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

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 moneyChampion: $1 millionRunner-up: