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African Cup of Nations winner to get $1.5 million

BATA, Equatorial Guinea (AP) - The winner of the African Cup of Nations will get $1.5 million, the losing finalist will make $1 million and every one of the 16 teams participating at the tournament will receive at least $400,000.

Tournament organizer the Confederation of African Football says the total prize money on offer at the continental championship in Equatorial Guinea is $10 million, compared to the more than $350 million FIFA gave out to teams at the World Cup in Brazil. Germany alone took home $35 million for becoming world champion last year.

At the African Cup, the reward for making the quarterfinals is $600,000, and $750,000 for reaching the semifinals.

This year's tournament kicks off Saturday in Equatorial Guinea, a late change in host country after Morocco pulled out citing fears over Ebola.

Equatorial Guinea team pose for photographers during their stadium visit ahead of the opening African Cup of Nations Group A soccer match in Bata, Equatorial Guinea, Friday Jan. 16, 2015. (AP Photo/Themba Hadebe) The Associated Press
Equatorial Guinea players take a photograph using a mobile phone during their stadium visit ahead of the opening African Cup of Nations Group A soccer match in Bata, Equatorial Guinea, Friday Jan. 16, 2015. (AP Photo/Themba Hadebe) The Associated Press