Rewards for Finishing position in the Prem

Just reading about the financial rewards linked to where your finish in the EPL, from the Indy:

 

4. Prize-money is stifling transfer-window activity

One reason for the lack of activity in this month's transfer window is the value of finishing positions in the Premier League. Each place is worth an extra �756,000, which is one reason Fulham, for example, appear happy to keep Andrew Johnson and risk him leaving in the summer on a free transfer. His goals may propel them up three places.

As I was not sure about how it worked I googled it and came across this article

 

Just putting it out there for those like me who were a bit vague on the whole league fund thing.