increase prize money for players on the ATP tour

[bobleenov1963]

https://www.independent.co.uk/sport...are-player-union-mixed-response-a8160021.html

According to this article: While between 15 and 28 per cent of the revenue from tournaments on the ATP tour goes back to the players in prize money, it is understood that the percentage at Grand Slam tournaments is significantly less. Some have suggested the figure is as little as seven or eight per cent, but that has not been confirmed. Wimbledon declined to reveal the exact percentage but said it was "significantly more than seven per cent".

In my opinion, at least 50% of the revenue from the tournament on the ATP needs to go back to the players in prize money, ATP 250/500/1000 and GS events. Tennis is doing very well globally and that the big 3 must leverages their influences on tournament official and organizers to make this happen. Otherwise, the top 100 ATP players should band together and boycott ALL ATP 250/500/1000 and GS events until they prize money is equal to at least 50% of the tournament revenue. I can guarantee you that if no ATP players from the top 100th participate in high level events, the tournament organizers will cave in very quickly with nobody purchases ticket and no TV revenue. I went to the USO and paid $12 for a tiny hamburger, I need to see a large chunk of that money going to the players. The goal here to have the top 200th players on the ATP tours be able to make a living while playing on the tours. It will attract more talent into tennis.

Fed and Nadal always say that they both want to leave the game better than when they first started. I guess it is time to either put up or shut up.

 

[Deon Sanders]

The US Open is run by a non-profit and all that revenue is used to fund tennis throughout the United States so there is even a sport for them to make money on including right into funding challengers and futures and major ATP events.

Where do you think its going?

 

[bobleenov1963]

The US Open is run by a non-profit and all that revenue is used to fund tennis throughout the United States so there is even a sport for them to make money on including right into funding challengers and futures and major ATP events.
Where do you think its going?

I am also working for a non-profit company where our company CEO is being paid 3.4M/year, CFO is being paid 2.5M/year and CIO being paid 1.5M/year. The top 30 executive in this non-profit is being paid over 1M/year. All of this is legal. I am not being fooled by "non-profit".

I wondered how much of that money is being filtered down to the local level? Probably not a whole lot. Most of the money is being lavished by the corrupted USTA: https://www.showbiz411.com/2015/09/...ear-usta-calls-itself-non-profit-organization

From 2015:
Gordon Smith, the CEO of the US Tennis Association, took home $1.3 mil last year. The second highest ranking exec at the US Open, COO Daniel Zausner, got $828,700.


Total salaries for the USTA last year came to almost $7 million. That doesn’t include another $14 million to independent contractors.In 2013 they claimed $131 million in assets, un-taxed assets.


How do we know this? The USTA is a 501 c3, a non profit organization. They file a Form 990 Tax return. Like the NFL, they consider themselves a, ahem, charity.

At least they’re charitable. The USTA Foundation gave away roughly $1.6 million in 2013 to youth tennis and community groups. WTF!!!!!

I am speechless.

 

[Deon Sanders]

I am also working for a non-profit company where our company CEO is being paid 3.4M/year, CFO is being paid 2.5M/year and CIO being paid 1.5M/year. The top 30 executive in this non-profit is being paid over 1M/year. All of this is legal. I am not being fooled by "non-profit".

I wondered how much of that money is being filtered down to the local level? Probably not a whole lot. Most of the money is being lavished by the corrupted USTA: https://www.showbiz411.com/2015/09/...ear-usta-calls-itself-non-profit-organization

From 2015:
Gordon Smith, the CEO of the US Tennis Association, took home $1.3 mil last year. The second highest ranking exec at the US Open, COO Daniel Zausner, got $828,700.


Total salaries for the USTA last year came to almost $7 million. That doesn’t include another $14 million to independent contractors.In 2013 they claimed $131 million in assets, un-taxed assets.


How do we know this? The USTA is a 501 c3, a non profit organization. They file a Form 990 Tax return. Like the NFL, they consider themselves a, ahem, charity.

At least they’re charitable. The USTA Foundation gave away roughly $1.6 million in 2013 to youth tennis and community groups. WTF!!!!!

I am speechless.

Umm the USTA Foundation is the smallest part of their giving

Here is their financial statement. 98% of their revenue goes to program services which is paying to run the US Open and then United States tennis programs.

 

[ChaelAZ]

In my opinion, at least 50% of the revenue from the tournament on the ATP needs to go back to the players in prize money, ATP 250/500/1000 and GS events. Tennis is doing very well globally and that the big 3 must leverages their influences on tournament official and organizers to make this happen. Otherwise, the top 100 ATP players should band together and boycott ALL ATP 250/500/1000 and GS events until they prize money is equal to at least 50% of the tournament revenue. I can guarantee you that if no ATP players from the top 100th participate in high level events, the tournament organizers will cave in very quickly with nobody purchases ticket and no TV revenue. I went to the USO and paid $12 for a tiny hamburger, I need to see a large chunk of that money going to the players. The goal here to have the top 200th players on the ATP tours be able to make a living while playing on the tours. It will attract more talent into tennis.

Players invest nothing for the privledge to have opporuntities to make millions. Tournaments take all the risk and bare all the costs - planning, hiring, marketing, selling, all the logistics...There is no way players deserve 50%.

 

[bobleenov1963]

Players invest nothing for the privledge to have opporuntities to make millions. Tournaments take all the risk and bare all the costs - planning, hiring, marketing, selling, all the logistics...There is no way players deserve 50%.

Going by your logic, Football, basketball and baseball players should not get at 50% revenue either. But they do. Why is tennis different? The top 100th players should band together and make life easier for lower ranked players.

 

[bobleenov1963]

Umm the USTA Foundation is the smallest part of their giving

Here is their financial statement. 98% of their revenue goes to program services which is paying to run the US Open and then United States tennis programs.

That's the code word for corruption and paying themselves.

 

[ChaelAZ]

Going by your logic, Football, basketball and baseball players should not get at 50% revenue either. But they do. Why is tennis different? The top 100th players should band together and make life easier for lower ranked players.

If they funded more lower ranked players I think the percentage would proportional go up. For tema sports you have bench warmers making a minimum of $350,000 and there is a long list of them. Then even down in farm and feeder leagues they get paid, so the is relationally a shizz ton more human capital that is being funded compared to basically the top 100 players getting paid. But just to say the top players should all of a sudden be getting half the money, that is a resounding no, they should not.

 

[bobleenov1963]

If they funded more lower ranked players I think the percentage would proportional go up. For tema sports you have bench warmers making a minimum of $350,000 and there is a long list of them. Then even down in farm and feeder leagues they get paid, so the is relationally a shizz ton more human capital that is being funded compared to basically the top 100 players getting paid. But just to say the top players should all of a sudden be getting half the money, that is a resounding no, they should not.

The top players should NOT get less money... That's not the point.... Let say they raise the prize money from 7% of the tournament revenue to 50%, the top players can get three times that amount, but the 1st round loser can get 324K instead of 54K. It will definitely attract more talented people into tennis. That's my point.

 

[Deon Sanders]

The top players should NOT get less money... That's not the point.... Let say they raise the prize money from 7% of the tournament revenue to 50%, the top players can get three times that amount, but the 1st round loser can get 324K instead of 54K. It will definitely attract more talented people into tennis. That's my point.

If the USTA had to pay 50% of the US Open revenue to the players that are in the US Open it would go a significant way towards killing tennis in the United States including the loss of a significant percent of junior, futures and challenger events which is the feeder system

 

[bobleenov1963]

If the USTA had to pay 50% of the US Open revenue to the players that are in the US Open it would go a significant way towards killing tennis in the United States including the loss of a significant percent of junior, futures and challenger events which is the feeder system

How so? do you have any evidence to back that up?

My son has been playing tennis for almost ten years and we didn't get a single penny from the USTA.