NFL licenses firm to market experiences D-League returns to ESPN Richardson writes to fellow owners NFL executives focus on young fans MLS makes headway with int’l deals For private equity firms, not a typical transaction New commish, expansion greet AFL season The NHL and the Canadian dollar NBA allows global download of team apps Research center eliminates license fee
Upcoming Conferences and Events
SBJ/January 21-27, 2013/Leagues and Governing Bodies
Players expected to seek more from U.S. Open
Published January 21, 2013, Page 27
Justin Gimelstob, an ATP player board member, won’t go so far as to say that question is open, but he does say that he doubts players will accept the Open’s prize money increase as the last word. While the U.S. Open did increase prize money for the men by $2 million for 2013, that does not nearly meet the dramatic shift the players were aiming for, Gimelstob said. That combined with the move to a final on Monday from Sunday, also opposed by the players, leads Gimelstob to conclude, “I would be surprised if players accepted it.”
The ATP has led an effort to significantly increase Grand Slam prize money, which has long trailed other ATP events and other sports in terms of percentage of revenue. The Australian Open has agreed to the changes, but the U.S. Open, based on a percentage of revenue, has not, according to the ATP. While the Australian Open now pays around 20 percent of revenue to players, and that will rise in coming years to 24 percent for both men and women, the Open pays around half that. The Open, which normally announces its prize money in July, did so last month.
The ATP players have three options: stage an alternate event; reduce the ranking points players get at the Open, thereby diminishing its significance; or keep talking with the event. A formal boycott, ATP lawyers have advised players in the past, would be an antitrust violation.