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March 04, 2009

Multi-Millionaire Tennis Players Chase the Money

Venus Williams

 

A week ago, Venus Williams flew from winning the major hard court tournament in Dubai to Acapulco, Mexico, to play in a $220,000 Tier III tournament on clay.  After winning the title in Acapulco, Venus flew to New York City to compete in the one night $1.2 million purse Billie Jean King Cup.  Tennis pros have a relatively short career in which to earn the big bucks, i.e. usually ten to fifteen years maximum.  One assumes that Venus received a

hefty six figure guarantee to compete in Acapulco.  However, Venus has already earned over $22 million in on-court prize money and many millions more in off-court endorsements.  Therefore, given the frequent complaints by top players about the exhausting tournament calendar, it is a little surprising to see Venus make these choices.  Other players have also made some surprising scheduling choices such as Rafael Nadal playing in Germany a week after Wimbledon as he did in the past while Roger Federer took a three week "vacation."  In the end, one hopes these top players don't exhaust themselves too often by taking the quick money at smaller events.  As a result, they could be compromising their chances for more Grand Slam titles which offer prestige, significant prize money, as well as off-court endorsement money.

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