ATP Increases Prize Money in Masters 1000 Tournaments
The Association of Tennis Professionals (ATP) announced a significant increase in prize money for players based on their performances in the nine Masters 1000 tournaments last year.
This increase translates to an additional $18.3 million, distributed thanks to the profit-sharing plan implemented in 2022.
Compared to the $6.6 million distributed in profit-sharing bonuses at the 2023 Masters events, this increase is notable.
With the addition of this amount, the total compensation for ATP players in 2024 reaches a record $261 million.
The expansion of the Masters tournaments, which now include combined events for men and women, larger draws, and more extensive schedules, has drawn criticism from some players, who believe the duration of the tournaments is excessive.
This announcement comes in a context of demands from some athletes, who are seeking greater financial compensation and greater participation in sports decisions.
The Professional Tennis Players Association, co-founded by Novak Djokovic, filed a class action antitrust lawsuit in March against the ATP, WTA, International Tennis Federation, and the International Tennis Integrity Agency, accusing them of forming a “cartel”.
