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Australian Open boss announces record-breaking prizemoney for 2024 event

Craig Tiley has revealed players at the 2024 Australian Open will compete for a record $86.5m prize pool.

Pictured Australian Open winners Novak Djokovic left and Arnya Sabalenka right
Players will compete for a record $86.5 million prize pool at next month's Australian Open. Image: Getty

Australian Open boss Craig Tiley has revealed there will be an increase in prizemoney for the 2024 Australian Open, insisting tennis players will be "compensated appropriately". The first Grand Slam of the year will see players compete for a record $86.5million prize pool at next month's event in Melbourne.

The record-breaking figure is a 13 per cent increase on the 2023 pool, with significant rises for players who are eliminated in the early rounds. Players competing in the Melbourne Park qualifiers will also see an increase in pay to ease their pain as just making the first round of qualifying will net a player $31,250 - up from $26,000.

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Yet it is those in the main draw who will be reaping the most rewards with a minimum $120,000 payday for anyone who qualifies and is knocked out in the first round. The top end of the scale has also seen a rise, with semi-finalists set to collect a mammoth $990,000, the runners-up will pocket $1.725m and the winners will receive $3.15million, some $175,000 more than what Novak Djokovic and Aryna Sabalenka brought home when they took out the Australian Open this year.

"We’ve upped prizemoney for every round at the Australian Open, with the major increases in qualifying and the early rounds of singles and doubles," Australian Open tournament director Craig Tiley said.

MELBOURNE, VICTORIA, AUSTRALIA - 2023/10/11: Tennis Australia CEO and Australian Open Tournament Director Craig Tiley (L) and Australian tennis legend Lleyton Hewitt (R) are seen at the Australian Open 2024 Media Launch. (Photo by Alexander Bogatyrev/SOPA Images/LightRocket via Getty Images)
Craig Tiley (pictured left) says the record-breaking figure is a 13 per cent increase on the 2023 pool. Image: Getty

"It is critical to the continued success of the Australian Open that we ensure that the best players in the world are compensated appropriately, as we know this allows players to invest in their own careers and in many cases helps set them up for success throughout the year.

"We want to ensure Australia remains the launch pad for the global tennis season and the players and their teams have everything they need to help them perform at their best and continue to enjoy the Happy Slam."

Rafa Nadal's coach fears how star's body will hold up at Australian Open

Rafa Nadal's coach Carlos Moya last month voiced his deep fears over how the former World No.1's body will hold up against the rigours of grand slam tennis. Nadal confirmed that he will make his long-awaited return to the court at the Brisbane International in January, in preparation for the Australian Open.

The 22-time grand slam champion has not played a match since hobbling out of the Melbourne Park grand slam in January after a shock second-round defeat to American Mackenzie McDonald. He has been struggling with a hip flexor problem and was only initially expected to be out of tennis for eight weeks with the injury. However, the 37-year-old ended up undergoing surgery on his hip in June after multiple setbacks, ruling him out for the remainder of the 2023 season.

As his return to tennis nears, Moya is worried about whether the 37-year-old's body will hold up for what is expected to be his farewell tour. "Rafa's going to go from training, which he's doing very well, to competing. It's impossible to have the same conditions in training as in a match," Moya said in an interview with the ATP Tour.

"Playing the best of five sets, win, rest, return to court two days later ... That's the doubt I have right now, especially for a grand slam. But we have time. If the Australian Open started tomorrow, it would be a real fear.

"There's still a month left, a tournament before in Brisbane, demanding training ... I think all of this will put him in a position to be able to endure it. But now that's my fear."

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