MIAMI – For the first time in the history of the Miami Open presented by Itaú, an event that sets the standard for glamour in international tennis, both the men’s and women’s champion will each earn prize money in excess of $1 million.
In addition to walking home with the Butch Buchholz Championship Trophy, this year’s singles champions will receive precisely $1,028,300. This is an increase of more than $100,000 from last year’s sum that saw the champions walk home with slightly more than $900,000.
With a total financial commitment exceeding $13 million, an increase of more than $1 million from a year ago, this year’s financial breakdown includes increases for all finishers. Notably, semifinalists and finalists will top $250,000 and $500,000, respectively, in winnings.
Novak Djokovic and Serena Williams won the singles titles in 2015. Both are currently ranked No. 1 in the world and are returning in 2016 to defend their crowns. They will have stiff competition for the coveted seven-figure prize, as the 76 top ranked men and 72 of the 73 top ranked women in the world have entered this year’s draw including Andy Murray, Rafael Nadal, Maria Sharapova and Venus Williams.
The action will begin on March 21 at the Crandon Tennis Center in Miami. The two-week event will culminate with a pair of million-dollar prizes handed out, as the women’s singles champion will be crowned on April 2 and the men’s on April 3.
With ticket packages starting at $136 and individual sessions starting at just $31, the Miami Open will be the place-to-be in Miami. Tickets are on sale now, for more information go to www.miamiopen.com or call the Miami Open ticket office at 305-442-3367.
The complete prize money breakdown is below:
Total Financial Commitment: $13,881,737
Men’s/Women’s Singles Champion: $1,208,300
Men’s/Women’s Singles Finalist: $501,815
Men’s/Women’s Singles Semifinalist: $251,500
Men’s/Women’s Singles Quarterfinalist: $128,215
Men’s/Women’s Singles Round of 16: $67,590
Men’s/Women’s Singles 3rd Round: $36,170
Men’s/Women’s Singles 2nd Round: $19,530
Men’s/Women’s Singles 1st Round: $11,970
Men’s/Women’s Doubles Champion: $336,920
Men’s/Women’s Doubles Finalist: $164,420
Men’s/Women’s Doubles Semifinalist: $82,410
Men’s/Women’s Doubles Quarterfinalist: $42,000
Men’s/Women’s Doubles Round of 16: $22,140
Men’s/Women’s Doubles 1st Round: $11,860
About the Miami Open presented by Itaú
The 2016 Miami Open will be played March 21-April 3 at the Crandon Tennis Center in Miami. The two-week combined event is owned and operated by IMG. The Miami Open is one of nine ATP Masters 1000 Series events on the ATP calendar, a Premier Mandatory event on the WTA calendar, and features the top men's and women's tennis players in the world. The tournament is widely regarded as the most glamorous on the ATP and WTA calendars because of its exotic Miami location, thriving nightlife, five-star hotels and restaurants, beautiful weather and beaches, and its celebrity appeal. For ticket information, call +1.305.442.3367 or visit www.miamiopen.com.
Itaú is the largest Latin America privately owned bank, with approximately 95,000 employees and operations in 20 countries throughout the Americas, Asia and Europe. Itaú’s relationship with sport goes back to the 1970s, when Itaú first sponsored the Itaú Tennis Cup in Brazil in 1970. Itaú has been a sponsor of the Miami Open for the last six years, and also sponsors the Rio Open, the only combined ATP/WTA event in South America. Itaú also supports the Brazilian Women’s Tennis Circuit, only female professional tournament in South America, certified by the Brazilian Tennis Confederation (CBT) and the International Tennis Federation (ITF), as well as the Tennis Institute Training Center, responsible for the development of young, new talent.
IMG is a global leader in sports, events, media and fashion, operating in more than 25 countries. The company represents and manages some of the world’s greatest sports figures and fashion icons; stages thousands of live events and branded entertainment experiences annually; and is the world’s largest independent producer and distributor of sports media. IMG also specializes in sports training; league development; and marketing, media and licensing for brands, sports organizations and collegiate institutions. In 2014, IMG was acquired by WME, the world’s leading entertainment agency, to form WME | IMG.