Each finalist will receive 45 per cent of the gate receipts from Wembley Stadium, the Football League have confirmed, though only the winner can claim a place in the Europa League.
City’s players will split around £250,000 of the gate receipts in bonuses but the rest will go toward helping the Bantams in their efforts to regain their former heights.
Joint chairman Mark Lawn said: “The money means that if we don’t get promotion this year then hopefully we can keep this side together.
“Of course we are hoping to get promotion as well and maybe getting to the final will instil some more belief into the players.”
The income will also allow Bradford to go on a winter training break to Tenerife, taking the players away from their usual training ground at Apperley Bridge, which is currently under two inches of snow.
Lawn added: “It is such a great achievement to get to Wembley.”