US Open hikes singles prize money by 11 pc
According to New York Post, the U.S. Tennis Association’s decision comes after the French Open and Wimbledon increased the prize money.
The men’s and women’s champions will each receive 1.9 million dollars, a 1,00,000 dollars hike from 2011, with the chance to earn additional money based on performances in other North American hard-court tournaments this summer.
The US Tennis Association announced that the total prize money has been increased from 23.7 million dollars to 25.5 million dollars.
The money has been increased by 21 percent in the first round of singles and 19 percent in the second round.
“We recognize the mounting financial pressures associated with competing on the global professional tennis circuits and especially for those who do not reach the second week of the U.S. Open,” USTA President Jon Vegosen said in a statement.
“We believe the additional prize money, as well as how it will be strategically distributed, will help alleviate some of the pressure,” he added. (ANI)
Published Date: Thursday, July 12th, 2012 | 03:28 AM