OneVision’s ATP strategy enables player compensation to rise by 2023 | ATP Tour

Media Release

ATP’s OneVision strategy enables record player compensation by 2023

Changes to the ATP Masters 1000 under the OneVision drive are increasing overall

October 04, 2024

The ATP has confirmed record player compensation for the 2023 season, following the completion of the ATP Masters 1000 revenue sharing calculation, which is a key part of OneVision’s strategic plan.

A total of $241.6 million was distributed to players across the ATP Tour and ATP Challenger Tour in Place Prize Money, Performance Bonus Pools, and Player Retirement Plan contributions. Another $104.5 million in men’s Grand Slam prize money brought men’s compensation to more than $346.2 million annually.

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

The ATP Masters 1000 events, in particular, saw significant expansion under the OneVision changes. Prize money for the top ATP tournaments rose to $70.4 million, up from $55.6 million in 2022, driven by the expansion of 96 players in Madrid, Rome and Shanghai (not held in 2022 due to the pandemic). Larger draw sizes offer more money to more players, in line with the ATP’s goal of increasing the number of players who can make a sustainable living in tennis.

The Masters 1000 Fixed Bonus Pool, paid for performance and participation across the division, has increased to $20 million by 2023. Meanwhile, the profit-sharing model, first introduced in 2022, will bring in an additional $6.6 million to players through the Variable Bonus. 2023 pool. The calculation, based on a detailed study of the finances of all nine Masters 1000 tournaments, ensures that the profit generated by the events – above the prize money of the site – is distributed equally, with 50 percent shared by the players.

Total player compensation across the ATP Masters 1000 and Nitto ATP Finals events, including Bonus Pools, reached $112 million. Combined with the Grand Slams ($104.5 million), the 14 major sporting events brought in $216.5 million in annual male player compensation.

ATP chairman Andrea Gaudenzi commented: “With OneVision, our goal is clear: to align the interests of players and tournaments, strengthen the main events, improve the fan experience, and promote the long-term growth of all sports. We are opening new investments and laying the foundation for real partnerships between players and tournaments, sharing equally in the success of tennis.

“This is the beginning, and we continue to work with other tennis bodies with the same vision for the future of the game. We are committed to promoting unified governance, fair player representation, and a centralized commercial strategy – all with the goal of providing a better experience for fans.”

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

Elsewhere, a new $1.3 million Bonus Pool was introduced in the ATP 500 category, further improving player earnings. The ATP 500 tournaments will undergo a full financial review in 2024 with a view to moving to a profit-sharing formula in future years.

On the ATP Challenger Tour, prize money has increased by 75 percent, to $21.2 million by 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 nearly $19 million to 165 eligible players in 2023, following a record year in 2022 ($28 million) that was driven in part by sales of transfers from the Madrid and Cincinnati tournaments.

The 2024 player compensation levels will be released in 2025, following a comprehensive financial review of this year’s nine ATP Masters 1000 events, which will determine the 2024 revenue sharing calculation.