Hopman Cup Paying Player Fines, Offering $1Million in Appearance Fees
See guys. This was all academic (paying of the player fees). I had read about this weeks ago. But here's another/the latest article and report on it.
But what about those $1 million in player appearance fees and guarantees?
Now you know why they go there (besides 3-4 guaranteed matches). The article didn't state if it was per player or not. But who cares! Even 3 hundred thousand dollars (plus you're already in Australia) is probably more than the first place prize of the upgraded Brisbane. And they pay the player fines to? Expensive tournament!
ITF to Pay Hopman Cup Player Fines – Caroline Wozniaki, Li Na, Petra Kvitova
The Hopman Cup and the ITF have agreed to pay WTA player fines somewhere in the range of $375,000 for its participants in the 2012 tournament.
With the upgrading of the WTA Brisbane tournament to a Premier level, exemptions are no longer granted to players to participate in exhibitions during the same week, which for all intents and purposes eliminated the Hong Kong exhibition, and forced the Hopman Cup – which is owned in part by the ITF – to decide whether or not it wanted to shell out both substantial guarantees and cover the player fines (which the players were not willing to do).
Apparently the tournament is in healthy enough shape to put up what is believed to be at least $1 million in appearance fees and guarantees.
The ITF confirmed to Daily Tennis that “There is an agreement in place between the ITF and WTA with regard to player participation in the Hopman Cup, which is in full compliance with the WTA Rules in relation to non-Tour events.”
The fines are tiered based on ranking. The tournament will have to pay $100,000 a piece for No. 1 Caroline Wozniacki and No. 2 Petra Kvitova, $75,000 for No. 5 Li Na, and various fines for Marion Bartoli, Bethanie Mattek-Sands, Anabel Medina and Tsvetana Pironkova.
Re: Hopman Cup Paying Player Fines, Offering $1Million in Appearance Fees
I would like to add guys, that the article stated "Apparently the tournament is in healthy enough shape to put up what is believed to be at least $1 million in appearance fees and guarantees." It says AT LEAST. So it could be more than a million dollars actually. But either way, remember the appearance fees are probably not all the same; just like the penalty fees aren't. I'm sure they're different amounts depending on player ranking.