Friday, March 29, 2024

ATP providing financial aid for players

Date:

Share post:

ATP will spend up to $5.2 million from its funds to shore up prize money for the players at its events, which are financially hit by restrictions on ticket sales due to the COVID-19 pandemic, the men’s tennis governing body said on Tuesday.

The professional tennis circuit, which requires players to jet around the world, was forced into shutdown for five months in 2020 as countries went into lockdown and closed their borders to contain the spread of the novel coronavirus.

It severely impacted lower-level players, who depend solely on prize money for a living.

Though the disruption has been less severe in 2021, tournaments, barring the swing in Australia, continue to be played without crowds or just a handful of fans.

The ATP 250 and 500 events, which earlier slashed their minimum prize money for 2021 to 50 per cent levels from 2019, will now offer 80 per cent and 60 per cent respectively, until Wimbledon, scheduled to start at the end of June.

The men’s body estimates the cost to run up to $5.2 million and said it will be primarily funded from the ATP Bonus Pool, which is distributed among the top 12 eligible players at the end of season.

ATP Chairman Andrea Gaudenzi thanked the ATP Player Council, which has Rafa Nadal and Roger Federer representing the top 10 players, for its support.

Each Tour and challenger event in 2021 received $10 000 from the ATP to cover hotel costs due to additional isolation from COVID-19 positive tests or close-contact situation so that organisers or players are protected from extra expenses.

Last year the ATP, the women’s WTA, the International Tennis Federation and the boards of the four Grand Slams raised more than $6 million to help those in financial need while prize pools were rejigged to offer more money during early rounds.

The ATP also started single-year licenses for tournaments to allow more playing opportunities and nine such events have been held since the Tour’s resumption in August.

The revised system for calculating rankings since last year has been extended through the week of August 9, the ATP added.

The rankings, a determining factor in a players’ ability to enter events and receive seedings, traditionally operate on a “Best 18” results basis over 52 weeks but was revised in 2020 due to the COVID-19 shutdown.

A protected ranking system was also introduced by the ATP on Tuesday to allow players flexibility in their scheduling amid concerns over travelling during the pandemic. (Reuters)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

No decision yet on Lester Vaughan School

A firm decision has not yet been made regarding when the Lester Vaughan School will be reopened. Following a...

BDF to conduct simulation exercise on April 2 & 3

The Barbados Defence Force (BDF) will conduct a Mass Casualty Simulation Exercise from Tuesday, April 2, to Wednesday,...

Barbadians reminded to file taxes online as filing season starts

The Barbados Revenue Authority (the BRA) is advising that tax filing season for 2023 begins on April 1 this...

Minister Abrahams’ statement on Ismail Patel’s passing

Below is the full statement by Minister of Home Affairs and Information, Wilfred Abrahams: I was saddened to...