Winning the Stanley Cup is worth nearly $2 million for the members of the championship team, and the losing team will get slightly more than $1 million, according to a league representative.

The players on each team decide how to divide the money among themselves, coaches, trainers and other team staff, league representative Greg Inglis said.

While this year's figures have not been determined, the total amount of monetary awards provided by the league for playoff and regular season bonuses will be $11 million — an increase of $1 million from last season. That figure includes bonuses for regular season finishes and individual awards such as the Conn Smythe (playoff MVP), Norris (best defenseman) and Art Ross (scoring leader) trophies.

Of the nearly $10 million awarded last year, almost $7 million went to playoff bonuses. First-round losers received $175,000; second-round losers $350,000; and conference finalists $675,000. The Philadelphia Flyers, who were swept in the Stanley Cup finals by the Detroit Red Wings, received $1.075 million, while the Red Wings received $1.75 million.

Among regular season awards, the President's Trophy for earning the most points in the regular season is the most lucrative. Last season, the Colorado Avalanche received $200,000 for its players and $100,000 for the club for leading the league with 107 points — and that's on top of a $425,000 bonus for being a division winner.