MLB Home Run Derby prize money: How much does the winner make from 2026 competition?

Jul 13, 2026 - 08:15

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MLB Home Run Derby prize money: How much does the winner make from 2026 competition? originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.

The Home Run Derby officially kicks off MLB All-Star week, as some of the game's biggest sluggers look to add their names to an elite list of past winners.

For most players, the Derby is simply a chance to have fun and showcase their power in front of a national audience. However, a few contestants could have their eyes on the prize money, which is enticing to those still early in their career.

Home Run Derby winners typically don't participate for the money, but it's nice to know that winning the entire contest will lead to a hefty sum of money. While there are other prizes in play, the money is what the winner will covet first and foremost.

Here's how much money is on the line in the Home Run Derby.

MORE: Who is in the Home run Derby?

Home Run Derby prize money

Champion: $1 million
Runner-up: $500,000
Remaining participants: $150,000
Longest home run: $100,000

The Home Run Derby winner is set to take home $1 million, which is more than what many players make for an entire season. Players like Ben Rice, Jac Caglianone and Jordan Walker could end up making more by winning the Home Run Derby than they will with their salary for the 2026 campaign.

The player who finishes in second place during this event will receive $500,000, a respectable number in its own right. The other six players then will get $150,000 for participating, and the player with the longest home run will get an extra $100,000.

Who is participating in the Home Run Derby?

There will be eight contestants in the Home Run Derby, with many new names stepping into the spotlight this year. Here's who is participating in the event this season: