Cash prizes at the CrossFit Games are going up. And up. And up.

In the first seven years of the CrossFit Games, athletes were awarded total payouts of approximately US$4,000,000. In the next seven years, total prize money will exceed $16,750,000.

Beginning this season, Reebok will expand the prize purse each year for the next seven years. The total payout in 2014 will grow to $1,750,000. Next year, the prize purse will jump to $2,000,000. After 2015, the payouts will increase by an additional $200,000 each year until it reaches $3,000,000 in 2020.

"The sport has come a long way in the first eight years. The competition and the athletes are evolving, and the increased prize purse reflects the opportunities CrossFit is creating for the fittest athletes. Our partners at Reebok are helping make that happen," said Justin Bergh, General Manager of the CrossFit Games. "The money isn't being given away; it's being earned."

The additional prize money will impact more than just the top couple athletes. Last year paid down to 10th place. At the 2014 Reebok CrossFit Games, the top 20 men and 20 women will take home prize money. First place will still receive $275,000, while the second- and third-ranked athletes will receive an extra $10,000. For athletes who finish in fourth through 10th places, the payouts will be double from last year.

Speaking about the announcement Chris Froio, Vice President Fitness and Training at Reebok, said: "We're committed to the long term growth of CrossFit and the CrossFit Games. This increased investment is going directly to the athletes who make the sport great."

Like in 2013, there will also be payout of $3,000, $2,000 and $1,000 for the top finishers in each individual event.

Since the inaugural CrossFit Games in 2007, male and female athletes have always earned equal prize money.

Individuals

1st - $275,000

2nd - $75,000

3rd - $45,000

4th - $20,000

5th - $18,000

6th - $16,000

7th - $14,000

8th - $12,000

9th - $11,000

10th - $10,000

11th - $9,000

12th - $8,000

13th - $7,000

14th - $6,000

15th - $5,000

16th - $4,000

17th - $3,500

18th - $3,000

19th - $2,500

20th - $2,000



Per Individual Event

1st - $3,000

2nd - $2,000

3rd - $1,000



Team

1st - $40,000

2nd - $20,000

3rd - $10,000



Masters

1st - $10,000

2nd - $5,000

3rd - $3,000

Total Payout in 2014

$1,750,000