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ATP to hike World Tour prize money

Updated: November 8, 2013, 8:46 AM ET
Associated Press

LONDON -- The ATP says prize money across its second-level World Tour 500 tennis tournaments will go up by an average of 10 percent in each of the next five years.

The increase will take overall prize money from $17.6 million in 2013 to $30.8 million in 2018.

Tour 500 events are the second tier of tournaments on the men's tour, behind the Masters 1000 series.

Two grass-court Wimbledon warm-up events will be upgraded to Tour 500 status in 2015 -- the Queen's Club tournament ...

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