I wrote awhile back about a tennis pro who shed light on the financial difficulties players who aren’t ranked in the top 100 face.
Now here’s another story that reinforces the argument and even casts the problem in a harsher light.
Even saving money for a rainy day or for when serious injury strikes can be tough.
“In order to put money on the side, you have to be in the top 50, stay there for a while and pay attention to your finances,” said former professional player Arnaud Di Pasquale.
But some tournament officials insist that the top players do not help their fellow players with sky-rocketing demands for appearance money.
“They take at least 40% of the prize money and appearance money and when I say 40% I am being kind,” one tournament director told AFP.
The story goes on to reveal that at least one female player ranked in the 130s had to take loans last year to continue financing her expenses. And that the ATP now allows the top players to charge appearance fees, which presumably reduce the tournaments’ ability to increase pay for all competitors.
I suppose the moral of the story is: tennis is a great sport to get your kid into if you want them to have fun, and it might one day lead to a college scholarship – but as far as lifetime earnings go you’re better off teaching your child to purchase lotto tickets than how to hit a kick serve.