Categories: Tennis News

Why did Djokovic and Osaka earn almost $1M less for winning AO this year?

Novak Djokovic won the recently concluded Australian Open a record 9th time, while Osaka won her 4th Grand Slam title and her second Australian Open title. It was a dominant victory for both the champions, with the spoils being a cool $2.13M home. But this number is almost $1M less than the previous year.

What makes this even more impressive is that the Australian Open saw a $7M increment in the prize pool for the 2021 edition. Where did all the extra money go? And why did the increment in the prize pool still lead to a dip in the champions’ earnings?

The answers can be traced back to the first week of February when Tennis Australia CEO Craig Tiley said this:

“We have significantly reduced the winners’ prize money, but players like Novak Djokovic and Serena Williams agreed with spreading the prize money more evenly, providing the up-and-coming players an opportunity to earn more because it has been a difficult year. We think it’s a great initiative and I have had zero pushback.”

So this has meant the participants have seen a significant boost in their earnings compared to 2020. This is true irrespective of the round in which the player was knocked out. For example, players who got knocked out in Round 1 of the Australian Open earned $77,750, up 11.1% from $70,000 in 2020.

Similarly, players who got knocked out in Round 2 earned $116,625, up 17.2% from $99,500 in 2020. Meanwhile, the tournament winners earned $2.138M this year, down 33.3% from $3.205M in 2020. Similarly, the runners-up won $1.166M, down 27.4% from $1.503M in 2020.  

In essence, players exiting in Round 1 to 4 saw an increment in their earnings, compared to 2020. Conversely, players who crossed the quarterfinals hurdle saw a decrement in their paychecks, with the quarterfinalists seeing no change in their revenue.

This is a big win for the Tennis community and for Djokovic, particularly with the Serbian ace doing what greats like Federer, Nadal and Murray could, but never took the initiative to do. Djokovic has been campaigning for fairer payouts for years now, and the combination of Covid-19 and increasing hardships for players and organizers has finally made his voice heard.

Written By

Chirag Bhattad

Staff

Recent Posts

West Indies vs Bangladesh 1st Test, 2024: Preview and Predictions

Can Bangladesh have a strong away series? A struggling and injury-hit Bangladesh have reached West…

1 hour ago

UFC signs new Asia-focused deal with Pepperstone

Pepperstone joins as Official Partner The UFC has announced a new partnership with online forex…

22 hours ago

Crystal Palace teams up with Fost & Co.

Local partnership announced English football club Crystal Palace have announced a new partnership with Bromley-based…

22 hours ago

Australian Open extends Marriott Bonvoy deal

Multi-year extension announced Tennis Australia has announced a multi-year partnership extension with the Marriott Bonvoy,…

2 days ago

Border-Gavaskar Trophy 2024/25 | Australia v India 1st Test | Preview and Predictions

In this article, we present to you our preview and predictions for the first game…

2 days ago

Williams joins forces with Zoox

Zoox joins as Official Regional Partner British Formula One team Williams Racing have recently announced…

2 days ago