Wimbledon: Players Should Agree To Long-Term Annual Prize Money Increase –Nadal

Rafael Nadal has proposed a 10-year fixed agreement between players and Grand Slams to guarantee annual prize money increases.

Speaking to CNBC, Nadal argued against a direct revenue percentage, stating current payouts have increased significantly over the last 15 years, and that tournament organizers deserve compensation for their year-round investments.

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During the interview, Nadal acknowledged that while players believe they deserve more, they only work during the tournament period, whereas tournaments bear the operational and investment costs for the entire year.

To achieve stability, he advocates for a locked-in 10-year deal where Grand Slams commit to a fair, set percentage increase annually.

“If you see how much the players were getting 15 years ago, and the amount of prize money that they are getting today, you see that the average increasing is way over the average of any job in this world,” the former world No. 1 said during an interview with CNBC Meets.

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“I don’t think players should share the tournaments’ revenues,” he asserted firmly. “I think players should come to an agreement with the Grand Slams. Say, ‘I want my prize money to increase by 5%, 10%, 15%, or 3% each year.’

“Find a deal like that and stick with it. The Grand Slams commit to increasing prize money by an agreed percentage each year. That’s fair for the players and fair for the tournaments. Sign the deal for 10 years so we have 10 years of calm.”