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Germany players to receive €300,000 each if they win Euro 2016

The German Football Association has announced the bonuses for Euro 2016, with players set to receive €300,000 each if they win the tournament.

World champions Germany will go into the tournament in France as one of the favourites to lift the Coupe Henri-Delaunay in Paris on July 10, 2016.

Following a run of friendlies against England and Italy, the German FA announced the bonuses for the national team players on Thursday.

Every player is to receive an extra €300,000 should they be part of the first German team to win the continental title since Euro '96 in England.

Although for the first time a round of 16 will be played as a result to the expanded starting field of 24 teams, the Nationalmannschaft will have to make it to the quarterfinals in order to receive a bonus.

Just like at the 2012 tournament co-hosted by Poland and Ukraine, the DFB awards €50,000 for reaching the quarterfinals, €100,000 for the semifinals and €150,000 for a loss in the final.

"It speaks for the character of this team that we were able to agree on a modest and sane arrangement," DFB treasurer and designated president Reinhard Grindel said on the side's official website.

He added: "That the bonuses remain on the same level as at the 2012 European Championships is another proof that also after winning the World Cup the sporting value of the tournament is central for the players."

Germany national team manager Oliver Bierhoff highlighted that the players "just like in past years accepted the performance principle," and said that the "uncomplicated" talks between the team council led by captain Bastian Schweinsteiger and the association are a "sign of mutual trust and good foundation for the upcoming challenges."

At the 2008 European Championship in Switzerland and Austria as well as the 2010 World Cup in South Africa, the bonuses for winning the titles were €250,000 per player, whereas every member of the 2014 World Cup-winning squad received €300,000.