Why Australian Open champions will take a $1.3 million hit

This year’s Australian Open champions will take home much smaller pay cheques than last year following a redistribution of prizemoney designed to protect some of the tour’s battlers from the impact of the pandemic.

It’s at other events such as the ATP Cup, the men’s teams event in its second year, where the world’s leading players are dealing with a new financial reality.This year’s tournament, starting in Melbourne next Monday, has a base prizemoney pool of nearly $10 million – well down on last year’s $22 million return for players – but even that figure is “subject to any reductions based on permitted attendance”.

The Melbourne Park precinct has been split into three distinct zones this summer to maintain a safety-first approach with COVID-19. Contact tracing will be easier with spectators split into three sections, each with access to one of the three main courts. While the Australian Open winners’ cheques will be about 30 per cent smaller than last year, the runners-up are expected to receive $1.5 million, down from just over $2 million. The four players to exit in the singles semi-finals are on track for about $850,000 – close to a 20 per cent decrease. Players who make the quarter-finals are tipped to get close to the same-sized cheque: $525,000.

The ATP Tour came up with a prizemoney calculation method, setting out calculations for ATP Masters 1000 events and ATP 500 and 250s.

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