ATP announces significant increase in player prize money
The ATP announces plans to increase player prize money over the next four years
The ATP has announced plans to increase overall player prize money over the next four years to reach more $135m by 2018.
Player compensation at ATP World Tour events in 2015 will also exceed $100m for the first time.
The biggest increases in player compensation come at the ATP World Tour Masters 1000 category, with tournaments providing annual increases of 11 per cent, and with the ATP contributing a further three per cent increase, resulting in a 14 per cent annual increase in that category through to 2018.
Prize money at the ATP World Tour 250s is set to increase at an average of 3.5 per cent 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.