logo
US Open singles champions will get a record US$5 million in 2025 and total compensation is up 20%

US Open singles champions will get a record US$5 million in 2025 and total compensation is up 20%

CTV News2 days ago
The U.S. Open logo is shown on the Arthur Ashe Stadium, Thursday, Aug. 27, 2020, in New York. (AP Photo/Frank Franklin II)
Prize money at the U.S. Open will rise to nearly US$85 million across all competitions this year, including a record $5 million each to the women's and men's singles champions, and total player compensation is jumping 20% to $90 million, the most in tennis history.
The U.S. Tennis Association announced the payouts Wednesday for the year's last Grand Slam tournament, which begins with the new mixed doubles event and its $1 million top check on Aug. 19-20. Singles competition starts on a Sunday for the first time — Aug. 24 — as those brackets expand from 14 days to 15.
The increases at Flushing Meadows — where last year's total compensation was $75 million — come as the sport's leading players have been in discussions with each of the four major tournaments in a bid to receive a higher percentage of revenues at the U.S. Open, Wimbledon, French Open and Australian Open.
Novak Djokovic, Coco Gauff and 2024 U.S. Open champions Aryna Sabalenka and Jannik Sinner were among 20 players who signed a letter sent to the heads of the four Grand Slam events in March seeking more prize money and a greater say in what they called 'decisions that directly impact us.' Since then, some players have held talks with the majors.
The previous high amount for a U.S. Open singles championship was $3.85 million in 2019, before decreasing during the COVID-19 pandemic.
This year's $5 million check represents a 39% hike from last year's $3.6 million. The same percentage increase was applied to the singles runners-up, who get $2.5 million each. Semifinalists will earn $1.26 million, a 26% rise.
At Wimbledon, which ended last month, prize money went up about 7% to about $73 million at the exchange rate when the All England Club announced its player payments. The singles champions were paid about $4 million apiece.
In New York, the winning teams in women's and men's doubles will receive $1 million, a new high for those events at the U.S. Open, where total prizes for qualifying are going up to $8 million, a 10% increase.
The $85 million in 2025 U.S. Open prize money includes singles, doubles, qualifying and wheelchair events.
Wednesday's news comes after the USTA said in May that its main arena, Arthur Ashe Stadium, would be overhauled as part of an $800 million project touted as the 'largest single investment' in U.S. Open history.
___
Howard Fendrich, The Associated Press
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

'Not meant to be': Manitoba Museum reflects as Bay charter heads elsewhere
'Not meant to be': Manitoba Museum reflects as Bay charter heads elsewhere

Toronto Sun

time11 minutes ago

  • Toronto Sun

'Not meant to be': Manitoba Museum reflects as Bay charter heads elsewhere

Published Aug 08, 2025 • 4 minute read The original charter of the Hudson's Bay Company is seen at the National Research Council in Ottawa in 1997. Photo by Pat McGrath / Ottawa Citizen / Postmedia Network The Manitoba Museum might have one of the largest collections of Hudson's Bay artifacts, but its CEO isn't bitter the defunct retailer's crown jewel isn't destined for her institution. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account There will soon be a new home for the 355-year-old royal charter that birthed the Bay, giving it extraordinary control over a vast swath of unceded lands — and enormous influence over settlers' early relations with Indigenous Peoples. It will wind up at the Canadian Museum of History, pending court approval of a plan to let the Weston family buy the charter and donate it to the Gatineau, Que., organization. 'I'm glad that it has ended up at a museum. I think that's important,' said Dorota Blumczynska, CEO of the Manitoba Museum in Winnipeg. 'But I'm not going to sugarcoat the fact that we had certainly hoped that it would be in Manitoba and that it would be in the Manitoba Museum.' The document became available after the Bay filed for creditor protection in March under the weight of tremendous debt. To recover whatever cash it could for creditors, it liquidated all of its stores and hatched a plan to put its most prized possessions _ 1,700 art pieces and 2,700 artifacts — on the auction block. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Before an auction could begin, the Westons swooped in, pitching the Bay on a $12.5 million purchase and immediate donation of the document. Prior to the announcement, historians and Indigenous communities were worried the charter would wind up on the wall of a deep-pocketed private collector, taking the historic document out of public view and perhaps, the country. Many thought the charter was best suited for a public institution and named the Manitoba Museum as an ideal home. After all, a 1994 donation from the Bay gave it 27,000 items linked to the business, including furnishings from the company's former head office in London, England and a birch bark canoe from the early 20th century. The charter is 'a very complimentary piece to all the stories that we share about the Hudson Bay Company at the Manitoba Museum,' Blumczynska said. This advertisement has not loaded yet, but your article continues below. 'If it could have been here, that would have been wonderful, but it wasn't meant to be,' she said. A purchase wouldn't have been 'in the realm of the possible' because the Manitoba Museum has 'limited means.' It didn't even try to court donors to make a purchase on its behalf because Hudson's Bay moved so rapidly from creditor protection to complete collapse, she said. 'We didn't have the means really to very quickly respond in order to activate donors to try to put together a bid,' Blumczynska said. Another possible home for the charter might have been the Archives of Manitoba, which holds the Hudson's Bay Company Archives. They're comprised of Bay maps dating back to 1709, videos, audio recordings and so many diaries, letters and research notes that textual records alone take up more than 1,500 linear meters of shelf space. This advertisement has not loaded yet, but your article continues below. Asked about the proposed plan for the charter, Manitoba government spokesperson Glen Cassie said, 'at this time, it would not be appropriate for the province to comment.' He referred The Canadian Press to Anna Gibson Hollow, president of the Association of Canadian Archivists. She said archivists have 'mixed feelings' about the Westons' plan. They're relieved it involves housing the charter in a Canadian heritage organization but are a bit disappointed it's not destined for the Manitoba archives, which are 'more than equipped to preserve and provide access to the charter.' Yet there are many reasons why the Canadian Museum of History will be a fitting alternative. It has roots dating back to 1856 and a collection so expansive it traces Canada's history from the dawn of human habitation to the present — a span of some 15,000 years. This advertisement has not loaded yet, but your article continues below. Plus, it's a Crown corporation, so the donation will make the charter 'effectively the property of the people of Canada,' the Westons said in a June letter they sent the Bay pitching the plan. The donation comes with a stipulation that the charter be shared with other museum and Indigenous groups across the country. The document has seldom been seen by the public. It long resided at the Bay's Toronto head office before being recently moved to a secure facility as it awaited auction. It was temporarily loaned to the Manitoba Museum in 2020, but the COVID-19 pandemic reduced opportunities for public viewing. Blumczynska said her museum would 'absolutely welcome it back.' 'We look forward to when it's going to be able to visit Manitoba and Manitobans again,' she said. This advertisement has not loaded yet, but your article continues below. She would also welcome any other Bay artifacts donors want to buy from the company's eventual auction because the museum's collection is always growing. 'We certainly look at the HBC collection, not as something that is static, but rather as something that we continue to try and understand better and fill out the gaps (with) the collection that may still be in the hands of Canadians and who generously want to give to the public,' she said. 'Every single year, descendants or families who discover things sometimes in their basements or in their attics or collections approach the museum for an assignment of an artifact and then donate it.' Read More

Meta taps PIMCO, Blue Owl for US$29 billion data centre expansion project, source says
Meta taps PIMCO, Blue Owl for US$29 billion data centre expansion project, source says

CTV News

time11 minutes ago

  • CTV News

Meta taps PIMCO, Blue Owl for US$29 billion data centre expansion project, source says

Meta's logo is seen on a sign at the company's headquarters in Menlo Park, Calif. (AP Photo/Godofredo A. Vásquez, File) Meta has tapped U.S. bond giant PIMCO and alternative asset manager Blue Owl Capital to spearhead a US$29 billion financing for its data center expansion in rural Louisiana, a person familiar with the matter told Reuters. PIMCO will handle about $26 billion of debt, likely to be issued in the form of bonds, while Blue Owl will contribute $3 billion in equity, the person said, speaking on condition of anonymity. Bloomberg News, which first reported the deal, said that the company has been working with Morgan Stanley to raise funds, while Apollo Global Management and KKR were also in the running to lead the deal until the closing stage of negotiations. Meta, PIMCO and Blue Owl declined to comment on the report. The deal comes as Meta looks for partners to help fund its AI infrastructure push. Last week, the company said in a filing that it planned to offload about $2 billion in data center assets as part of a co-development strategy to share the costs of building facilities for generative AI. In July, Meta CEO Mark Zuckerberg said that the company would spend hundreds of billions of dollars to build several massive AI data centers for its superintelligence unit, intensifying his pursuit of a technology he has chased with a talent war for top engineers. Its first multi-gigawatt data center, dubbed Prometheus, is expected to come online in 2026, while another, called Hyperion, will be able to scale up to 5 GW over the coming years, Zuckerberg said in a post last month on his Threads social media platform. In June, the Financial Times reported that Meta was seeking to raise $29 billion from private capital firms to build AI data centers in the U.S., adding that the company is debating how to structure the debt raise and is also evaluating options to raise more capital. (Reporting by Surbhi Misra and Chandni Shah in Bengaluru; Editing by Alan Barona and Sonia Cheema)

World food prices at 2-year high on rising meat and edible oils, FAO says
World food prices at 2-year high on rising meat and edible oils, FAO says

CTV News

time11 minutes ago

  • CTV News

World food prices at 2-year high on rising meat and edible oils, FAO says

Cuts of beef are seen at a supermarket in Montreal. (Ryan Remiorz/The Canadian Press) World food commodity prices rose in July to their highest in over two years, as a jump for vegetable oils and record levels for meat outweighed falling cereal, dairy and sugar prices, the United Nations' Food and Agriculture Organization said. The FAO Food Price Index, which serves as a global benchmark for food commodity prices, averaged 130.1 points in July, a 1.6 per cent increase from June, FAO said. That was the highest reading since February 2023, though the index was 18.8 per cent below its peak of March 2022, which followed Russia's full-scale invasion of Ukraine. FAO's meat price index hit a new all-time high of 127.3 points, up 1.2 per cent from its previous peak in June, as strong import demand from China and the United States boosted beef and sheep meat prices, the agency said. U.S. beef imports have climbed after drought led to a decline in the domestic cattle herd. China shipped in record amounts of beef last year amid growing popularity of the meat, though an official probe into imported beef has raised uncertainty about Chinese demand. In other meat markets, poultry prices rose slightly following the resumption of imports of Brazilian chicken by major buyers after Brazil regained its avian influenza-free status following action against a first farm-level outbreak. In contrast, pig meat prices declined due to sufficient supplies and lower demand, particularly in the European Union, FAO added. The agency's vegetable oil index surged to 166.8 points, up 7.1 per cent month-on-month and the highest level in three years. This increase was driven by higher quotations for palm, soy, and sunflower oils due to robust global demand and tightening supplies, though rapeseed oil prices fell as new-crop supplies arrived in Europe, FAO said. FAO's cereal price benchmark eased to its lowest in almost five years, reflecting seasonal supply pressure from wheat harvests in the Northern Hemisphere. Its separate rice index dropped 1.8 per cent last month, driven by ample export supplies and weak import demand. Dairy prices edged down for the first time since April 2024, with declines for butter and milk powders offsetting further gains for cheese. FAO's sugar price index eased for a fifth consecutive month on expectations of increased production in Brazil and India, despite indications of recovering global sugar import demand, the agency said. SOF/L FAO did not update its cereal supply and demand estimates this month. (Reporting by Gus Trompiz. Editing by Alex Richardson and Mark Potter)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store