The third division involves two ten-team groupings. A similar procedure is followed as in other divisions. Division IV was created for the 2020 Men's Ice Hockey World Championships and is the lowest level of the IIHF World Championships.
The International Ice Hockey Federation is in charge of organizing the competition. Since 1977, all professional and amateur players have been welcomed to compete in the World Championships. Notably, this competition takes place during the Stanley Cup playoffs in the NHL. Therefore, NHL players usually are only eligible when their team fails to qualify for the playoffs of NHL or has been eliminated from the Stanley Cup.
What is the prize pool for this tournament?
Usually, the IIHF does not reveal the prize money. Gold, silver, and bronze medals are awarded to teams in the top three . The top teams in the men's world championships get the prize money from the IIHF. According to the press, Sweden, the 2017 winner, won a total of just over 1.5 million dollars. The federations take most of the money and utilize it to fund the game's growth and development.
However, some of the money is distributed to the players. The majority of the time, federation officials will not specify how much. The team then decides how to distribute it. Additionally, the governments of each country may award bonuses to their teams. Usually, the prizes type of medal and their numbers determine the amount the teams receive.