Record ATP prize money increase for 2023

Record ATP prize money increase for 2023

Men’s tennis governing physique the ATP has introduced a file improve of $US37.5 million ($A55.9 million) in prize cash to $US217.9 million ($A324.6 million) for the 2023 season.

The total prize-money pot was for the ATP and Challenger Tours, with ATP Tour gamers collectively taking dwelling an extra $US18.6 million of on-site prize cash from subsequent 12 months, the organisation mentioned.

Earlier this 12 months, the ATP had introduced purses on the Challenger Tour would obtain a big enhance.

“The record increase also includes a significant uplift on the ATP Challenger Tour, which will see on-site prize money grow by 75 per cent, from $12.1 million to $21.1 million,” they mentioned.

In June, the boys’s governing physique mentioned gamers and tournaments will share earnings 50-50 from 2023 as a part of its OneVision plan – primarily aimed toward boosting income from media and tv rights.

On Thursday it mentioned “a revised bonus pool structure introduced through OneVision, ATP’s strategic plan, is set to deliver bonus pools of $21.3 million in 2023, a $9.8 million increase on 2022, to an expanded group of top-performing players”.

The ATP had additionally introduced its flagship Masters 1000 tournaments in Madrid, Rome and Shanghai might be held over 12 days and with larger draw sizes from 2023.

“Our players are world-class athletes and it’s our priority to ensure they’re compensated accordingly,” ATP Chairman Andrea Gaudenzi mentioned.

The 2023 worldwide tennis season will start on December 29 with the inaugural version of the United Cup – a brand new mixed-sex $US15 million match that includes groups from 18 nations taking part in matches throughout Brisbane, Perth and Sydney.