ATP Announces Prize Money Increases
Following a meeting of its Board of Directors, the ATP has announced a multi-year agreement that will see prize money on the ATP World Tour increase significantly over the next three seasons, exceeding $90 million (not including Grand Slam tournaments) for the first time by 2014.
Over this period, prize money will increase for all tournaments, with ATP World Tour Masters 1000 events leading the way with a 9% increase in each of the next three years. As part of the agreement, prize money at the season-ending Barclays ATP World Tour Finals will increase 30% over the next three years from $5 million to $6.5 million. Additionally, the player bonus pool, which is payable to the world’s top 12 eligible players, will increase 33% from $6 million to $8 million in 2014.
The increases reflect a remarkable period in which the sport’s leading athletes have consistently performed on the world’s biggest stages, taking the game to new heights and helping to attract more fans than ever, resulting in record attendances, increased television and online viewership and new sponsors.
Adam Helfant, ATP Executive Chairman & President, said: “We are very pleased to have reached this agreement that reflects the fact that business across the ATP World Tour is stronger than ever. We are privileged to be experiencing a golden era in men’s professional tennis, and it is fitting that the commitment and excellence of the players is recognized and rewarded in this way.”
TIMag.com news search
Latest TIMag.com news
- ITHF honors Leconte and Forget
- MonoGut ZX series now in black
- WTT to celebrate 40th season
- Hande recognized with Haier Award
- Federer chases Davis Cup title
- Carson continues winning ways
- HEAD Penn juniors haul in the medals
- TIA partners with PAI
- MAC GM named Facility Manager of the Year
- USTA nominates Adams as chairman, CEO