The International Cricket Council announced on Monday that the winner of the much-anticipated ICC World Test Championship (WTC) final between India and New Zealand will receive a payment of $1.6 million as well as the ICC Test Championship Mace.
The losing team will receive $800,000 for placing second in the nine-team competition.
Which was held over a nearly two-year period in order to give context to Test cricket and award the first recognize global champions in the game’s longest format.
The team that finishes third in the ICC World Test Championship Standings will receive $450,000 in prize money.
The fourth-place team will receive $350,000. The fifth-place team will receive $200,000, and the remaining four teams will each receive $100,000.
The Test Mace, which was previously awarded to the teams that finishes first in the ICC Men’s Test Team Rankings. It will now be awarded to the WTC winners.
If the final is a draw or a tie, the first and second place winners will split the prize money and share possession of the Mace for the duration of their reign as champions.
About the Mace

The Mace is based on the global character of Test cricket and the contending nations.
Meanwhile, it was design by English luxury company Thomas Lyte.
The cricket ball is the Mace’s focus point since it is at the heart of the game, whether it is bowled, hit, or fielded.
The world encircles the ball, indicating Test cricket’s global reach, and the silver gilt cricket ball is visible through the oceans of the map, according to the ICC.
The countries of the world are supported on the longitude lines seen on a globe.
Allowing for a wonderful interplay of light on the various surfaces, particularly as the mace moves and catches that light.
A central belt also encircles the globe, bearing the symbols of all 12 competing Test nations. With room to add more in the future.
The mace’s shaft is design as a stump, with a silver gilded laurel band spiralling up the shaft. A tribute to the all-important wicket.
ALSO READ: Watch-MS Dhoni Races With His Horse, Wife Sakshi Shares An Adorable Video