Sport Asia
Don't Miss

Tennis: Australian Open announces further prize money increase

Men’s and women’s singles champions at this year’s Australian Open will each earn AUS$3.1 million. Photo: AFP.

Men’s and women’s singles champions at this year’s Australian Open will each earn AUS$3.1 million. Photo: AFP.

January 9, 2015: Organisers of the Australian Open have announced that prize money for the year’s first Grand Slam has increased to an historic high of AUS$40 million (about US$32 million).

 

Men and women singles winners at this year’s event, which will be held at Melbourne Park from January 19-February 1, will each receive AUS$3.1 million, while a first-round loser will earn AUS$34,500.

 

Craig Tiley, CEO of Tennis Australia, said officials wanted to ensure the gains made in player compensation were not eroded by the weaker Australian dollar.

 

“Obviously this is not a decision we have taken without a lot of consideration, but we have an ongoing commitment to the players that we are determined to help improve the pay and conditions of life on the international tennis tour. We are honouring that commitment,” Tiley said.

 

“As an international tennis community, we still have some work to do in ensuring that the life of an international professional tennis player is properly compensated. This increase is simply the Australian Open honouring our pledge to the players that we will continue to look at all ways and means possible to get this right. That involves increasing prize money as well as cutting and, where possible, removing the costs associated with playing our events.”

 

The Australian Open was the first Grand Slam to dramatically increase its prize money in 2013 (from AUS$26 million to AUS$30 million) following ongoing negotiations with the players and an agreement for a series of annual rises. Last year the prize pool was lifted to AUS$33 million and plans were announced in October for a further increase to AUS$36.3 million.

 

Steve Healy, President of Tennis Australia, added: “We have done a lot of work within our business to position ourselves to make this critical investment in the players and for the long-term future of the Australian Open.”

 

The move means the Australian Open prize money has effectively doubled since it was at AUS$20 million in 2007.

 

Australian Open total prize money timeline

2007: AUS$20,000,000

2008: AUS$20,600,000

2009: AUS$23,140,000

2010: AUS$24,094,000

2011: AUS$25,005,635

2012: AUS$26,000,000

2013: AUS$30,000,000

2014: AUS$33,000,000

2015: AUS$40,000,000

 

Source: Tennis Australia (www.tennis.com.au); Editing by SportAsia

You must be logged in to post a comment Login