In 2024, the ATP distributed $1.3 million to 26 players as part of its new financial security program, which aims to provide a guaranteed minimum income to those on the men's tennis tour. The initiative, called the Baseline program, was launched earlier this year as part of a three-year trial designed to help players facing financial challenges, such as injury or performance setbacks.
ATP Chairman Andrea Gaudenzi has called the program a "game-changer," explaining that it offers crucial support for players trying to build sustainable careers. “We’re giving players the financial support they need to overcome challenges and build a sustainable career," he said. Gaudenzi emphasized that the program was meant to aid not just established players but also newcomers to the tour.
The Baseline program guarantees minimum income for the top 250 ranked singles players, ensuring they have financial stability even if they do not perform well in tournaments. This year, 17 players received funding from the minimum guarantee plan, which the ATP used to cover any earnings shortfall. Additionally, three players benefited from the income protection plan after experiencing injury-ridden seasons.
The program has already made a tangible difference, especially after the financial difficulties many players faced during the Covid-19 pandemic. With tournaments paused, lower-ranked players struggled to make ends meet, prompting top stars like Roger Federer, Rafael Nadal, and Novak Djokovic to advocate for a financial solution.
The ATP also introduced a newcomer investment plan, which helped seven players who broke into the top 125 for the first time. These rising stars received financial aid to support their development on the tour and transition into higher levels of competition.
Looking ahead, the ATP plans to increase the guaranteed minimum earnings for players in 2025. Singles players ranked between 101 and 175 will be guaranteed $200,000, up from $150,000, while those ranked 176-250 will see their threshold rise to $100,000 from $75,000. The threshold for players in the top 100 will remain at $300,000.
The ATP’s expanded support in 2025 will ensure that all players in the top 250 at the end of 2024 will earn at least $100,000 next year, provided they compete in at least 15 events. This step is a clear indication of the ATP's growing commitment to supporting the financial well-being of players on the tour.
ADD A COMMENT :