SBD/November 7, 2012/Events and Attractions

ATP Disapproves Of BNP Paribas Open CEO's Offer To Increase Prize Money By $1.6M

The ATP did not approve the offer to increase BNP Paribas prize money by $1.6M
BNP Paribas Open CEO Raymond Moore has "offered to increase prize money by $1.6 million," $800,000 for both the ATP and WTA, "with the bulk of that money to be distributed to the winners of the first three rounds," according to Leighton Ginn of the Palm Springs DESERT SUN. To Moore’s "surprise, the men’s ATP Tour did not approve the increase" in a vote held yesterday. Moore said that the ATP board "voted 3-3, with CEO Brad Drewett abstaining from the vote." Since hearing the news, Moore said that he "sent an email to Drewett to see if the tour would set conditions for approval, but had not heard back." At this year’s BNP Paribas Open in March, the tournament "increased prize money by $1 million for each tour, on one major condition." The tournament dictated that the "money would be distributed to the quarterfinal winners on up so the singles champions for the men and women would each get $1 million." Since players in the earlier rounds "didn't get much of a raise, it created grumblings on the men’s tour." So Moore said that this year’s prize money increase "was to address those concerns." The increase in prize money "is due to the staggering growth in attendance" (Palm Springs DESERT SUN, 11/7).
Return to top

Related Topics:

Events and Attractions, Tennis

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug