ATP Announces Significant Long-Term Prize Money Increases
ATP player compensation continues to rise.
The ATP has announced significant increases over the next four years that will see overall player compensation on the ATP World Tour reach US$135 million by 2018. Player compensation at ATP World Tour events in 2015 will exceed US$100 million for the first time.
The increases at ATP events are a testament to the sustained success of men’s professional tennis, as well as demonstrating the ATP’s confidence in the strength of its product and projected growth in future years.
The biggest increases in player compensation come at the ATP World Tour Masters 1000 category, with tournaments providing annual increases of 11%, and with the ATP contributing a further 3% increase, resulting in a 14% annual increase in that category through to 2018. Player compensation at the ATP World Tour 250s is set to increase at an average of 3.5% per year during the same period.
The latest decisions at Masters 1000 and 250-level mean that player compensation is now confirmed across all three ATP World Tour tournament categories for a four-year period. Player compensation for a five-year period for the ATP World Tour 500 category was decided at the end of 2013.
In addition to establishing player compensation levels on the Tour, the ATP will soon be releasing its 2016-18 calendars, meaning both these key issues will be accounted for over the next four-year period. The 2015 ATP World Tour calendar can be found here.