-
Hamilton drives his Ferrari dream at Monza
-
Stoic Verstappen looking beyond 'painful' Monza weekend
-
Senegal has an IMF loan, now what?
-
OpenAI begins rollout of new powerful AI model GPT-6 Astra
-
Auger-Aliassime upset by Khachanov at US Open
-
FIFA blasts UEFA 'smear campaign,' fights World Cup plan disclosures
-
Hugging Face, the French start-up that became AI's warehouse
-
Zelensky hopes to host US envoys in Kyiv in 'coming days'
-
World Cup winner Llorente retires from Spain team at 31
-
Martinelli joins Al-Hilal from Arsenal for reported £60 million
-
Osaka squeezes into US Open third round
-
Tesla's semi-autonomous driving could be adapted to EU norms: France
-
Apple faces £2 bn lawsuit in UK over app privacy feature
-
37 people die from fumes during oil pipeline theft in Nigeria: NGO
-
Former champ Swiatek eases into US Open third round
-
Ahead of elections, Israel tests West's patience on West Bank violence
-
DR Congo latest to promise moving Israel embassy to Jerusalem
-
Antonelli will obey Mercedes orders to help 'tow' teammate Russell
-
War criminal Mladic's body returns to Serbia with military honours
-
UK fintech Revolut gains conditional US banking licence
-
Pierre Cardin museum brings designer's futurist style to Venice
-
Mara sisters channel childhood energy for twins performance at Venice
-
Slovenian rookie Omrzel triumphs as Mas extends Vuelta lead
-
UN's Sudan probe says foreign fighters fuelling conflict
-
British, French leaders talk migrants, EU relations
-
Violence erupts at S.Africa anti-migrant protest
-
Heading for Ferrari's home race, Leclerc still dreams of world title
-
Nothing left: Nepal flood survivors face loss and uncertainty
-
Cafe at centre of Israel culture clash agrees to shut on Sabbath
-
Tesla to launch self-driving 'Cybercab' in Texas
-
Spacecraft bound for Mercury begins 'tricky' arrival
-
Europe struggles to respond as Russia escalates shadow warfare
-
Initial expert report blames tanker for collision off Istanbul
-
Malta PM urges 'caution' after acquittal in journalist's murder
-
'Everyone a winner' with Barcola transfer, says PSG coach Luis Enrique
-
Spanish PM says no 'solid proof' Morocco planned Ceuta migrant rush
-
Ukraine, India discuss Black Sea, food security on FM's 'historic' Kyiv visit
-
Venezuela's Maduro seek immunity from US drug charges
-
Europe bids to be robot superpower like US, China
-
Tazapay Now Live on the Borderless.xyz Network For Seamless Money Movement to Asia Pacific and Latin America
-
US Fed official joins growing group open to rate hike if inflation rises
-
DWF Labs Expands Global Regulatory Footprint with BVI Virtual Asset Service Provider Approval
-
Hugh Jackman in talks to buy stake in Norwich football club
-
Just the beginning of the journey, Broeders-Bol says of 800m adventure
-
Yen surges on new intervention talk, oil prices climb
-
US trade gap in July hits biggest in over a year on AI buildout
-
US feminist icon Gloria Steinem dies aged 92
-
Study shows plug-in hybrids polluting far more than expected
-
France recorded 'hottest summer ever': environment minister
-
Lost tool disrupted Airbus jet deliveries for months
ATP introduces financial safety net for players in top 250
The ATP announced on Tuesday the creation from 2024 of a financial security programme for players ranked inside the top 250, guaranteeing a minimum yearly income and support in case of injury.
Organisers of the men's professional tennis circuit also said the initiative would provide funding to up-and-coming players once they break into the world's top 125.
The 'Baseline' scheme ensures minimum income levels for players based on their ranking, with the ATP set to compensate for any shortfall in prize money earnings.
For the 2024 season, the "guaranteed threshold" for top-100 players will be $300,000 (276,523 euros). The amount drops to $150,000 for those ranked 101-175 and then $75,000 for any remaining players inside the top 250.
"This assurance will empower players to plan their seasons with greater certainty, focus on their game and invest in their teams," said the ATP.
It will also offer support to players who appear in "fewer than nine ATP Tour and Challenger Tour events in a season due to injury".
The financial aid available for those eligible is also linked to a player's ranking, starting at $200,000 for the top 100. The limit is $100,000 for places 101-175 and then 50,000 for the rest.
The ATP has pledged to pay advances on future winnings to players who reach the top 125 for the first time.
They will "have access to $200,000 of funding... paid in advance of the following season and offset against prize money earnings".
"Being a professional tennis player comes with incredible rewards, but it's also a challenging journey, especially for those starting their careers," said Grigor Dimitrov, a member of the ATP player advisory council.
"Baseline is a game-changer. Knowing that we have a safety net through the minimum guarantee and injury protection pillars gives us peace of mind, allowing us to focus on our game and strive for success."
The ATP is regularly criticised by players for the inequality between the top players who earn vast sums of money and those at the lower end of the rankings who struggle to make ends meet.
G.AbuHamad--SF-PST