US Open tennis prize money to reach $50M by 2017

Updated: March 20, 2013, 4:04 PM ET
Associated Press

After a year of closed-door meetings with tennis players seeking a greater say in the sport and a larger slice of Grand Slam revenues, the U.S. Open is making big changes.

New York's Grand Slam tournament will increase its annual prize money to $50 million by 2017 -- roughly double what it was last year -- and permanently schedule the men's semifinals on Friday and men's final on Sunday starting in 2015.

As part of an unprecedented five-year agreement with the men's and women's professional ...

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