Indian Wells Price Increase Approved

DragonBlaze

Hall of Fame
I searched for this topic but didn't find a thread here, so my apologies if there is one already.

Anyway, here is the article

Prize money at the 2013 BNP Paribas Open will increase to US$5,030,402 following the ATP Board of Directors’ approval of Indian Wells’ proposed prize money distribution for 2013, the ATP announced on Wednesday.

The approval of the prize money distribution leads to more than US$860,000 of additional prize money on offer across the men’s singles and doubles events for 2013. By virtue of the approval, every player in the men’s singles and doubles events will earn above the minimum prize money levels per round established for the tournament.

“Prize money increases are always a positive reflection on the state of our sport, however there are a number of safeguards in place in accordance with ATP rules to ensure that prize money being invested into the sport is distributed in a manner that benefits our players proportionately from one round to another,” said Brad Drewett, ATP Executive Chairman and President. “We have worked with tournament organisers over a number of weeks in order to get as close to the ATP prize money distribution rules as possible. We’re pleased to have reached a decision for 2013.

“The investment that Larry Ellison has made in the BNP Paribas Open in recent years has been tremendous for the sport. Tennis is fortunate to have the support of someone like Larry who is so passionate about the game. The BNP Paribas Open continues to cement its position as one of the most player and fan-friendly events on the ATP World Tour.”

The ATP also announced that it is continuing to review a new Tour-wide rule which will apply to tournaments wishing to deviate from ATP prize money breakdown rules in the future.

“The unique set of circumstances generated by the Indian Wells case has prompted us to seek to provide a permanent rule that will account for similar cases arising at ATP World Tour events in the future. For the long term benefit of both our players and tournaments, it’s important to establish a rule that can provide suitable parameters for similar requests to be processed in years ahead. We are always looking for ways to increase prize money for our players and continue to review a number of options in this area,” said Drewett.

http://www.atpworldtour.com/News/Tennis/2013/02/8/Indian-Wells-Prize-Money-Distribution.aspx

Edit: Ugh, I meant to say prize money increase in the thread title obviously. Sigh.
 
What was the problem? The ATP didn't want IW to look better than some other events? I've seen the headlines pertaining to this, but haven't read any of the articles.
 
The representatives of tournament owners did not want upward prize money pressure on other tournaments, but there were rather more technical arguments used somewhat as a front.
 
The IW first round losers go from $8K to $11K. The men's winner if I am not mistaken will get around a million.

As you guys probably know, most major pro sports split rev 50/50 ish with the players. Tennis I believe is down there under 20%.

Indian Wells is making a move even if small toward greater rev shre for the the players.

Speaking of which, IW or the BNP Paribas Open as we writers are instructed to call it, is in my view the best experience in person on the world tour.

Wonder how many of you go and what you think. Got a lot of memories from 10 years or so of attendance.
 
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^^ so the winner earns 100 times more than fully half of the players who show up, as half are eliminated immediately. THAT'S a situation unlike any other major sport.
 
The IW first round losers go from $8K to $11K. The men's winner if I am not mistaken will get around a million.

As you guys probably know, most major pro sports split rev 50/50 ish with the players. Tennis I believe is down there under 20%.

Indian Wells is making a move even if small toward greater rev shre for the the players.

Speaking of which, IW or the BNP Paribas Open as we writers are instructed to call it, is in my view the best experience in person on the world tour.

Wonder how many of you go and what you think. Got a lot of memories from 10 years or so of attendance.

I will be there this time, around the first weekend time frame.

Are you filming there this year?
 
^^ minimum salary for the season about to begin is $490,000. (And unlike tennis, players also get a cash daily meal allowance and of course have all their travel and hotel bills paid for.)
 
I wonder who would be #100 in the world today if that was the prize amount--even without expenses...team players don't pay for those planes and hotels if I am correct.
 
In 2012:

The 100th ranked NBA player (by salary) made $6,665,000!!!!!!

(source: http://espn.go.com/nba/salaries/_/page/3 )

The 100th Ranked Golfer (by salary) made:$1,009,769.40

(source: http://espn.go.com/golf/moneylist/_/page/2/year/2012 )

The average Baseball player made: $3.4 million
-Keep in mind, there are over 1000 baseball players

(source: http://work.chron.com/average-salary-pro-baseball-player-8344.html )

Compare these #s to the career prize money of the 100th ranked tennis player: $2,629,324

(source: http://www.atpworldtour.com/Tennis/Players/Top-Players/Sergiy-Stakhovsky.aspx )


Tennis has some catching up to do it seems!
 
I wonder. Anyone think this could be a building block for Larry Ellison if he wants to succeed Drewett? Or is his plate pretty full already?
 
In 2012:

The 100th ranked NBA player (by salary) made $6,665,000!!!!!!

(source: http://espn.go.com/nba/salaries/_/page/3 )

The 100th Ranked Golfer (by salary) made:$1,009,769.40

(source: http://espn.go.com/golf/moneylist/_/page/2/year/2012 )

The average Baseball player made: $3.4 million
-Keep in mind, there are over 1000 baseball players

(source: http://work.chron.com/average-salary-pro-baseball-player-8344.html )

Compare these #s to the career prize money of the 100th ranked tennis player: $2,629,324

(source: http://www.atpworldtour.com/Tennis/Players/Top-Players/Sergiy-Stakhovsky.aspx )


Tennis has some catching up to do it seems!

How much did the 100th basketball player outside the US make?

You cannot compare US leagues with international tournaments, just like you cannot compare the money made in IPL cricket leagues in India with 100th ranked cricket players in other places.
 
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