The ATP Challenge Tour will see a 60% jump in prize money for 2023

The ATP Challenge Tour will see a 60% jump in prize money for 2023

Tennis – ATP Tour Finals Preview – O2 Arena, London, UK – November 10, 2017 General view of the tennis ball in training Action Images via Reuters / Tony O’Brien

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(Reuters) – The men’s ATP tour said on Friday the Challenger Tour’s prize money will jump by 60 percent next year from its level in 2022 as part of a plan to boost players’ earnings on the feeding circuit.

For the 2023 season, total prize money for the Challenger Tour will increase to $21.1 million from $13.2 million in 2022 with next year’s calendar also containing 12 more events on the second-tier circuit, up from the current 183.

“The Challenge Tour is the starting point for men’s professional tennis. Today’s announcement is an important step forward for the entire ecosystem,” ATP President Andrea Gaudenzi said in a statement.

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“The new plan increases player earnings potential and improves the balance between tournament classes, decks, and regions.”

Earlier this year, the men’s board said the Masters 1000’s flagship tournaments in Madrid, Rome and Shanghai will take place over 12 days and with larger draw volumes from 2023.

That raised questions about the fate of 250 smaller events on the men’s calendar with ATP’s strategic plan aimed at increasing revenue from media and television rights.

The ATP said it will reduce the number of categories on the Challenge Tour to four from six while introducing three new Challenger 175 signature events, with $220,000 prize money, during the second week of the Masters events in Indian Wells, Rome and Madrid.

“The health of the ATP Challenger Tour is critical to the future of our sport, and our in-depth review has revealed important opportunities to advance this path,” said Richard Glover, Vice President of the ATP Challenger Tour.

“As we take a long-term approach to growing the Challenge Tour, these changes will provide an immediate boost from 2023 onwards.”

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(Reporting by Sudiptu Ganguly in Mumbai). Editing by Toby Davis

Our criteria: Thomson Reuters Trust Principles.

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