The ATP’s OneVision strategy generates an unprecedented increase in player remuneration | ATP Tour

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The ATP’s OneVision strategy generates an unprecedented increase in player remuneration

ATP Masters 1000 reforms contributed greatly

October 04, 2024

The ATP has confirmed unprecedented compensation for players for the 2023 season, following the completion of the profit-sharing calculation for the ATP Masters 1000, a key element of the OneVision strategic plan.

A total of $241.6 million was distributed to players on the ATP Tour and ATP Challenger Tour through on-site prize money, performance bonus funds and player retirement plan contributions. Another $104.5 million in prize money from men’s Grand Slam tournaments brought total compensation for men’s players to a record $346.2 million for the year.

ATP-associated events accounted for 70 percent of men’s players’ total compensation, with 30 percent coming from the Grand Slams.

ATP Masters 1000 events, in particular, saw substantial increases thanks to the OneVision reforms. On-site prize money at top-level ATP tournaments rose to $70.4 million, up from $55.6 million in 2022, boosted by expansion to 96-player draws in Madrid, Rome and Shanghai (which was not held in 2022 due to the pandemic). Larger draws provide more money to more players, in line with the ATP’s goal of increasing the number of players who can earn a sustainable living from tennis.

The Masters 1000 fixed bonus pool, which is paid based on performance and participation across the category, increased to $20 million in 2023. Meanwhile, the profit-sharing model, first introduced in 2022, will deliver an additional $6.6 million to players through the variable bonus pool by 2023. The calculation, based on detailed financial audits of the nine Masters 1000 tournaments, ensures that the winnings generated by the events (in addition to the money from the on-site prizes) are shared equally, with 50 percent allocated to the players.

Total compensation to players at ATP Masters 1000 events and the Nitto ATP Finals, including Bonus Pools, reached $112 million. Combined with the Grand Slams ($104.5 million), the sport’s 14 biggest events generated $216.5 million in compensation for men’s players during the year.

ATP President Andrea Gaudenzi commented: “Through OneVision, our goal is clear: align the interests of players and tournaments, strengthen premium events, enhance the fan experience and drive long-term growth. for all sports. “We are unlocking new investments and laying the foundation for a true partnership between players and tournaments, equally sharing the success of tennis.”

“This is just the beginning, and we continue to work with other tennis entities on a shared vision for the future of the sport. “We remain committed to championing unified governance, fair player representation and a centralized commercial strategy, all with the goal of providing a better fan experience.”

OneVision has also driven unprecedented investments in tournament infrastructure across the Masters 1000 category, highlighted by multi-million dollar renovation projects in Cincinnati, Madrid, Rome and Shanghai. In Paris, the Rolex Paris Masters will move to La Défense Arena in 2025.

Furthermore, a new bonus pool of $1.3 million was also introduced for the ATP 500 category, further improving players’ earnings. ATP 500 tournaments will also undergo full financial audits in 2024 with a view to moving to a profit-sharing formula in the coming years.

On the ATP Challenger Tour, prize money increased by 75 percent, reaching $21.2 million in 2023, along with a 170 percent increase in the number of Challenger 100 and 125 events offered to players .

The ATP Player Retirement Plan distributed approximately $19 million to 165 eligible players in 2023, following a record year in 2022 ($28 million) that was driven in part by transfer sales from the Madrid tournaments and Cincinnati.

The 2024 player compensation levels will be revealed in 2025, following a comprehensive financial audit of this year’s nine ATP Masters 1000 events, which will determine the profit share calculation for 2024.