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            <title>Amid the Covid-19 pandemic, US Open reduces prize money by $850,000 - The Daily Guardian</title>
            <link>https://latest.thedailyguardian.com/sports/amid-the-covid-19-pandemic-us-open-reduces-prize-money-by-850000/</link>
            <guid>https://latest.thedailyguardian.com/sports/amid-the-covid-19-pandemic-us-open-reduces-prize-money-by-850000/</guid>
            <pubDate>August 7, 2020, 3:21 am</pubDate>
            <description><![CDATA[The US Open has slashed its prize money for the singles title winner for the 2020 edition of the tournament by $850,000. This is, however, accompanied by an increase in prize money for the first round which starts on August 31. Both the men’s and women’s singles champion will earn $3 million, said the United [&hellip;]
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<p>The US Open has slashed its prize money for the singles title winner for the 2020 edition of the tournament by $850,000. This is, however, accompanied by an increase in prize money for the first round which starts on August 31.</p>



<p>Both the men’s and women’s singles champion will earn $3 million, said the United States Tennis Association (USTA).</p>



<p>&nbsp;The USTA further said that the US Open will offer $53.4 million in total players’ compensation in 2020 with $7.6 million dedicated towards players’ relief from the Covid-19 pandemic.</p>



<p>First-round prize money for men’s and women’s singles increased by 5 per cent over 2019 ($61,000 from $58,000), while second and third-round singles prize money was unchanged. Doubles prize money for the rounds of 32, 16 and the quarterfinals remain the same as 2019.</p>



<p>The USTA will also provide $6.6 million in additional relief grants and subsidies due to the decision to not hold qualifying and the reduction of the doubles draws.</p>



<p>These funds will be allocated equally to the ATP and WTA, which will then make the determination of how to distribute and/ or utilise them to provide replacement playing and ranking-point opportunities.</p>



<p>“We’re proud to be able to offer a player compensation package that maintains nearly 95 per cent of the prize pool from 2019,” said USTA Chief Executive Officer and Executive Director Mike Dowse.</p>



<p>&nbsp;“The prize money distribution for the 2020 US Open is the result of close collaboration between the USTA, WTA and ATP, and represents a commitment to supporting players and their financial well-being during an unprecedented time,” Dowse added.</p>
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            <dc:creator>Our Correspondent</dc:creator>
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