The ELEAGUE CS:GO Premier 2017 will kick off Sept. 8 with 16 teams competing for the $1 million prize pool, Turner Broadcasting announced Wednesday.

While the prize pool is $100,000 less than Season 2's $1,100,000 prize pool, Turner's press release says the winning team will receive $500,000, which is a larger share than the $400,000 previous ELEAGUE winners earned. It is currently unknown how the prize pool will be distributed below first place.

Turner Broadcasting's flagship esports tournament series, the CS:GO premiers have seen a steady decline in prize pool since Season 1 debuted with $1.4 million. Meanwhile, ELEAGUE's Street Fighter V invitational had a $250,000 prize pool and its Clash for Cash show match between ELEAGUE Major finalists Astralis and Virtus.pro also had $250,000 on the line. ELEAGUE's Overwatch Open in 2016 had a $300,000 prize pool.

The 2017 Premier will run for six weeks with each of the four groups competing each weekend of September with eight teams participating in the playoffs set to run Oct. 12-13. On Sept. 1, Turner will air an hour-long preview episode.

“We couldn’t be more excited for the return of Counter-Strike as the game’s elite teams and players prepare to compete in the upcoming ELEAGUE CS:GO Premier 2017,” ELEAGUE general manager Christina Alejandre said in a statement. “We’re looking forward to showcasing a tournament field that will provide a compelling live event experience and must-see content for our audiences across all platforms.”

ELEAGUE previously announced 12 teams — including past winners Virtus.pro and Optic Gaming — had been invited to the event with the four final slots going to the winners of an open qualifier to be held Aug. 26 to Aug. 27.

Sasha Erfanian is a news editor for theScore esports. You can follow him on Twitter.

Daniel Rosen is a news editor for theScore esports. You can follow him on Twitter.