ATP releases ‘Player Pension’ program details as efforts continue to support players

The ATP has gone out of its way to extend the Player Pension program in the upcoming year.

ATP releases ‘Player Pension’ program details as efforts continue to support players

Andrea Gaudenzi (image via: SportsBusiness)

The Association of Tennis Professionals (ATP) has recently launched exclusive details of a particular ‘Player Pension’ program as it continues to work towards the well-being and financial safety of its players.

The official social media handle of the ATP took to Instagram to announce that their special ‘Player Pension’ program is underway to financially support more players in the upcoming year than it used to. 

The Player Pension is our way of financially supporting players post-career. And under #OneVision, it’s going from strength to strength.
The ATP said
YouTube video

Recently, the ATP has started taking a few steps in favor of the well-being of its players. The PTPA, which was started by significant players like World No. 1, Novak Djokovic, has also been established to improve the plight of the players by helping them financially as well. 

For the uninitiated, the ATP retirement plan is a plan that provides for eligible players for 20 years, beginning at the age of 50. The number of players gaining from this plan will increase from 165 in 2023 to 300 in the next year, with the amount jumping from $18 million to $25 million.

Many prominent players have supported this initiative by the ATP. Russian tennis player Andrey Rublev has also come out in gratitude for this plan, which helps those players who do not always make it big in the world of tennis. 

 The plan continues to grow each year and it will offer great support to players in retirement, especially those who may not get to play in the big finals and earn the big pay days many times. But these players are a big part of the Tour and deserve to be taken care of when their careers are over.
Adding further, the Russian stated

The ATP sets a new series of objectives with its one-vision plan

The ATP has decided to work on the further development of the sport in the future. They have come up with quite a lot of changes, including increasing the extension of more Masters’s 1000 events, which has had many negative consequences as well.

The ATP’s decision to host a major event in Saudi Arabia has earned it a bad name among current players.

ATP
ATP ( Credits: Hotelandtennis.com)

The main objectives of the ATP’s one vision plan are to make tennis more successful and aware around the globe by expanding its market to other regions as well, to get more revenue and investment in the digital era, and to convert the passive audience into a more active and involved one.

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