MIAMI BEACH, Fla. (AP) — Prize money is being added for next season’s CONCACAF Champions League.

The Confederation of North, Central America and Caribbean Association Football said Wednesday that the winning team of the 24-club tournament will get $500,000 from a $1.2 million prize money pool.

The loser of the final will get $300,000, and the losing semifinalists will each receive $200,000.

There was no prize money in the 2015-16 tournament. This year’s edition starts in August.

Mexico’s Club America has won for the past two years.

In Europe, Real Madrid earned a 15 million euro ($16.8 million) payment for winning this year’s UEFA Champions League, losing finalist Atletico Madrid earned 10.5 million euros ($11.75 million) and the losing semifinalists earned 7 million euros ($7.84 million) apiece.

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