PSL prize money: How much will Kaizer Chiefs or Mamelodi Sundowns get for winning?

PSL prize money: How much will Kaizer Chiefs or Mamelodi Sundowns get for winning?
Photo by Icon sport

The PSL prize money is the most attractive on the continent. No other league in Africa pays out more money to its winner than the PSL.

Perhaps, it explains the competitiveness of the league. Other leagues that make the list of the top ten highest-paying leagues are the Egypt Premier League and the Nigeria Professional Football League (NPFL).

Yet, the combined monies paid by both leagues are not close to the PSL prize money.

A new season is upon us, with the usual suspects jostling for the richest prize. Defending champions Mamelodi Sundowns, Orlando Pirates and perhaps Kaizer Chiefs are the leading lights again.

The 2023/24 DStv Premiership season began on Friday, 4 August.

In the opening weekend of the 2023/24 PSL season, defending champions Mamelodi Sundowns took the short trip up north to play Sekhukhune United at the New Peter Mokaba Stadium.

The Brazilians notched a hard-fought 2-1 win to grab three points and put them on course for the PSL prize money.

With 16 teams jostling for DStv Premiership, the big question is, who wins the prize in the PSL?

PSL prize money; How much is it?

With Orlando Pirates and Kaizer Chiefs already losing ground to Mamelodi Sundowns, all eyes are on the Brazilians to nick it again.

The 13-time league winners have their eyes on the goal. Kaizer Chiefs drew at home to Chippa United, while Orlando Pirates lost to Stellenbosch FC.

The PSL prize money for the top five teams comes to a total of R30.55 million. The breakdown is below.

  • Winners: R15 million
  • Runners up (2nd Position) : R7,5 million
  • Third Position: R3,75 million
  • Fourth Position: R2.5 million
  • Fifth Position: R1,8 million

Other money incentives

psl prize money
Photo by Icon Sport

To avoid the situation where clubs cannot pay their players, as evidenced when TS Galaxy could not pay salaries for two months, the Premier League gives teams participating in the PSL R2 million each month from television broadcasting rights.

There is also the Q-Innovation incentive, which gives teams that finish top of the league in every quarter R1,5 million. Teams stand to win a total of R6 million.
Last season Sundowns won Q1, Q2, and Q3, while Orlando Pirates emerged winner in Q4.

The Nedbank Cup also provides additional incentives, with the winner going home with prize money of R7-million, while the MTN 8 winner receives R8 million.

Mamelodi Sundowns banked R15 million, while Orlando Pirates did a double, winning the MTN 8 and the NedBank Cup. For their efforts, Pirates the Bucs went home with R15 million.

Additional monies come in the form of participation fees in the MTN 8.

Despite reaching the semi-finals last year, the Amakhosi banked R800,000, as it is a winner takes all competition.

The prize money for making it to the semi-finals of the NedBank Cup is R1 million.

  • Q-Innovation: R6 million
  • MTN8: R8 million
  • Nedbank Cup: R7 million

The PSL prize money is lucrative for the DSTV Premiership teams, but Mamelodi Sundowns seems to have found a way to annexe most of it to feather its nest.

Their closest competitor and rival remains Kaizer Chiefs and Orlando Pirates.

Prize money on the continent

The three teams will also have their eyes on the prize pot of the inaugural 24-team CAF African Football League.

The prize money for the African Football League is around a mouthwatering $100 million (R1,96 billion), with the winner receiving $11.5 million (R221 million). Reports suggest that CAF would also award a yearly grant of $5 million (about R49 million) for being part of the Super League.

Meanwhile, Sundowns could also win the $4 million (R78,6 million) prize money if they win the CAF Champions League.

Unfortunately, Kaizer Chiefs are not on the continent and will make do with challenging for the PSL Prize money.

This article was most recently revised and updated 6 months ago

Chooka Izuegbuna is a Sports Journalist with 20 years of experience in print, TV and Radio. He has worked with some of the top media houses in Nigeria, including NTA Network, Channels TV, TVC, Silverbird TV and MITV. Chooka broke his sports reporting teeth with The Game Football Weekly in 2003 as a cartoonist and reporter. Chooka has a passion for football and has been a fan of Enugu Rangers (over 30 years) and Real Madrid (Since 1996).