2013 NBA Championship Prize Money
The Miami Heat, who have now won their third NBA championship in team history, get to take home the Larry O’Brien trophy for the second time in as many seasons. The team also gets to take home a little pocket change: $3,811,608 in playoff bonus money.
In the NBA, there is no championship prize money per se – just a $13 million “Player Playoff Pool” that is funded by playoff gate receipts and is then allocated to playoff teams. The amount earned escalates as one’s team advances in the playoffs.
As a team, the Heat earned $2,302,232 from the pool for winning the championship, compared to the $1,525,515 the San Antonio Spurs received as runner-up.
Earlier, the Heat earned $374,947 for finishing with the best record in the NBA, another $328,078 for finishing with the best record in the Eastern Conference, $194,016 for participating in the first round of the playoffs, $230,853 for participating in the Conference Semifinals, and $381,482 for participating in the Conference Finals.
The $13 million pool is distributed to teams as follows:
Thus, here is how the funds will be distributed for the 2013 postseason:
Each team can choose to divide the money as it deems appropriate. It is often the case that team captains decide upon the methodology.
Some teams opt for equal divisions. Others divvy up shares based on players’ importance to the team. Some include players who were cut during the season. Some figure assistant coaches, team trainers and other staff into the distribution.
Head coaches are not included in the distribution. They receive separate and direct compensation, also funded by playoff gate receipts, equal to the aggregate amount of their teams’ distribution from the pool, divided by 12. Heat head coach Erik Spoelstra will receive a $317,634 distribution.
Last season, the Heat earned a total of $3,372,278, slightly below this year’s total because the team finished the regular season with the second best record in the Eastern Conference. The year before, when the pool was set at $12 million, the Heat earned $2,395,903.
The playoff pool jumps to $14 million next season.