WORLD CUP: Nigeria Emerges As The 23rd Most Expensive Squad In Brazil 2014 At $128m As Spain Tops List

The Spanish team is worth more than $900 million—9.5% of the market value on all World Cup players.

On Thursday, FIFA announced the 23 players for each of the 32 World Cup teams. All put together, these 786 players have a total market value of $9.69 billion, according to the trading site Transfermarkt. The priciest squad taking the field in Brazil this month? Spain. The scrappiest? Honduras.

The Spanish squad’s players have a market value of $916 million, representing 9.5% of the total market. That’s nearly 34 times the Honduran team’s $31.1 million value, which accounts for 0.32% of the market.

Player market value is determined by many factors like individual and club team performance, international experience, contract history and age, which in part explains why Lionel Messi (26) is worth $177 million while Cristiano Ronaldo (29) is worth $147 million.