Collingwood and St Kilda will split the $1.7 million on offer to the winner of the first grand final, while the winner of Saturday's replay will receive $1.1 million and the loser will receive $600,000.
The players from each club will receive half their club's share of the original $1.7 million, while the players from the eventual victor will also receive $500,000 of the $1.1 million. The losing club's players will share an extra $300,000 from the $600,000 consolation prize.
The players' share of the prizemoney received will be distributed among the entire playing list, according to how many games they played during the season.
“It is important that the players who put on the show also receive a benefit from the replay and we believe this will benefit all players that have played a part in the two teams reaching the grand final,” AFL CEO Andrew Demetriou said.
AFLPA chief executive Matt Finnis applauded the League's decision to effectively double the grand final prizemoney.
“It is only right that the players who put on the show get access to a second pool of prizemoney for the grand final rematch,” Finnis said.
“After all, it’s the players that everyone is coming to see. And it’s the players whose extraordinary efforts led to every footy fan seeing one of the greatest grand finals in the history of the game."
Finnis also lauded the decision to award premiership medallions to any players from the winning club who played in the first drawn game and not in the replay.
He said the association was still seeking an estimate of how much AFLPA members would receive from the League's extra profits from the replay. Under the collective bargaining agreement, players receive a one-third share in any profits above those forecast by the League.
In addition to the extra prizemoney, the two competing clubs will each receive $500,000 contributed by the AFL and Channel Seven to cover any out-of-pocket expenses resulting from last Saturday's draw.
Both clubs were forced to cancel planned family days on the Sunday after the first grand final, as well as postpone best and fairest functions that were due to be held this weekend.
Channel Seven CEO David Leckie said the network was happy to make a significant financial contribution to both clubs. It is expected the replayed game will deliver millions in advertising revenue and Demetriou thanked Channel Seven for its contribution.
Demetriou also said the League would share some of the windfall profits from the replayed grand final by contributing $100,000 to four of its charity partners:
- Ladder, a joint project between the AFLPA and the AFL to provide homes for the homeless;
- Reach, the youth organisation founded by Melbourne president Jim Stynes;
- Reclink, which runs football programs for the unemployed and disadvantaged;
- The AFL Cape York Alliance, incorporating AFL Cape York House which will be a boarding facility for indigenous youth in Cairns.
The League will also give 100 grand final tickets from Collingwood and St Kilda's allocations to community groups nominated by each club.
A further 100 tickets will be shared equally among five other charities - Very Special Kids, Women’s Domestic Violence Crisis Service Victoria, 20th man Fund, Reach and the Ladder Project for distribution to people who need help. Each organisation has already identified the people who will receive the tickets.
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