ATP Announces Reduction in Tournaments’ Prize Money in 2022

Published 12/26/2021, 12:32 AM EST
Tennis – ATP Masters 1000 – Paris Masters – Accor Arena, Paris, France – November 7, 2021 Serbia’s Novak Djokovic reacts during his final match against Russia’s Daniil Medvedev REUTERS/Christian Hartmann


The ATP and WTA have both been struggling after 2020. The effects of the pandemic affected both associations adversely. In fact, the ATP has recently announced that there will be pay cuts in the prize money for their tournaments, starting 2022.

ADVERTISEMENT

Article continues below this ad

Compared to pre-pandemic levels, prize money at ATP tournaments will continue to decrease, despite being played with full capacity crowds.

ATP website announces reduction in prize ahead of Australian Open

ADVERTISEMENT

Article continues below this ad

As per the official website of the Association of Tennis Professionals, the prize money at the Adelaide 1 tournament is reduced. Its pre-pandemic figure was $546,355. However, it has now come down to a flat $500,000 USD.

Tennis – ATP Finals – Pala Alpitour, Turin, Italy – November 21, 2021. Germany’s Alexander Zverev celebrates with trophy after winning the final match with Russia’s Daniil Medvedev. REUTERS/Guglielmo Mangiapane

This is an 8 percent reduction in the prize money. The Adelaide event is planning on hosting nearly a full-capacity crowd. However, this reduction seems to be the norm going forward.

Moreover, there are other reductions as well. Not only has the prize money decreased, but the total financial commitment, too, has decreased. Now, they are 1.6 percent less than it was, and at $600,000 USD.

Furthermore, as more tournaments will host a limited-capacity crowd (sometimes 50 percent capacity), the prize money will dip further. In fact, for all ATP 500s and 250 tournaments, the money would be deducted by half!

 

Moreover, for Masters 1000 events, the cut would be even bigger. In comparison to the 250 and 500s events, which will have a 1.5 percent cut, the Masters events will have 2.5 percent reduced. Thus, it means that for these bigger ATP 1000 events, the prize money will take a 60 percent hit.

DIVE DEEPER

Roger Federer’s ATP-WTA Merger Proposal Makes Huge Waves After $600M Support

about 2 months ago

2022 Cup money sees a $4 million increase

Tennis legend Ken Rosewall looks on during the 2020 ATP Cup Draw at The Sydney Opera House on September 16, 2019 in Sydney, Australia. (Photo by Jason McCawley/Getty Images)

The 2022 ATP Cup is a 12-country team competition ahead of the Australian Open and will feature 18 top twenty players.

Next year’s ATP Cup will be a 12-country tournament. In fact, precede the Australian Open. Moreover, this year, Sydney will host both the group stages and knockout matches owing to travel restrictions.

 

ADVERTISEMENT

Article continues below this ad

Since the Cup is a team-based tournament, the allocation of prize money varies a little. Individuals and teams get prize money as participation fees and match wins. Thus, it all depends on their performances.

Next year, there will be an increase in the prize pool of the Cup. From last year’s $7,500,000 prize pool, 2022’s ATP Cup will have almost twice that, at $14,000,000.

ADVERTISEMENT

Article continues below this ad

It is no secret that both the ATP and WTA are struggling financially ever since the pandemic hit the globe. However, things do not look bleak, as both parties are also considering a merger to boost profits for all professionals involved, from the players to the stadia staff across the world.

DIVE DEEPER: ‘That’s with the NBA, MLB’: Billie Jean King, ATP Chairman, and Tennis Pros Talk About the Sad Side of Tennis

Enjoyed reading this article? Download our exclusive app to get 24x7 coverage, latest memes and social media banter. Click here to download.

SHARE THIS ARTICLE :

ADVERTISEMENT

Samarveer Singh

253 articles

Samarveer Singh is a tennis writer at EssentiallySports. Holding a degree in English Literature and a diploma in Fitness Sciences and Training, Samarveer is obsessed with tennis and basketball. He is also an automotive writer at HotCars.

ADVERTISEMENT

ADVERTISEMENT