$ 95,068,120 up for grabs this year [Archive] - MensTennisForums.com

$ 95,068,120 up for grabs this year

El Legenda
09-17-2007, 09:29 PM
that is the total prize money for the 2007 Season. Not counting US Open Series Bonus' or appearance fees, with those, my guess would be around 102,000,000 to 105,000,000, probably more, some of those appearance fee's are sick :lol:

with that said, tennis players are still under paid.

Byrd
09-17-2007, 09:32 PM
Federer rakes up about 10% of this, even more underpaid LoL

El Legenda
09-17-2007, 09:33 PM
Federer rakes up about 50% of this, even more underpaid LoL
more like 8 to 10 %. :D

Byrd
09-17-2007, 09:33 PM
more like 8 to 10 %. :D

Give me some time to edit LoL

El Legenda
09-17-2007, 09:37 PM
Give me some time to edit LoL

:p im fast, never lose a gun draw.

R.Federer
09-17-2007, 09:40 PM
more like 8 to 10 %. :D
more like 5 to 7%

(The Swiss government "earns" the rest)

Byrd
09-17-2007, 09:42 PM
:p im fast, never lose a gun draw.

Shame Ljuba Truba ain't the same :p

El Legenda
09-17-2007, 09:42 PM
more like 5 to 7%

(The Swiss government "earns" the rest)

not really, Fed is probably regiestered in MC, but they have to pay taxes in the country the make the money at, for example Fed is getting about 1.7 million from the 2.4 he made at the USO.

Byrd
09-17-2007, 09:43 PM
more like 5 to 7%

(The Swiss government "earns" the rest)

Swiss don't tax, or are you implying something else dodgy :devil:

El Legenda
09-17-2007, 09:44 PM
Shame Ljuba Truba ain't the same :p

something interesting about him, people always have threads where player would be without their best shot, well i think everyone has noticed that Ivan hasnt had his same serve all year and where is he at? #12 in entry #11 in race, 7pts back of #8.

Allure
09-17-2007, 09:44 PM
Federer is such a greedy bastard. :kiss:

Byrd
09-17-2007, 09:47 PM
something interesting about him, people always have threads where player would be without their best shot, well i think everyone has noticed that Ivan hasnt had his same serve all year and where is he at? #12 in entry #11 in race, 7pts back of #8.

I still don't understand how hes still 11 in the race after being a no show for most of the year :lol:

El Legenda
09-17-2007, 09:54 PM
I still don't understand how hes still 11 in the race after being a no show for most of the year :lol:

and only 7 pts behind TMC spot :lol: 4-20 this year is having a avgerage year, they'r all beating each other. losing to top 3 and losing more the other years to outside top 20.

R.Federer
09-17-2007, 10:05 PM
not really, Fed is probably regiestered in MC, but they have to pay taxes in the country the make the money at, for example Fed is getting about 1.7 million from the 2.4 he made at the USO.
Yes if he is registered elsewhere (not MC, but more likely Dubai) he could get around it. However he probably spends enough time in Switz and Swiss law requires a resident of the country pay taxes on all income earned. If he does that, then (I don't know US tax law but I would guess: ) US law exempts the money from being taxed in the US. If he has good accountants they probably figure out which one nets him the most.

Swiss don't tax, or are you implying something else dodgy :devil:
Oh yes they do :(
They have great breaks for the very high income earners, who are foreign. This explains why people like Becker and Mauresmo and I think Schumacher is the biggest example make Switzerland their residential place for tax purposes. These same laws are inapplicable for high earners who are Swiss

ezekiel
09-17-2007, 11:12 PM
I don't know why someone said they are underpaid, they get paid what they can get paid but the fact is that tennis is a 3rd rate sport in commercial and certainly media sense. That's the fault of people leading this sport who can't get enough of new younger fans

Jimnik
09-17-2007, 11:19 PM
Oh yes they do :(
They have great breaks for the very high income earners, who are foreign. This explains why people like Becker and Mauresmo and I think Schumacher is the biggest example make Switzerland their residential place for tax purposes. These same laws are inapplicable for high earners who are Swiss

I read an interesting article about this in F1 Racing magazine:

Swiss Salvo

Currently, seven F1 drivers, including Alonso, Raikkonnen, Massa and Heidfeld, live in Switzerland. Their combined income is around $140 million, or a not insignificant $70 million in tax in many European countries.

They moved there because the prohibited status of motor-sport in Switzerland meant that foreign drivers could legitimately declare themselves "unemployed", and so pay little or no tax. Along with other foreign ex-F1 Swiss residents, such as Schumacher and Villeneuve, they paid about a paltry $62,000 per year to their local region.

However, Switzerland's recent lifting of a national ban on motor-racing could now potentially cost them their low-tax status.

Indeed Schumacher was very lucky.

Burrow
09-17-2007, 11:22 PM
I don't know why someone said they are underpaid, they get paid what they can get paid but the fact is that tennis is a 3rd rate sport in commercial and certainly media sense. That's the fault of people leading this sport who can't get enough of new younger fans

Why do you have that as your signature????

ezekiel
09-17-2007, 11:27 PM
Why do you have that as your signature????

Because I can't get enough of STD and her posts so I must read them whenever I can :shrug:

El Legenda
09-17-2007, 11:56 PM
I don't know why someone said they are underpaid, they get paid what they can get paid but the fact is that tennis is a 3rd rate sport in commercial and certainly media sense. That's the fault of people leading this sport who can't get enough of new younger fans

here is why. US Open in 2007 gave out $ 19,653,000 according to their website
700,000 people attended, so take 700,000X$65 per person spend for tickets/everything else(which could be a low)= $45,500,000 thats not counting: TV Contracts, Sponsors that have ads on site. so the US Open probably takes in about $55,000,000 gives out 19,653,000. :D

ezekiel
09-18-2007, 12:21 AM
here is why. US Open in 2007 gave out $ 19,653,000 according to their website
700,000 people attended, so take 700,000X$65 per person spend for tickets/everything else(which could be a low)= $45,500,000 thats not counting: TV Contracts, Sponsors that have ads on site. so the US Open probably takes in about $55,000,000 gives out 19,653,000. :D

that's extremelly simplistic take that doesn't take into account any costs or the fact that this stadium is only used for 2 weeks a year at full capacity. Then consider how much they pay for all the personnel, security, insurance and the rest of it. Mind you they do make hefty profit but they keep it for the organizers and they only pay players enough to make it worth for them

El Legenda
09-18-2007, 12:47 AM
that's extremelly simplistic take that doesn't take into account any costs or the fact that this stadium is only used for 2 weeks a year at full capacity. Then consider how much they pay for all the personnel, security, insurance and the rest of it. Mind you they do make hefty profit but they keep it for the organizers and they only pay players enough to make it worth for them

in the US cities beg sporting events to built stadium and most of time pay for a lot of it,
other then those 2 weeks, the USTA center does not sit there without use, its used, private club? concerts? they use it. and is the ATP or USTA for-profit organizations?

El Legenda
09-18-2007, 12:47 AM
that's extremelly simplistic take that doesn't take into account any costs or the fact that this stadium is only used for 2 weeks a year at full capacity. Then consider how much they pay for all the personnel, security, insurance and the rest of it. Mind you they do make hefty profit but they keep it for the organizers and they only pay players enough to make it worth for them

in the US cities beg sporting events to built stadium and most of time pay for a lot of it,
other then those 2 weeks, the USTA center does not sit there without use, its used, private club? concerts? they use it. and is the ATP or USTA for-profit organizations?

El Legenda
09-18-2007, 12:47 AM
that's extremelly simplistic take that doesn't take into account any costs or the fact that this stadium is only used for 2 weeks a year at full capacity. Then consider how much they pay for all the personnel, security, insurance and the rest of it. Mind you they do make hefty profit but they keep it for the organizers and they only pay players enough to make it worth for them

in the US cities beg sporting events to built stadium and most of time pay for a lot of it,
other then those 2 weeks, the USTA center does not sit there without use, its used, private club? concerts? they use it. and is the ATP or USTA for-profit organizations?

Jimnik
09-18-2007, 12:54 AM
Well I read that tournaments spend around 20% of their budget on prize money. The rest is spent on staff, maintenance, promotion, hospitality and overheads. And off course probably a little extra is left for the profit and loss account.

So the US Open probably made around $100 million this year.

El Legenda
09-18-2007, 01:10 AM
hospitality .

for players they only give out just over a million total at the US Open, they dont pay for hotel rooms, there no offical hotel, there is bunch of hotels they reserve the rooms but players find their own hotels

Total Championship Events $ 18,196,000

Total for Champions Invitational/Wheelchair Events $ 435,000

Player per diem $ 1,022,000

TOTAL PLAYER COMPENSATION $ 19,653,000

FedFan_2007
09-18-2007, 01:30 AM
By contrast at least $250 million at stake on the PGA Tour. Probably another $100 million on the European PGA Tour.

FedFan_2007
09-18-2007, 01:31 AM
Of course all this pales in comparison to $7 billion/year revenue for the NFL.

El Legenda
09-18-2007, 02:00 AM
Of course all this pales in comparison to $7 billion/year revenue for the NFL.

NCAA(college) Football/basketball makes a lot of money and they dont pay players :eek: top schools are making 100million a year.