ATP’s OneVision strategy powers record player compensation surge in 2023 | ATP Tour

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ATP’s OneVision technique powers document participant compensation surge in 2023

ATP Masters 1000 reforms underneath OneVision drive total will increase

October 04, 2024

The ATP has confirmed document participant compensation for the 2023 season, following the completion of the ATP Masters 1000 profit-sharing calculation, a key aspect of its OneVision strategic plan.

A complete of $241.6 million was distributed to gamers throughout the ATP Tour and ATP Challenger Tour via On-Web site Prize Cash, Efficiency Bonus Swimming pools, and Participant Retirement Plan contributions. An extra $104.5 million in Grand Slam males’s prize cash introduced complete males’s compensation to an unprecedented $346.2 million for the 12 months.

ATP-associated occasions accounted for 70 per cent of total males’s participant compensation, with 30 per cent coming from the Grand Slams.

The ATP Masters 1000 occasions, specifically, noticed substantial will increase underneath OneVision reforms. On-Web site Prize Cash at ATP’s top-tier tournaments rose to $70.4 million, up from $55.6 million in 2022, pushed by the enlargement to 96-player attracts at Madrid, Rome and Shanghai (which was not held in 2022 as a result of pandemic). The larger draw sizes present extra money to extra gamers, aligning with ATP’s aim of accelerating the variety of gamers who could make a sustainable residing from tennis.

The Masters 1000 Fastened Bonus Pool, paid out in keeping with efficiency and participation throughout the class, rose to $20 million in 2023. In the meantime, the profit-sharing mannequin, first launched in 2022, will ship a further $6.6 million to gamers via the Variable Bonus Pool for 2023. The calculation, based mostly on detailed monetary audits of all 9 Masters 1000 tournaments, ensures that earnings generated by the occasions — above on-site prize cash — are shared equally, with 50 per cent allotted to gamers.

Whole participant compensation throughout the ATP Masters 1000 occasions and the Nitto ATP Finals, together with Bonus Swimming pools, reached $112 million. Mixed with the Grand Slams ($104.5 million), the game’s 14 greatest occasions delivered $216.5 million in males’s participant compensation for the 12 months.

ATP Chairman Andrea Gaudenzi commented: “By OneVision, our aim is evident: to align the pursuits of gamers and tournaments, strengthen premium occasions, improve the fan expertise, and drive long-term progress for the whole sport. We’re unlocking new funding and laying the muse for a real partnership between gamers and tournaments, sharing equally in tennis’s success.

“That is only the start, and we proceed to work with different entities in tennis on a shared imaginative and prescient for the game’s future. We stay dedicated to advocating for unified governance, honest participant illustration, and a centralised business technique — all with the purpose of offering a greater expertise for followers.”

OneVision has additionally pushed unprecedented investments in event infrastructure throughout the Masters 1000 class, highlighted by multi-million-dollar renovation initiatives in Cincinnati, Madrid, Rome, and Shanghai. In Paris, the Rolex Paris Masters will relocate to La Défense Enviornment in 2025.

Elsewhere, a brand new $1.3 million Bonus Pool was additionally launched for the ATP 500 class, additional enhancing participant earnings. The ATP 500 tournaments will even endure full monetary audits in 2024 with a view to shifting to a profit-sharing formulation in future years.

On the ATP Challenger Tour, prize cash surged 75 per cent, reaching $21.2 million in 2023, alongside a 170 per cent enhance within the variety of Challenger 100 and 125 occasions on provide to gamers. 

The ATP Participant Retirement Plan distributed roughly $19 million to 165 eligible gamers in 2023, following a document 12 months in 2022 ($28 million) that was pushed partly by the switch gross sales of the Madrid and Cincinnati tournaments. 

The 2024 participant compensation ranges might be launched in 2025, following a complete monetary audit of this 12 months’s 9 ATP Masters 1000 occasions, which is able to decide the profit-sharing calculation for 2024.