‘Significant Uplift’: ATP Tour Says Prize Money To Reach Record $218M In 2023
Friday, November 18, 2022 at 12:18PM By Barry Janoff
November 18, 2022: With its 2022 season coming to a close, the ATP Tour has unveiled financial plans for 2023, including total compensation at ATP Tour and ATP Challenger Tour events to reach a record $217.9 million.
The total is a $37.5 million increase versus 2022, also an ATP year-over-year record.
“Our players are world-class athletes and it’s our priority to ensure they’re compensated accordingly,” ATP chairman Andrea Gaudenzi said via the organization.
“These record increases in 2023 are a strong statement for the ATP Tour and highlights our commitment to raising the bar in tennis. It also speaks to the collective progress we’ve been able to make as a sport under the OneVision strategic plan.”
According to Gaudenzi, “There is immense potential for growth in our sport when we work together.”
The news comes as the just-concluding Nitto ATP Tour Finals offered a tennis record prize money of $14.75 million, which the ATP Tour said is a 60% rise vs. “pre-pandemic levels.”
On-site prize money in 2023 will reach $175 million, up $18.6 million (12%) vs. 2022; bonus pools will expand to $21.3 million, up nearly $10 million; and Challenger Tour prize money will top $21 million, up $9 million.
According to the ATP, “A revised bonus pool structure introduced through OneVision, ATP’s strategic plan, is set to deliver (increased) bonus pools . . . to an expanded group of top-performing players.
“Increases will be bolstered by ATP’s newly established profit-sharing formula, also introduced through OneVision in January 2022, under which players will share in the financial upside of the ATP Masters 1000 events.”
The ATP said any increases in Grand Slam prize money, which would further add to the player compensation figures, are yet to be unveiled for 2023. The Grand Slams are run independently from the ATP Tour and the Holgoic WTA Tour.
ATP said OneVision is comprised of two independent phases and centers on three core principles: driving unity; enhancing the fan experience; and leveraging scalable growth opportunities in media, data, content and tech.
In addition, the “significant uplift on the ATP Challenger Tour . . . follows the announcement of sweeping Challenger Tour enhancements earlier this season designed to strengthen the sport’s pathway and player earning potential.”
The ATP Challenger Tour is a series of international men's professional tennis tournaments, considered the second-highest tier of men’s tennis competition behind the ATP Tour and a proven platform for players to develop and advance to the main circuit.
“The Challenger Tour is the launchpad of men’s professional tennis,” said Gaudenzi.
Masters 1000 tournaments in Madrid, Rome and Shanghai will increase from eight to 12-day events. Masters 1000 tournaments in Canada and Cincinnati will expand to 12 days in 2025.
The Davis Cup Finals presented by Rakuten becomes an official part of the ATP Tour calendar beginning next season.
The 2023 season is scheduled to begin with the newly unveiled United Cup, a mixed-gender singles and doubles team competition featuring the top men’s and women’s players from 18 countries, with $15 million in prize money and 500 ATP and 500 Hologic WTA rankings points available.
The United Cup is scheduled for Dec. 29-Jan. 8, with matches to be played in groups in Brisbane, Perth and Sydney.
The event will open the 2023 pro tennis season and lead into the first Grand Slam of the year, the Australian Open, scheduled for Jan. 16-29.
“Our sport has huge upside and stands on the cusp of a new era of growth,” said Gaudenzi when OneVision was introduced.
“Fulfilling our potential requires us to be united, pursue new growth opportunities and focus on what matters most: the fans. OneVision gives us a game plan to do just that. Its launch represents a game-changing moment for the Tour and a huge collective effort across our sport.
“I’m incredibly excited for what’s to come.”
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