Week 50 - UTS season finale - ExCeL, London

the addict · Tennis legend

RE: Week 50 - UTS season finale - ExCeL, London

Madadman · Masters Series Champion

Didnt know this was on TNT sports till late but caught the 4th quarter. Seemed quite fun and exciting format. Jack seemed in great form. Just looking up think he might have just earnt 500k dollars!

Stircrazy · Tennis legend

And Jack's the by three sets to one:

12-14 15-12 13-10 19-7 biggrin

Tanaqui · Club Coach

Congratulations to Jack. Great to see him doing so well against top-ranked players.

JonH comes home · Tennis legend

Jack won $546,800 for winning the UTS event this weekend . Nice !

Jajon · Club Coach

Jack Draper 2023 prize money payouts:

ATP, January to November - $737,907

UTS, December 15-17 - $546,800

Merry Christmas to him!

Nix · Futures level

Do you think he'll pay Jubby's rent this month? smile

Madadman · Masters Series Champion

Its a pretty crazy sum for 2-3 days worth of work! Outside of the Slams and Masters events youd struggle to earn that sum apart from maybe the odd 500 like Dubai. Youd have to probably make the semi final of the Slams so thats 16 payouts that would be this big and I guess the final of the masters at least so thats another 20 or so. So the tour probably as 40 or so payouts this big to put it into context.

Coup Droit · Tennis legend

Nix wrote:
Do you think he'll pay Jubby's rent this month?

biggrin

Stircrazy · Tennis legend

Stircrazy wrote:
And Jack's the by three sets to one:
12-14 15-12 13-10 19-7

Jack's just been interviewed by Rags Martel on the ITV London News, which described him as "the Half-Million Dollar Man". He's not going to spend the money, he's going to save it. smile His mum was also interviewed briefly & his grandma was credited with having first got him interested in tennis. Her dementia was also mentioned.

Bob in Spain · Tennis legend

Madadman wrote:
Its a pretty crazy sum for 2-3 days worth of work! Outside of the Slams and Masters events youd struggle to earn that sum apart from maybe the odd 500 like Dubai. Youd have to probably make the semi final of the Slams so thats 16 payouts that would be this big and I guess the final of the masters at least so thats another 20 or so. So the tour probably as 40 or so payouts this big to put it into context.

It's a bit like when Kyle won 250,000 pounds for one night's work at a tie break tens tournament in the Royal Albert Hall.

JonH comes home · Tennis legend

This in the context of Jacks career gives him financial freedom, he will win loads more of course but its a great sum to have in the bank and set him up to not worry about money or his team for a good while.

Madadman · Masters Series Champion

JonH comes home wrote:

This in the context of Jacks career gives him financial freedom, he will win loads more of course but its a great sum to have in the bank and set him up to not worry about money or his team for a good while.

Indeed, also the new guaranteed income rules start in 2024. I assume the different levels are based on year end 2023 ranking but those in the top 100 are guaranteed 300k. Makes it a bit easier to employ a coach etc goes down as far as top 250 with 176 to 250 guaranteed 75k.

Coup Droit · Tennis legend

JonH comes home wrote:
This in the context of Jacks career gives him financial freedom, he will win loads more of course but its a great sum to have in the bank and set him up to not worry about money or his team for a good while.

Absolutely !

We should all remember though that this is a gross number - he's got his tax/NI to pay and everything

I know he'll have all his expenses to offset but there's still a good chance he's paying 45% tax on this, plus NI, so he's 'only' taking home £260,435 (according to the first earnings calculator that comes up)

JonH comes home · Tennis legend

Coup Droit wrote:
JonH comes home wrote:
This in the context of Jacks career gives him financial freedom, he will win loads more of course but its a great sum to have in the bank and set him up to not worry about money or his team for a good while.
Absolutely !
We should all remember though that this is a gross number - he's got his tax/NI to pay and everything
I know he'll have all his expenses to offset but there's still a good chance he's paying 45% tax on this, plus NI, so he's 'only' taking home £260,435 (according to the first earnings calculator that comes up)

Id take that!

true; but its there as a lump sum Im guessing - actually do tennis events pay as a single lump sum and straight away, presumably the powers that be have strict rules, the payments arent spread out like a salary? And Jack will this year do v well with tournament earnings - more than last year if he stays fit; Cam earned $2.1m last season I think and had a relatively poor year! And Jack will be getting endorsements starting to roll much

more now!