The prize money for Chan would total US3.2m (about R34m) the Local Organising Committee (LOC) said.
The winner of the tournament would earn US750,000 (about R8.1m), the runner-up US400,000 (about R4.3m), and the third and fourth placed teams US250,000 (about R2.7m) each.
The losing quarter finalists would take home US175,000 (about R1.9m) each, the teams placed third in the group stage US125,000 each, and those placed fourth in the group stage US100,000 (about R1m) each.
The tournament, which is being hosted by South Africa, ends on February 1.
– Sapa
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