U.S. Open Cuts Prize Money For The Winners—But Boosts Pay For Everyone Else – Forbes

Topline
Although a doc-setting $57.5 million Shall be awarded to individuals Inside the 2021 U.S. Open tennis tournamalest, The ladverts’s And womales’s singles champions will take house $2.5 million every, which is $500,000 Decrease t…….

npressfetimg-2692.png

Topline

Although a doc-setting $57.5 million Shall be awarded to individuals Inside the 2021 U.S. Open tennis tournamalest, The ladverts’s And womales’s singles champions will take house $2.5 million every, which is $500,000 Decrease than 2020 and a $1.35 million lower from two yrs in the past, as America Tennis Affiliation goals To place Further money Inside the palms of the sports activities nonsuperstars. 

Good Sports: Naomi Osaka and Serena Williams of the U.S. meet On The internet after their 2018 U.S. Open … [+] womales’s singles final match on September 8, 2018.

AFP by way of Getty Pictures

Key Actualitys

The USTA said in A press launch Monday it “labored collaboratively” with the gamers and tour managers To Supply you a extra equitable distribution of winnings.

The complete quantity allotted to the gamers is The very biggest Inside the event’s historic previous, breaking the earlier mark of $57.2 million, set in 2019.

This yr’s qualifying tournamalest will award roughly $6 million in all, a 66% enhance As in contrast with 2019 (final yr’s qualifying was canceled As a Outcome of of pandemic)—though it Will not permit spectators As a Outcome of of Covid considerations.

The champion’s purse is The backside quantity awarded to the winner since 2012, when singles champs acquired $1.9 million.

Collectively with the champions, the prize money for the runners-up is being lowered, from $1.5 million to $1.25 million.

Essential Quote: 

“We decided our spherical-by-spherical prize money allocations by partaking in an open dialogue with the gamers and the advertministration of each excursions,” said Stacey Alfinaler, the tournamalest’s director. “We applaud their collective leadvertership in directing the 2021 U.S. Open prize money To revenue The utmost Quantity of gamers.”

What To Look forward to:

The Open is scheduled To start on August 30 and conclude on September 12. The Qualifying Tournamalest starts Tuesday. 

Key Backgspherical:

Last summer time, spectators Weren’t permited to attfinish the U.S. Open due to well being and safety considerations amid the Covid-19 pandemic. As a Outcome of of lowerd income, the complete prize money was lowered to $53.4 million, a 6.7% discount from 2019. However as incomes have begun to rebound—the tournamalest is promising full-performance crowds for The primary draw—many gamers and media retailers, together with The mannequin Ny Occasions, have referred to as consideration to the broad disparity in pay on tour. The sport’s superstars rake in tens of hundreds of hundreds in finishorsemalest money. For event, Based mostly on Forbes, all-time good Roger Federer earned $106.3 million in 2020, with Greater than 94% of that sum coming by way of finishorsemalests. However, due to funds associated to journey And teaching, lower-ranked gamers Discover your self dropping money Yearly. In distinction to some expert group sports activities, tennis gamers Do not have a union. Last yr, Novak Djokovic and Vasek Pospisil, a Canadvertian ranked infacet The highest-100, introduced they have been forming the Professional Tennis Players Affiliation, Which might “negotiate on behalf of the gamers over money, scheduling and completely different issues.”  

Tangent:

Novak Djokovic has An alternative To Wind up to be the first man since Rod Laver in 1969 to win all 4 Grand Slams in a single calfinishar yr if he wins the U.S. Open. In The tactic, Djokovic would advertditionally seize a males’s doc Twenty first grand slam, breaking A 3-method tie with Federer and Rafael Nadvertal, Who’ve each withdrawn from the tournamalest and shut down their 2021 seasons. On The womales’s facet, Naomi Osaka, who gained the 2020 U.S. Open, Shall be having fun with in her first primary since bowing out of the French Open following a dispute over her refusal to attfinish press conferences.

Surprising Actuality:

In 1973, when the U.S. Open introduced It’d award equal prize money For every Men And womales, it turned the first of tennis’ 4 Grand Slam tournamalests to institute such a coverage. 

Huge Quantity:

$14,000. That was the prize money awarded to Arthur Ashe, who gained the U.S. Open in 1968, the first yr the tournamalest provided money. The complete purse that yr was $100,000.

Further Studying:

Naomi Osaka Pulls Out Of Wimbledon Tune-Up—‘Will Take A Break’ (Forbes) 

A pair of Tennis Execs Make a Fortune. Most Barely Scrape By. (NYT) 

2021 U.S. Open provides doc prize money, $57.5 million in complete participant compensation (U.S. Open)

Source: https://www.forbes.com/sites/tommybeer/2021/08/23/us-open-cuts-prize-money-for-the-winners-but-boosts-pay-for-everyone-else/

Leave a Reply

Your email address will not be published.