The government may be offering Team New Zealand $5 million after their America's Cup win, but the cost of keeping the competition in Aotearoa is another discussion altogether, ministers say. Team New Zealand's skipper Peter Burling (C) holds the America's Cup, affectionately known as the Auld Mug, after winning the 36th America's Cup against Luna Rossa Prada in Auckland. Photo: AFP The minister responsible for America's Cup support, Stuart Nash, told Morning Report the offer of $5 million for Team New Zealand was quick off the mark because the government wanted to ensure the team stayed in New Zealand and together. However, there were conditions on that money.