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10/6/10 6:23 PM | Johan Lindahl
The Australian Open had joined the Grand Slam prize money frenzy by raising it's total payout in the style of its three big-spending world rivals.
The first major of 2011 is set to offer a comfortable 3.8 percent pay raise for players.
The increase sends the total payday to a record $A25 million ($24.2 million) and proves that the sport need barely take notice of world economic conditions. On offer for spectators will be the chance to see Rafael Nadal bid for his fourth consecutive Grand Slam title after winning the last three of this season and assuring himself the year-end No. 1 position.
"It is a mouth-watering proposition, and he certainly will be one of the favorites," said tournament director Craig Tiley. "But I think Rafa himself would be the first to point out that at the moment it's all just speculation and there are a lot of tough opponents, including the reigning champion Roger Federer, standing between him and that place in history."
In addition to breaking the bank on prize money, Melbourne organizers will also hold a Legends event featuring former No. 1 Pat Rafter, Mats Wilander, Yevgeny Kafelnikov, and Thomas Muster while Owen Davidson will be inducted into Australian Tennis Hall of Fame.
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