This year looks to have more competition for the three categories of:
Rookie GM of the Year
GM of the Year
Writer of the year
So the prize money is being bumped up, to 6 million for first, and 2 million for runner up, for a total of 24 million. Remember this money is paid at the end of the year, but technically comes from the IFA funds.
For a reminder, here is what is involved in determining a winner:
GM of the Year - Factors to consider would be improvement of record, offseason moves in this past offseason, trades, dealing with injuries, etc. This would be considered from day after last years playoffs through this years World Series. Overall record would be a smaller part of this. If you didn't make any moves in that time, but ended 130-32 you're not going to win. More for activity to improve your team in that time period. Voted on by the league.
Rookie GM of the Year - same as above, but only owners with 2 or fewer offseasons are eligible. I say two because owners like Pittsburgh got their team out of debt last year, but couldn't do much in the offseason free agent market last year.)
Writer of the Year - 4 Million - Basically posting in the sim discussions and stories section.