Riot Games will offer teams that are accepted into its Valorant partnership program an estimated yearly stipend that could be in excess of $1.5 million, multiple sources have told Dexerto.
The Valorant partnership program interview phase is slowly coming to an end, and with this, a lot of new information has been revealed to organizations, including the amount of money that they will be receiving annually from Riot Games if they are accepted into the program.
According to sources, the estimated stipend amount will fluctuate between regions but will at least be around the $1 million mark.
Organizations that make it to Riot Games’ EMEA partnered league will receive an estimated stipend in the range of $1 million to $1.5 million. The American partners will be entitled to the same amount if not a slightly higher sum, according to three sources.
Meanwhile, the Asian partners will receive a bit less due to the region’s lower operational costs when compared to Europe and America.
A revolution in Valorant esports
Riot Games announced on April 28 that it was bringing a partnership program to Valorant at the start of 2023, replacing the open circuit that has been in place since the game’s release.
With international leagues in Europe, Asia and the Americas, the new system sees the partnered teams, selected by Riot, receive an annual stipend to help with operational costs. This is a departure from the traditional franchise model, like in the Overwatch League, the Call of Duty League or Riot’s LCS and LEC, where there’s a flat buy-in fee that organizations have to pay.
Riot Games is moving away from the franchise model implemented in League of Legends
In recent weeks, several organizations, including Luminosity, Complexity and New York Fury, have either left Valorant esports entirely or taken a step back from the scene after being turned down by Riot Games.
The interview process for the partnership program is still underway in all three regions, with Riot Games expected to make a decision on the teams that will compete in its 2023 circuit ahead of Valorant Champions, the year-end event in Istanbul, according to a July 20 report from Dot Esports.