to significantly cut its prize pool due to reduced revenue-generating opportunities such as ticket sales and corporate sponsorships.

Winning Teams and Players

Since its inception in 1897, the Australian Football League (AFL) has undergone several name changes and expansions but has remained a beloved sport in Australia.

The league includes 18 teams across the country, with Victoria boasting 10.

Over the years, there have been 14 different teams to win the Premiership Cup, with some winning multiple times.

The Carlton Blues have won the most AFL premierships with a total of 16 wins, followed by Essendon and Collingwood, who are tied at 15 each. Other notable teams include Richmond with 12 wins and Hawthorn with 11.

In 2020, the Richmond Tigers became back-to-back champions after defeating the Geelong Cats in a historic grand final at The Gabba in Brisbane.

Highlighting Some Remarkable Players Who Have Won Multiple Times

Just like teams, there have been several players who have made history by winning multiple premiership titles.

One such player is Michael Tuck, who played for Hawthorn from 1972 to 1991 and won seven premierships.

He holds the record for most Grand Final appearances with a total of eleven. Another notable player is Leigh Matthews, who played for Hawthorn from 1969 to 1985 before becoming coach of Collingwood and then Brisbane Lions.

Matthews won four premierships as a player and coached Collingwood and Brisbane Lions to win 3.

Other remarkable players include Graham Farmer, who won six premierships playing for Geelong Cats, and Ian Stewart, who won five playing for Richmond and St Kilda.

Future Prospects for AFL Prize Money

Experts anticipate increasing AFL prize money and predict it will persist. AFL’s recent surge in popularity and revenue is reflected through increased player/team payout.

One factor contributing to the potential increase in AFL prize money is the league’s ongoing expansion efforts.

Adding new teams to the competition means more revenue from ticket sales, merchandise, and media rights – all of which will contribute to an increased prize pool.

Additionally, as the AFL continues to attract top talent worldwide, players’ salaries are likely to rise further, pushing up overall costs and increasing prizes.


Throughout this article, I have explored the rich history of AFL Prize Money and its significance in the Australian Football League.

However, the AFL 2024 prize money is not confirmed yet. Over time, as revenue increased and popularity grew, so too did the prize money on offer.

Golam Muktadir is a passionate sports fan and a dedicated movie buff. He has been writing about both topics for over a decade and has a wealth of knowledge and experience to share with his readers. Muktadir has a degree in journalism and has written for several well-known publications, including Surprise Sports.