US Edition
ATP players handed record $18.3 million profit-sharing bonus
The $18.3 million bonus marks a 177% increase from last year and reflects ATP's efforts to expand player earnings through larger tournament draws and infrastructure upgrades.
- The ATP men's tennis tour will distribute an additional $18.3 million in bonus payouts to players, rewarding their results across the nine Masters 1000 events held during the previous year.
- This bonus builds on the profit-sharing initiative started in 2022, which divides the earnings from ATP Masters 1000 events evenly between the players and the tournament organizers to enhance financial collaboration.
- The expanded Masters events now feature 96-player draws and upgraded facilities in Madrid, Rome, Cincinnati, Shanghai, and Paris, which have boosted earning opportunities and the overall player experience.
- ATP Chairman Andrea Gaudenzi emphasized that the purpose of the profit-sharing scheme is to make certain that both players and tournaments benefit fairly from the sport’s financial growth, noting a 177% rise in the bonus compared to last season.
- The introduction of profit-sharing has contributed to ATP players receiving a historic total of $261 million in earnings for 2024, fostering a stronger and more sustainable tour, with plans to increase prize money across various competition levels.
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16 Articles
Associated Press News+4 Reposted by 4 other sources
ATP men's tennis tour says its profit-sharing plan is adding $18 million in prizes for 2024
An extra $18.3 million in prize money will be paid by the ATP men’s tennis tour to players based on their performances at last year’s nine Masters 1000 tournaments under a profit-sharing plan introduced in 2022.
·United States
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Players participating in the nine 1000 Masters of the Year will receive more money from ATP thanks to the "profit sharing" linked to the fallout of the Grand Slams.
·Paris, France
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Coverage Details
Total News Sources16
Leaning Left6Leaning Right4Center3Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 23%
R 31%
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