logo
Charleston Open will pay women same as men starting in 2026 with bank extending rights deal

Charleston Open will pay women same as men starting in 2026 with bank extending rights deal

Yahoo06-04-2025

CHARLESTON, S.C. (AP) — The Charleston Open is keeping Credit One Bank as its title partner through 2031 along with the tennis tournament paying equal prize money to women and men starting in 2026.
Credit One Bank announced the rights extension Sunday on the final day of this year's event. Prize money for the WTA-500 level event will be the same as the men's ATP-500 level event. That will make the Charleston Open the first standalone WTA 500 tournament to hike prize money before the 2033 goal for all weeklong WTA 1000 and 500 events to pay the same prize money to women as for men.
Advertisement
The 500 level is two below Grand Slams and one level below Masters 1000s.
Amber Greenwalt, Credit One Bank's senior vice president of brand and advertising, said the tournament has had a legacy of empowerment since 1973. This tournament was the first where women were offered $100,000 in prize money in 1973 and first to be broadcast live on network television. Inaugural champ Rosie Casals's $30,000 check was the largest payout to a woman that year.
'This commitment reflects our dedication to advancing equity both on and off the court, as we continue to champion progress and opportunity for all,' Greenwalt said in a statement.
The 2025 Charleston Open prize money will be $1.06 million and had been set to rise to approximately $1.15 million for 2026. The purse will match the ATP 500 event, which typically is more than $2 million with the amount finalized once the official prize money is released for the 2026 season.
Advertisement
'We are proud to take this action as part of our ongoing commitment to acknowledging the hard work and dedication of our athletes, leading by example for the next generation," tournament owner Ben Navarro said.
The nine-day event kicks off the clay season for the WTA Tour with a singles draw of 48 players, a qualifying draw of 28 and a doubles draw of 16. The Charleston Open is the largest women's only tennis tournament in North America.
___
AP tennis: https://apnews.com/hub/tennis

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stanley Cup Final for old men: Brad Marchand and Corey Perry shine on hockey's biggest stage
Stanley Cup Final for old men: Brad Marchand and Corey Perry shine on hockey's biggest stage

Fox Sports

time30 minutes ago

  • Fox Sports

Stanley Cup Final for old men: Brad Marchand and Corey Perry shine on hockey's biggest stage

Associated Press EDMONTON, Alberta (AP) — Brad Marchand and Corey Perry are by far the oldest players in the Stanley Cup Final. Marchand just turned 37 last month, and Perry is 40. Naturally, they combined for a third of the goals in Game 2 on Friday night, showing this is indeed a Cup final for old men, not for the earth but certainly in hockey. Marchand scored his second of the game to win it in double overtime for the Florida Panthers after Perry got the latest tying goal in the history of the final in the waning moments of regulation to give the Edmonton Oilers hope. "You saying he's old, or what?" teammate Seth Jones said of Marchand. 'I'm going to tell him you said that. He's a dog. He's a gamer. He's a competitor. He brings so much energy to our team on and off the ice.' Where does that energy come from to play 22 important minutes? Anton Lundell hopes it comes from him and fellow linemate Eetu Luostarinen, the pups keeping an older dog like Marchand feeling young. 'He likes to spend time and be around us,' said Lundell, who set up each of Marchand's breakaway goals. "He's in great shape, and it seems like nothing is stopping him.' Marchand is not slowing down in his 16th NHL season and 13th playoff run, the first away from the Boston Bruins. He is in the final for a fourth time, this one 14 years removed from his first when he and Boston also faced a Canadian team, the Vancouver Canucks, and won the Cup to keep the country's title drought going. His two-goal game came on the anniversary of scoring short-handed on Roberto Luongo in the 2011 final. Luongo now works for the Panthers in their front office and posted on social media after the game, 'Favorite player of all time.' "Lu is awesome," said Marchand, whose 10 goals in the final are the most among active players, one more than Perry. "Happy to be on his team.' Perry even longer ago helped beat a Canadian team in the final when he and Anaheim defeated Ottawa in 2007. He's playing for the Cup for a sixth time in his career and for the fourth time over the past five years and is still producing at important moments. His tying goal with 17.8 seconds on the clock in the third period was just the latest example. 'Determination, finding a way to find the puck and then obviously putting it in the net. He's got a skill for that,' Edmonton coach Kris Knoblauch said. 'Knowing in the playoffs it's hard to score and you need guys around the net and finding ways, he's as good as anybody finding ways to score.' Plenty of folks might be surprised to see Marchand and Perry doing this at their advanced ages. Paul Maurice, who has coached more games than anyone in NHL history except for Scotty Bowman, is not one of them. Maurice credits rule changes coming out of the 2004-05 lockout and sports science around the league for paving the way for players to contributed later into their 30s and even 40s. 'I think we're coming into an age of that,' Maurice said. "A tremendous amount of care for the players, whether that's the meals that they eat, how we travel — there's a lot of money that goes into allowing these players to play. The old guys and the young guys benefit from the rule change, and they're better fit, conditioned athletes over their entire lives.' Marchand has his own routine, one that goes beyond the Dairy Queen Blizzard jokes that keep swirling around him this playoffs. He rode a stationary bike before overtime, something he likes to do after most periods. 'You're trying to keep your legs going in overtime," Marchand said. 'Keep them feeling good.' The Panthers are feeling good after acquiring Marchand at the deadline from Boston and unleashing him for goals in Game 2 that tied the series. Winger Matthew Tkachuk thinks Marchand scored two of their biggest goals during this run, aging like a fine wine. 'Hopefully he can keep it going,' Tkachuk said. Unreal player, unreal competitor. ... 'He could play till he's 47 the way he's going.' ___ AP NHL playoffs: and recommended

How the Vatican manages money and where Pope Leo XIV might find more
How the Vatican manages money and where Pope Leo XIV might find more

The Hill

time38 minutes ago

  • The Hill

How the Vatican manages money and where Pope Leo XIV might find more

VATICAN CITY (AP) — The world's smallest country has a big budget problem. The Vatican doesn't tax its residents or issue bonds. It primarily finances the Catholic Church's central government through donations that have been plunging, ticket sales for the Vatican Museums, as well as income from investments and an underperforming real estate portfolio. The last year the Holy See published a consolidated budget, in 2022, it projected 770 million euros ($878 million), with the bulk paying for embassies around the world and Vatican media operations. In recent years, it hasn't been able to cover costs. That leaves Pope Leo XIV facing challenges to drum up the funds needed to pull his city-state out of the red. Anyone can donate money to the Vatican, but the regular sources come in two main forms. Canon law requires bishops around the world to pay an annual fee, with amounts varying and at bishops' discretion 'according to the resources of their dioceses.' U.S. bishops contributed over one-third of the $22 million (19.3 million euros) collected annually under the provision from 2021-2023, according to Vatican data. The other main source of annual donations is more well-known to ordinary Catholics: Peter's Pence, a special collection usually taken on the last Sunday of June. From 2021-2023, individual Catholics in the U.S. gave an average $27 million (23.7 million euros) to Peter's Pence, more than half the global total. American generosity hasn't prevented overall Peter's Pence contributions from cratering. After hitting a high of $101 million (88.6 million euros) in 2006, contributions hovered around $75 million (66.8 million euros) during the 2010's then tanked to $47 million (41.2 million euros) during the first year of the COVID-19 pandemic, when many churches were closed. Donations remained low in the following years, amid revelations of the Vatican's bungled investment in a London property, a former Harrod's warehouse that it hoped to develop into luxury apartments. The scandal and ensuing trial confirmed that the vast majority of Peter's Pence contributions had funded the Holy See's budgetary shortfalls, not papal charity initiatives as many parishioners had been led to believe. Peter's Pence donations rose slightly in 2023 and Vatican officials expect more growth going forward, in part because there has traditionally been a bump immediately after papal elections. The Vatican bank and the city state's governorate, which controls the museums, also make annual contributions to the pope. As recently as a decade ago, the bank gave the pope around 55 million euros ($62.7 million) a year to help with the budget. But the amounts have dwindled; the bank gave nothing specifically to the pope in 2023, despite registering a net profit of 30 million euros ($34.2 million), according to its financial statements. The governorate's giving has likewise dropped off. Some Vatican officials ask how the Holy See can credibly ask donors to be more generous when its own institutions are holding back. Leo will need to attract donations from outside the U.S., no small task given the different culture of philanthropy, said the Rev. Robert Gahl, director of the Church Management Program at Catholic University of America's business school. He noted that in Europe there is much less of a tradition (and tax advantage) of individual philanthropy, with corporations and government entities doing most of the donating or allocating designated tax dollars. Even more important is leaving behind the 'mendicant mentality' of fundraising to address a particular problem, and instead encouraging Catholics to invest in the church as a project, he said. Speaking right after Leo's installation ceremony in St. Peter's Square, which drew around 200,000 people, Gahl asked: 'Don't you think there were a lot of people there that would have loved to contribute to that and to the pontificate?' In the U.S., donation baskets are passed around at every Sunday Mass. Not so at the Vatican. The Vatican has 4,249 properties in Italy and 1,200 more in London, Paris, Geneva and Lausanne, Switzerland. Only about one-fifth are rented at fair market value, according to the annual report from the APSA patrimony office, which manages them. Some 70% generate no income because they house Vatican or other church offices; the remaining 10% are rented at reduced rents to Vatican employees. In 2023, these properties only generated 35 million euros ($39.9 million) in profit. Financial analysts have long identified such undervalued real estate as a source of potential revenue. But Ward Fitzgerald, the president of the U.S.-based Papal Foundation, which finances papal charities, said the Vatican should also be willing to sell properties, especially those too expensive to maintain. Many bishops are wrestling with similar downsizing questions as the number of church-going Catholics in parts of the U.S. and Europe shrinks and once-full churches stand empty. Toward that end, the Vatican recently sold the property housing its embassy in Tokyo's high-end Sanbancho neighborhood, near the Imperial Palace, to a developer building a 13-story apartment complex, according to the Kensetsu News trade journal. Yet there has long been institutional reluctance to part with even money-losing properties. Witness the Vatican announcement in 2021 that the cash-strapped Fatebenefratelli Catholic hospital in Rome, run by a religious order, would not be sold. Pope Francis simultaneously created a Vatican fundraising foundation to keep it and other Catholic hospitals afloat. 'They have to come to grips with the fact that they own so much real estate that is not serving the mission of the church,' said Fitzgerald, who built a career in real estate private equity. ___ AP reporter Mari Yamaguchi in Tokyo contributed. ___ Associated Press religion coverage receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.

French Open: No. 1 Aryna Sabalenka faces No. 2 Coco Gauff in the women's final
French Open: No. 1 Aryna Sabalenka faces No. 2 Coco Gauff in the women's final

Fox Sports

timean hour ago

  • Fox Sports

French Open: No. 1 Aryna Sabalenka faces No. 2 Coco Gauff in the women's final

Associated Press PARIS (AP) — No.1 Aryna Sabalenka faces No. 2 Coco Gauff in the French Open final on Saturday with both women aiming to win the title for the first time. Gauff lost the 2022 French Open final at age 18 but the American beat Sabalenka in the 2023 U.S. Open final, Gauff's only major so far. The 27-year-old Sabalenka, who is from Belarus, has won three majors but is appearing in her first French Open final. It is the first No. 1 vs. No. 2 final in Paris since 2013, when Serena Williams defeated Maria Sharapova, and just the second in the last 30 years. Sabalenka and Gauff have split their 10 previous matchups evenly, but Sabalenka won their most recent encounter, also on a clay court at the Madrid Open a month ago. ___ AP tennis: in this topic

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store