HomeNewsATP Announces Financial Safety Net for Top 250 Players Starting 2024
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ATP Announces Financial Safety Net for Top 250 Players Starting 2024

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On Tuesday, the ATP made an announcement about the introduction of a financial safety program starting in 2024. This program is aimed at players who are ranked within the top 250 and offers them a guaranteed minimum annual income, as well as assistance in the event of injuries. The outbreak of the COVID-19 pandemic led to significant financial hardships for numerous players when the tennis season was temporarily suspended. This situation prompted prominent Tennis figures such as Roger Federer, Rafal Nadal, and Novak Djokovic to advocate for a solution.

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The organizers of the men’s professional tennis tour also revealed that this endeavor would allocate financial support to emerging players as soon as they enter the top 125 rankings worldwide. Named the ‘Baseline’ initiative, this scheme establishes specific income thresholds for players based on their rankings. In cases where a player’s prize money earnings fall short, the ATP will step in to make up the difference.

For the upcoming 2024 season, a definite benchmark has been established for the leading 100 players in the field, ensuring a minimum payment of $300,000 (equivalent to 276,523 euros). This remuneration scale diminishes to $150,000 for those occupying the 101st to 175th ranks and further decreases to $75,000 for players within the top 250 who do not fall into the preceding categories.

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For players meeting the eligibility criteria, the monetary support provided is also associated with their respective rankings. The allocation begins at $200,000 for players placed within the top 100. This allocated amount is capped at $100,000 for those ranked between 101st and 175th, and it is further set at $50,000 for players outside this range. The ATP has committed to providing upfront payments based on prospective earnings to players who achieve a top 125 ranking for the very first time.

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