The best-performed club across the AFL and AFLW competitions will receive a $1 million prize and be awarded the McClelland Trophy from this year.
The money will be shared by players and the winning club, with the split to be determined in the ongoing collective bargaining agreement negotiations between the AFL and AFL Players Association.
The 'champion club' will be determined as the club with the most points at the end of the men's and women's home-and-away seasons.