The third season of Show Me the Money (SMTM3), which aired in 2014, saw a huge change in production as prominent figures of the Korean hip-hop scene participated in the show. Over 3,000 people auditioned this season, 1.5 times the amount last season, including underground rappers, non-Koreans, students, and previous SMTM contestants. The winner receives one hundred million won prize money, a record deal, and an opportunity to hold a special performance.

Notable contestants that did not make it to the Top 16 include ODEE of Vismajor, Beall, Changmo, Sapo, New Champ, Kang Chun-hyok (a North Korean rapper and artist), Tymee (E.via), Jolly V., Kisum, ult from Kinetic Flow, Born Kim, Kim Hyo-eun and Tarae.

The show, however, had been criticized for its editing by its producers and contestants. Despite this, songs from the show have successfully dominated music charts more than once.

Producer Teams (Judges) 
Team Brand New Music ("Team Swings & San E"):
 Swings: Previous contestant of SMTM2
 San E
Team Illionaire ("Team Dok2 & The Quiett"):
 Dok2
 The Quiett
Team YDG:
 Yang Dong-geun
Team YG ("Team Tablo & Masta Wu")
 Tablo
 Masta Wu

Teams (Top 16) 
Team YG
 Olltii
 B.I
 Yuk Ji-dam
 Snacky Chan
Team YDG
 Iron
 Giriboy
 Han Sangyup
 Jung Sangsoo
Team Illionaire
 Bobby
 Chamane
 Toy
 Pyungan
Team Brand New
 Vasco (now known as BILL STAX)
 C Jamm
 Boo Hyunsuk
 Sung Janggun

Rounds

Round One - First Round Auditions 
Groups of one hundred contestants come up at a time, and one by one contestants must rap a cappella in front of a producer. In order to pass onto the next round, contestants must meet the producer's judging criteria and be given the SMTM necklace. In particular, YDG caused much commotion by using his ambiguous judging criteria to pass rappers that other judges would not have passed.

Round Two - Solo Judgement (Second Round Auditions) 
Contestants prepare a one-minute rap using a beat of their choice and perform alone in front of all the producer teams. In order to pass this round, contestants must receive at least one pass from one of the producer teams. If all four producer teams press the elimination button before the 60 seconds is up, the contestant fails. Again, YDG passed rappers that other producers did not deem appropriate, causing them to give him the nickname "hip-hop rescue team". 96 of the 3000 plus contestants from Round One made it to this round.

Round Three - 1:1 Battle (Third Round Auditions) 
Contestants pair up for a 1v1 rap battle. The host chooses a contestant at random, who is then able to pick their opponent. The two contestants will then select one of the 12 given beats to perform together within a time limit. The producers eliminate one of the two contestants based on the performance. In the event of a tie, the two contestants must rap freestyle to a beat. 46 of the 96 rappers from Round Two made it to this round.

Revival Round 
The producers picked four eliminated rappers. Picking either X or O out of a hat, the four were randomly assigned a battle.

Round Four - Team Selections (Top 16) 
A SMTM3 special concert was held in which the producer teams each gave a performance. Afterwards, contestants must select a producer team that they want to be in. If a producer team does not get at least four members, the producer team and the members that chose them will be eliminated. 

One by one, contestants must choose their desired producer team by entering the respective room. After initially choosing a room, contestants were then given a chance to switch rooms, and this saved Team Illionaire—which only had three members at first—from elimination. 25 rappers made it to this round. 8 chose Team YG; 6 chose Team Brand New; 6 chose Team Illionaire; and 5 chose Team YDG. Out of all the rappers that chose them, producer teams must choose four to form their team. This Round formed SMTM3's Top 16 rappers.

Round Five - Individual Performances 
Prior to the performance, the producers decide, using their own method, on one person to eliminate. This formed the season's Top 12 rappers.

A rapper is chosen at random to perform, and the audience votes and decides the 1st to 12th place rappers. 195 people in total voted. A team score is generated based on adding up the members' scores and the teams are then ranked: Team Illionaire came in last; Team YDG third; Team YG second, despite two of their rappers forgetting their lyrics; and Team Brand New first. The top team gets the advantage of deciding the Round Six battles.

Round Six - First Round Performances 
Round Five's winning team decided the team battles, which were: Team Brand New vs. Team Illionaire, and Team YDG vs. Team YG. Members of each team were ranked 1st, 2nd, and 3rd from Round Five. The top rapper automatically gets to perform and go to the next Round, but the producers must choose one person out of 2nd and 3rd place rappers to perform, thereby eliminating the other. The 2nd and 3rd place are to prepare two versions of the same song, and on the day of the rehearsal the producers conducts the selection, based on the rappers' performance. This formed the Top 6 rappers. Vasco, IRON, Bobby, and B.I were first in their teams last Round and guaranteed a spot in the first round performances.

During their performance, each rapper gets performance money based on votes from the audience. Team members' performance money are then added up to get the team's overall performance money. The losing team of the team battles gets their lowest-earning performer eliminated.

Round Seven - First Round of Finals 
The theme is "Love". Rappers collaborate with a special guest rapper.

Again, each rapper gets performance money during their performance based on votes from the audience. Team members' performance money are then added up to get the team's overall performance money. The losing team of the team battles gets their lowest-earning performer eliminated. Team YG was eliminated.

Round Eight - Semi-finals 
The match list for the semi-finals was decided by the top winner last round, C Jamm. The theme is "Money". Team Brand New remained undefeated until this round, but Bobby won Vasco by a difference of 10 votes. Team Brand New was eliminated.

Round Nine - Final Round 
Bobby won the first round of voting, as well as the final results. After losing continuously throughout the whole season, Team Illionaire won Show Me the Money 3.

Top Contestants 
Top 12:
 Team Brand New: C Jamm, Vasco, Boo Hyunsuk
 Team YDG: Iron, Giriboy, Han Sangyup
 Team YG: Olltii, B.I, Yook Jidam
 Team Illionaire: Bobby, Chamane, Toy
Top 8:
 Team Brand New: C Jamm, Vasco
 Team YDG: Iron, Giriboy
 Team YG: Olltii, B.I
 Team Illionaire: Bobby, Chamane
Top 6:
 Team Brand New: C Jamm, Vasco
 Team YDG: Iron, Giriboy
 Team YG: Olltii
 Team Illionaire: Bobby
Semi-finalists (Top 4):
 Team Brand New: C Jamm, Vasco
 Team YDG: Iron
 Team Illionaire: Bobby
Finalists:
 Team YDG: Iron 
 Team Illionaire: Bobby 
Winner:
 Team Illionaire: Bobby

Discography

References 

Show Me the Money (South Korean TV series)
2014 South Korean television seasons
《Show Me The Money》(쇼미더머니)의 세 번째 시즌은 2014년에 엠넷에서 방송되었다. 진행은 김진표가 맡았다.

팀 구성

회차별 탈락

5화 
각 팀에 소속된 4명의 랩퍼들 중 한 명씩을 탈락시키기 위한 승부가 펼쳐졌다. 그 결과, Brand New 팀에서는 성장군, YDG 팀에서는 정상수, 1llionaire 팀에서는 박평안, YG 팀에서는 스내키챈이 탈락하였다..

현 상황
(1) Brand New: 바스코, 씨잼, 부현석
(2) YDG: 아이언, 기리보이, 한상엽
(3) 1llionaire: BOBBY, 차메인, TOY
(4) YG: 올티, B.I, 육지담

6화 
지난 5화에서의 무대점수를 바탕으로 팀 내 1위 rapper는 자동으로 본 라운드 공연을 하게 되었다. 또한 1위를 제외한 나머지 2위와 3위 rapper는 같은 비트로 준비한 리허설 공연을 통해 각 팀의 프로듀서로부터 평가를 받은 후, 선택된 1명의 rapper에게만 본 라운드 공연 기회가 주어졌다. 이 과정에서 YG 팀에서는 올티(육지담 탈락) YDG 팀에서는 기리보이(한상엽 탈락)가 각각 프로듀서에게 선택을 받았다.

현 상황
(1) Brand New: 바스코, 씨잼, 부현석 (리허설 무대 탈락자 6회에서 공개되지 않음)
(2) YDG: 아이언, 기리보이
(3) 1llionaire: BOBBY, 차메인, TOY (리허설 무대 탈락자 6회에서 공개되지 않음)
(4) YG: 올티, B.I

본 1라운드 공연에서는 YG 팀의 올티가 YDG 팀의 기리보이와 맞대결을 펼쳤다. 결과는 올티 승.
2라운드 공연에서는 B.I와 아이언이 대결하였다. 결과는 아이언 승. 최종결과는 네 명의 rapper의 순위가 차례대로 1위 아이언(3,175,000원), 2위 올티(2,800,000원), 3위 B.I(1,700,000원), 4위 기리보이(1,650,000원)였다. 최종적으로 두 팀 중, 합산 금액이 적은 팀인 YG 팀(YDG 팀의 4,825,000원 > YG 팀의 4,500,000원)의 하위 rapper인 B.I가 탈락하였다.

현 상황
(1) Brand New: 바스코, 씨잼, 부현석 (리허설 무대 탈락자 6회에서 공개되지 않음)
(2) YDG: 아이언, 기리보이
(3) 1llionaire: BOBBY, 차메인, TOY (리허설 무대 탈락자 6회에서 공개되지 않음)
(4) YG: 올티

7화 
6화와 마찬가지 방법으로 Brand New 팀과 1llionaire 팀의 맞대결이 펼쳐졌다. Brand New 팀에서는 씨잼(부현석 탈락), 1llionaire 팀에서는 차메인(TOY 탈락)이 각각 프로듀서에게 선택을 받았다.

현 상황
(1) Brand New: 바스코, 씨잼
(2) YDG: 아이언, 기리보이
(3) 1llionaire: BOBBY, 차메인
(4) YG: 올티

본 1라운드 공연에서는 Brand New 팀의 씨잼이 1llionaire 팀의 차메인과 맞대결을 펼쳤다. 결과는 씨잼 승. 2라운드 공연에서는 바스코와 BOBBY가 대결하였다. 결과는 바스코 승. 최종결과는 네 명의 rapper의 순위가 차례대로 1위 바스코(3,375,000원), 2위 씨잼(3,150,000원), 3위 BOBBY(1,525,000원), 4위 차메인(1,375,000)였다. 최종적으로 두 팀 중, 합산 금액이 적은 팀인 1llionaire 팀(Brand New 팀의 6,525,000원 > 1llionaire 팀의 2,900,000원)의 하위 rapper인 차메인이 탈락하였다.

현 상황
(1) Brand New: 바스코, 씨잼
(2) YDG: 아이언, 기리보이
(3) 1llionaire: BOBBY
(4) YG: 올티

8화 
6,7 화에서 진행된 1차 공연에서 이긴 YDG 팀과 Brand New 팀의 대결과 동시에, 1차 공연에서 1명씩 탈락하여 각각 1명씩만 남은 YG 팀과 1llionaire 팀의 대결이 펼쳐졌다. 첫 번째 라운드 바스코 VS 아이언의 대결에서는 바스코의 승리. 다음 라운드 올티 VS BOBBY의 대결 결과는 다음화에 이어진다.

9화 
먼저 YDG 팀의 기리보이와 Brand New 팀의 씨잼의 대결이 펼쳐졌다. 이를 지난화의 바스코 VS 아이언과 합산한 결과 총 공연비 14,500,000원: 5,300,000원의 압도적 차이로 YDG 팀의 패배. YDG 팀 중 3,100,000원을 획득한 아이언에 비해 더 적은 2,200,000원을 획득한 기리보이의 탈락.

현 상황
(1) Brand New: 바스코, 씨잼
(2) YDG: 아이언
(3) 1llionaire: BOBBY
(4) YG: 올티

여기에 지난 8화에서 공개되지 않았던 올티 VS BOBBY의 대결 결과는 6,150,000원: 3,650,000원으로 BOBBY 승. 결과적으로 Brand New 팀의 바스코, 씨잼, YDG 팀의 아이언, 1llionaire 팀의 BOBBY로 TOP4가 결정되었음(올티 탈락으로 인해 YG 팀은 남은 rapper 탈락에 이은 프로듀서 동반 탈락).
TOP4의 준결승 무대 조편성은 BOBBY VS 바스코 / 씨잼 VS 아이언. 첫 대결인 BOBBY VS 바스코의 결과는 BOBBY 승(결승 진출).
현 상황
(1) BOBBY (승, 결승 진출) VS 바스코 (패, 탈락)
(2) 씨잼 VS 아이언의 대결은 아이언 승, 결승 진출. 씨잼 패, 탈락

결과 
 우승: BOBBY
 준우승: 아이언
 4강: 바스코, 씨잼

외부 링크 
 Show Me The Money 3 공식 홈페이지

Show Me The Money
대한민국의 음악 경연회
대한민국의 음악 텔레비전 프로그램
대한민국의 리얼리티 텔레비전 프로그램
엠넷의 텔레비전 프로그램
2014년 텔레비전 시즌