The ATP announced today that prize money levels at the lower tier 250 and 500 tournaments will be at 80% and 60%, respectively, from their previous totals. That’s above the 50% mark set when the pandemic hit.
The tour is partly funding the approximate $5.2M total by tapping into the year-end bonus pool, which is awarded to top players, and redistributing it to the smaller events to help the lower-ranked players.
In their release, the ATP made it a point to mention the move was supported (and OK’d?) by Roger Federer and Rafael Nadal: “Redistribution of the funds has come with the support of the ATP Player Council, including Top 10 representatives Roger Federer and Rafael Nadal.”
“Our tournaments’ revenues continue to be severely impacted by restrictions on ticket sales, and a substantial improvement on this front looks unlikely before mid-year,” said ATP CEO Andrea Gaudenzi. “Our focus is to ensure the Tour continues supporting as many players as possible and I would like to thank the top-ranked players and the Player Council for supporting this measure, which will help improve conditions for the larger player group over the coming months.”
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