Valve has just released the news that there will be a $1 million cash prize for the upcoming tournament which will be held in Cologne, Germany from August 17 - 21.

16 teams will compete for the number 1 spot, and a slice of a million dollars.


The tournament will be broadcast in four languages (Chinese, German, Russian, and English) free of charge. The winning team will receive $1 million.


More info can be found here & here