On May 24th and 25th, Nassau, the capital of the Bahamas, will host the first edition of the IAAF World Relays. About 800 athletes from 48 countries, divided into 90 male and 64 female teams will compete in five events: 4x100m, 4x200m, 4x400m, 4x800m and 4x1500m. The top eight teams ranked in the 4x100m and 4x400m races, male and female, will automatically qualify for the 2015 IAAF World Championships in Beijing. In addition, the top eight teams in each event will receive a cash prize to the gold medal winners of no less than $ 50,000. For every team that achieves a world record there is a bonus of $ 50,000.