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Big news on the business side of tennis. The ATP plans to upgrade its Masters 1000 events, expanding them to bring them closer to the 'majors (which the ATP does not run). This is a bit like Larry Ellison's proposal to create a 'Masters 2000' level of events, except it makes the other Masters more like Indian Wells, instead of letting IW expand.
Madrid and Rome ATP Masters 1000 are extending to two weeks events like Indian Wells in Miami starting in 2023, which means the clay-court season will start with Estoril, Houston and Marrakesh on April 1. he Shanghai Masters 1000 event will also expand in 2023, with Canada and Cincinnati to follow in 2025. Monte Carlo and Paris not yet confirmed, but likely to follow the same model and also become combined events.
NYT: "Gaudenzi said the profit-sharing deal, like the ATP plan as a whole, would run for 30 years from 2023 to 2053 and called for guaranteed prize money increases of 2.5 percent each year at the Masters 1000 events. After the multilevel auditing process, players would get a percentage of profits based on their performance in all of the Masters 1000 tournaments. If the tournaments lose money, the base prize money would remain the same. Gaudenzi said the annual bonus pool also would increase substantially, “targeting $20 million” (up from about $11 million this year), and would be paid out to 30 players instead of the current 12.
https://www.nytimes.com/2022/06/09/s...smid=url-share
Potential 2023 Schedule
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Madrid and Rome ATP Masters 1000 are extending to two weeks events like Indian Wells in Miami starting in 2023, which means the clay-court season will start with Estoril, Houston and Marrakesh on April 1. he Shanghai Masters 1000 event will also expand in 2023, with Canada and Cincinnati to follow in 2025. Monte Carlo and Paris not yet confirmed, but likely to follow the same model and also become combined events.
NYT: "Gaudenzi said the profit-sharing deal, like the ATP plan as a whole, would run for 30 years from 2023 to 2053 and called for guaranteed prize money increases of 2.5 percent each year at the Masters 1000 events. After the multilevel auditing process, players would get a percentage of profits based on their performance in all of the Masters 1000 tournaments. If the tournaments lose money, the base prize money would remain the same. Gaudenzi said the annual bonus pool also would increase substantially, “targeting $20 million” (up from about $11 million this year), and would be paid out to 30 players instead of the current 12.
https://www.nytimes.com/2022/06/09/s...smid=url-share
Potential 2023 Schedule
filedata/fetch?id=97642&d=1654792077&type=thumb
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