Music City Bowl 2023 prize money has been revealed, as the match is scheduled for December 30, 2023. The Nissan Stadium in Nashville, Tennessee, will host this prestigious event, which can accommodate 69,143 people. The Bowl City is a college football game featuring teams from different conferences, such as the Atlantic Coast Conference, the Big Ten Conference, or the Southeastern Conference. The 2023 edition is going to be thrilling as the teams have completed their preparation. Further, TransPerfect is sponsoring this match, adding more flavor to the fire.
Music City Bowl Prize Money Formula
The Music City Bowl prize money follows a complex formula and some critical adjustments every year to make sure that each team has its hands on a good sum. The complete prize breakdown structure is below.
Academic Progress Rate Share
All the conferences will receive an NCAA Academic Progress Rate of $300,000 for each of its schools in a post-season football game. Also, the independent institutions will receive the same amount when their team meets the same standards and participate in the game.
College Football Playoff Semifinal Share
The conferences will receive an additional $6 million per team when they qualify for the College Football Playoff semi-finals. However, the conferences won’t get any additional share even if their teams reach the National Championship Games.
Non-Playoff Bowl Share
An extra $4 million will be delivered to the bank of the conference for each of its teams, which play in the non-playoff bowl in the College Football Playoff. The Music City Bowl 2023 is one of these games.
Playoff Expenses Share
To cover the expenses of the playoff semifinal, Cotton, Peach, or Fiesta Bowl, or in the National Championship Game, a lucrative total of $2.74 million will be added to the total purse of every participating conference.
FCS Distribution Share
In addition to the above-mentioned shares, the conferences that play in the Football Championship Subdivision will receive $2.96 million.
|Academic Progress Rate||$300,000 per team|
|College Football Playoff Semifinal||$6 million per team|
|Non-Playoff Bowl||$4 million per team|
|Playoff Expenses||$2.74 million per team|
|FCS Distribution||$2.96 million in aggregate|
Music City Bowl 2023 Prize Money
The Music City Bowl 2023 prize money is $5.7 million. The two participating teams will bank their share on the match day per specific percentage. As estimated, the winner will receive a 60% share of the total prize, whereas the runner-up will pocket 40%.
|Runner up||40%||$2.28 million|
One notable point is that the total prize money is subject to change based on different factors. These include marketability, performance, and attractiveness of the team, availability of tickets, and sponsorships.
All these are the details about the Music City Bowl 2023 prize money breakdown. The match will be live on December 31, 2023. The two top teams of the non-playoff bowl will come across each other. Thus, the dominator will pocket the handsome share of the announced money. However, there are chances that the amount will change if the ticket sales or sponsorships bring more revenue than expected. All the changes will be available here. Stay tuned for more information!