MONACO (AP) — The Diamond League track and field series is set to increase its prize money next season, World Athletics said Wednesday. The announcement comes as the World Athletics president Sebastian Coe bids to become president of the International Olympic Committee.

Annual multi-sport event Diamond League will increase its prize money to more than $9 million in 2025, the highest in the history of the series, the organisers said on Wednesday.

The Diamond League, track and field’s annual international circuit, is increasing its prize money to its highest level since its creation in 2010. The total prize money for the 2025 season — $9.24 million — is almost one-third higher than in the 2021-24 period, according to a press release.

On Wednesday, the Wanda Diamond League announced that it will increase the prize money pot for the 2025 season to the highest it's ever been in the circuit's history. In a decision made by the Diamond League General Assembly on Sunday, the league will award a total of $9,240,000 over the course of 15-meeting season in 2025.

The Wanda Diamond League will increase athlete prize money to the highest levels in the series’ history from next season.

The Diamond League will offer record prize money to athletes in 2025 as World Athletics’ flagship series looks to ward off the threat of Grand Slam Track. Michael Johnson’s upstart venture will launch next year and has already recruited some of athletics’ biggest names,

Meeting records from Olympic champions Faith Kipyegon, Beatrice Chebet and Mondo Duplantis were among the standout performances at the Wanda Diamond League Final