As part of the prize fund increase through the ATP World Tour, there will be a 9% rise in each of the next three years for the nine Masters 1000 events, which take place in cities such as Cincinnati, Paris, Rome and Shanghai. The season-ending World Tour Finals event will see a 30% increase in prize money, with the amount available to the eight participating players set to rise from $5 million to $6.5 million over the next three years.
A bonus pool on offer to the world's top 12 players will also rise by 33%, from $6 million to $8 million in 2014. The increases will not affect the prize fund at the four annual Grand Slams – the Australian Open, French Open, Wimbledon and US Open – as those tournaments are governed by the International Tennis Federation rather than the ATP.
“We are privileged to be experiencing a golden era in men's professional tennis,” said ATP executive chairman and president Adam Helfant. “It is fitting that the commitment and excellence of the players is recognised and rewarded in this way. We are very pleased to have reached this agreement that reflects the fact that business across the ATP World Tour is stronger than ever.”
