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PSA Tour Prize Money hits the Ten Million mark

PSA Tour Prize Money Hits Over $10 Million for the First Time Following 2023-24 Season

The PSA has announced that a record total of $10,586,597 worth of player compensation was on offer throughout the 2023-24 PSA Tour season, representing an 18.3% increase on the season before.

Taking into account seasons unaffected by the COVID-19 pandemic, that is the biggest season-on-season increase since the PSA and the WSA merged in 2015.

It comes after the first full season following a major investment in the sport by Squash SM&E Holdings – the Sports, Media and Entertainment Group led by businessman Mark Walter – who acquired a stake in Squash Media & Marketing (SMM), a commercial entity created and managed by the PSA, in May 2023.

The 2023-24 season was the biggest ever in terms of sanctioned tournaments too, with 1,004 events being played across the PSA World Tour, PSA Challenger Tour and WSF & PSA Satellite Tour, representing a 22.0% increase on the season before.

Prize money on the women’s tour equalled $4,838,013 while men’s prize money totalled $5,748,584.

Average earnings for the men’s and women’s top 10 totalled $162,612 which is an increase of 7.2% compared to the previous season.

600 men’s events took place during the 2023-24 campaign, while 404 women’s events were sanctioned. 74 countries staged a PSA event, with Namibia hosting a tournament for the first time.

The PSA Tour enjoyed growth across all tiers. 59 PSA World Tour events were held throughout the campaign (a 15.7% increase) alongside 230 PSA Challenger Tour events (28.5% increase) and 715 WSF & PSA Satellite Tour events (20.6% increase).

“We have witnessed record highs in total player prize compensation and sanctioned tournaments over the previous campaign. These figures are forecast to rise considerably over the coming seasons, in line with our strategic framework, as we aim to increase earning potential and playing opportunities for our athletes.

“All of this comes against the backdrop of the historic news announced in October that squash will make its Olympic debut at LA28 in four years’ time. This is an exciting time for the sport, and we are committed to continuing this momentum and elevating the profile of squash on the global sporting stage.”

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SQUASH STATS

Advancing Squash Through Statistics

Prize Money & Ranking Points in PSA World Tour Tournaments

Professional squash is becoming more and more lucrative with the prize money available increasing year after year. Each season there are announcements of record-breaking prize money tournaments for both men’s and women’s squash. The 2018 – 2019 season saw the prize money of the women’s tour increase by 6.6% and the men’s tour increased by 12.2%. This is partially due to the new tour structure which was put in place with the aim of increasing the earning potential and playing opportunities across the entire PSA Tour. This blog post investigates how the prize money and ranking points are split between the tournament contestants (PSA World Tour tournaments only). Ranking points and percentage prize money breakdowns may vary from season to season, as the PSA restructures and refines its prize money and ranking points schemes. This blog however solely deals specifically with the 2018 – 2019 season.

Prize Money

We must first realize that not all tournaments have an equal amount of prize money. In fact the PSA World Tour is split into several tournament types which are defined by the on-site gross prize money offered. The following table gives the prize money ranges for the PSA World Tour tournaments in the 2018 – 2019 season where the values provided are for both genders. The ‘Player Draw’ column represents the number of players in the tournaments.

These numbers are graphically represented in the following chart where the tournament types are provided on the x-axis, and the prize money range is on the y-axis. The slightly lighter blocks on top of the Platinum, Gold, Silver, and Bronze tournaments indicate the ranges of the prize money variation. The difference in the prize money between all the different tournaments is clearly evident in this plot. It can be seen that, as expected, the prize money decreases as one goes from Platinum to Bronze. The World Championship has by far the largest prize money at $500k. The World Tour Finals prize money is between that of Platinum and Gold tournaments.

The above plot however does not take into account how the money is split nor the number of players in each tournament type. Although the World Championship has the largest prize money, we can see, from the above table, that it is split among the largest number of players (64 players). Also the Platinum tournaments have a larger number of players (48 players) than the Gold, Silver and Bronze tournaments (24 players each). In contrast, the World Tour Finals has a reasonably large prize money with a lower number of players (8 players). Therefore, a larger total prize money does not necessarily mean that participants get more money. The amount of money a player earns from a tournament depends on the number of players in each tournament and the percentages attributed to the final ranks of these tournaments. The percentage breakdown of the prize money for the tournament ranks is provided in the following table, where the different coloured tables represent tournaments with different numbers of players and thus different tournament types. Although the total prize money may vary depending on gender, the same prize money breakdown is applied identically for both male and female tournaments.

To get a better understanding of how the prize money is split among the ranks, the total prize money per rank range can be illustrated as a percentage of the total prize money. This is what is depicted in the pie charts below. In each segment, the text indicates the percentage prize money that is allocated for all players within the final rank range and the colour of the segment indicates the ranking rage which is provided in the central plot legend. For example, if we take the ’16 Draw’ pie chart as an example, 20% of the prize money is given to the rank #1, 14% of the prize money is given to rank #2, and for each of the players ranked between 3 – 4 each get 9% of the money, making a total of 18% for that rank range (in this case the segment represents 18% of the total prize money). The same logic can be applied to all other tournaments and pie chart segments.

The above pie charts represent the total prize money for a given ranking range, ranks 3 – 4 for example. It is also useful to see this data on an individually ranked player as is visually illustrated in a bar chart below. On the x-axis are the various types of tournaments categorized into their size and type, and on the y-axis is the prize money attributed to each of the final rank ranges as a percentage of the total prize money. Each ranking range is colour coded as is indicated on the legend to the right of the chart. As an example, if we look at the Platinum tournaments (i.e. 48 draw including 16 round 1 byes), the first blue bar is for final rank #1 and receives 16% of the total prize money. The third (green) bar is for players finishing either #3 or #4, meaning all players within this range each get 6% of the total prize money. From this chart one can see that for a given final rank (or even a given final rank range), the percentage of prize money given to the players within that range remains similar (within 4 percentage points) except for the World Tour Finals. This can be seen by comparing the same colours for each tournament type, which are of similar magnitudes. The discrepancy of the World Tour Finals is due to the fact that there are only 8 players in this tournament and thus the prize money is distributed over fewer players (and a smaller number of rank ranges), therefore the percentages for each range can be much higher.

From the above analysis we now have an understanding of the total prize money for each tournament type and the percentage breakdown of how this prize money is distributed among the players. By combining both of these independent studies, we can see how the actual prize money is split in each tournament in terms of actual real money rather than percentages. To do this we assume that the money of each tournament type is the maximum allowable value as is provided in the first table. This is illustrated in the plot below where one can immediately see the potential monetary benefit of winning the World Tour Finals and the World Championship which are much higher than the other tournaments. This graph can also be used to compare prize money for different final rankings in the various tournament types. For example, finishing with a rank of 4 in the World Championships (green bar) is approximately equivalent to winning a platinum tournament in terms of prize money. One can also see the decline of prize money as you go from Platinum to Gold, from Gold to Silver, and from Silver to Bronze tournaments. 

Tournament Ranking Points

The ranking points that players receive vary according to the tournament type in a manner that is similar to how the prize money varies. The ranking points gained for each tournament are accumulated and used to determine the overall PSA ranking of the players. (Note: the ranking points are divided by a ‘divisor’ which is determined by the number of tournaments played and will be discussed later in this blog post). The tables below summarize how the points are distributed among the ranking players for the various tournament types. As with the prize money, the higher the level/grade of the tournament (excluding the World Tour Finals), the higher the total number of ranking points provided for that tournament. The World Championship gives the largest number of points, in combination with the largest total prize money (as seen in the previous section). For a given final ranking range, the points awarded to the players decrease as one goes from Platinum to Bronze. The Gold, Silver, and Bronze tournaments all have the same number of players (24 players) and likewise the percentage of points for a given ranking range are the same for all three of these tournaments. The platinum tournaments have more players (48 players) and thus the percentage of points will be a little less than the Gold, Silver and Bronze tournaments for a given ranking range due to the fact that the points are distributed over a larger number of players. The World Tour Finals provides ranking points only for the top 4 players, however players get a match win bonus as well as an undefeated bonus when applicable. Compared to the other tournaments, the World Tour Finals give relatively few points available but from the above analysis it can be seen that there is a large financial return (larger than Platinum tournaments but smaller than the World Championship).

To visually represent the above table, the below bar chart illustrates how the relative points vary between the different tournament types. On the x-axis are all the tournament types where each colour represents a ranking range, as is indicated on the legend of the plot. On the y-axis are the ranking points. Thus this bar chart allows us to see how the ranking points vary within each tournament type, as well as compare the relative ranking points between the different tournaments. For example, the winner of a Bronze tournament receives fewer ranking points than the fourth place of a platinum tournament.

Average Ranking Points

In order to use the ranking points to rank the players, as is done on the first day of every month by the PSA, the average number of points is used. For any given month, the first step in calculating a players average points is to determine the divisor, D , which is read directly from the tables shown below for both male and female players. It is essentially determined by the number of tournaments played (excluding the World Tour Finals) in the previous 12 month period. For example, a male player who plays 14 tournaments (not including the World Tour Finals) in a 12 month period, will have a divisor of 11 as read from the male table below. 

The minimum divisor is currently set to 10 tournaments for men and 9 for women. This means that until a player has played this minimum number of tournaments over a 12 month period, the divisor will remain these minimum values respectively. This divisor term is then used in the following equation whereby the ranking points of the players top D tournaments are accumulated and divided by the divisor itself. The points gained in the World Tour Finals are effectively bonus points added to existing ranking points as is shown in the equation below.

Case Study – Karim Abdel Gawad

As a case study, let’s take a closer look at one of the top 10 players and discover how much prize money he earned as well and the number of points he achieved in the 2018 – 2019 PSA World Tour season. We will focus on Karim Abdel Gawad due to the fact that he has played in several different tournament types and finished in a large range of ranks. The table below gives a summary of his season showing the tournaments, locations, starting dates, tournament types, final ranks, tournament prize money, prize money earned by the player and points awarded to the player. During the 2018-2019 Season of the PSA World Tour, which is from September 2018 until June 2019 inclusive, Karim Abdel Gawad played a total of 14 tournaments (including the World Tour Finals) earning $175k, accumulating a total of 13,672 points.

To determine his average ranking points at the end of the season (which we will define as 01/July/2019) we first determine Gawad’s divisor as explained above. Karim Abdel Gawad did not play in any tournaments in July or August of 2018 which are included in the 12 month period of calculating the average points for July 2019. Given that he played in 13 tournaments (excluding the World Tour Finals) in the previous 12 month period, from the above table we can deduce that Gawad has a divisor of 10. We therefore sum up all the points Gawad earned from his top 10 tournaments (which are indicated by an asterisk in the table above) to get a total of 11,110 points. We then add the points awarded in the World Tour Finals (1,300 point – 1,000 for winning and 2 x 150 = 300 as a match-win bonus) resulting in a total points of 12,410. We then divide this number by the divisor itself (10 in this case) resulting in 1,241 average points which exactly matches the Gawad’s average points for July 2019 as can be seen here . Filling in the average points formula looks like the following

A pie chart can be effectively used to illustrate which tournament types Gawad earns the most points and prize money from. It also illustrates the discrepancy between the ranking points and prize money. For example, Karim Abdel Gawad earned a substantial $48k in the World Tour Finals which was 27% of his total prize earnings, but this tournament only provided 8% of the ranking points. Conversely, he won $81k from Platinum tournaments, which amounts to 47% of his earnings, and these tournaments constituted 63% of the total ranking points. Similar comparisons can be made for all the tournament types.

The below charts illustrate the number of points (upper) and prize money (lower) accumulated by Karim Abdel Gawad per month. Of course this purely depends on the type of tournaments per month, and final ranking positions in these tournaments but in general one can see a trend where ranking points is directly proportional to the prize money earned. The main deviation from the general trend is in June where a medium-low number of ranking points was received but a larger amount of prize money was earned. This is due to the fact that Gawad won the World Tour Finals this month which provides a large amount prize money (due to a low number of players) but a relatively low number of ranking points.

Conclusion & Outlook

This article provided a statistical analysis of how the prize money and ranking points are distributed among the players for the PSA World Tour tournaments. Graphic illustrations are used to depict and contrast both the distribution of points and prize money for the various tournament types. A brief description is also provided as to how the ranking points translates into a method of ranking the player by deriving the average ranking points for each player. The article concludes by focusing on Karim Abdel Gawad and describing the prize money and ranking points earned during the 2018-2019 PSA World Tour season. A future blog post will focus directly on the financial earnings of all the players and compare them to each other. Potentially, in combinations with the season tournament calendar the above analysis can be used to optimize a players season in terms of earning the most amount of money and gaining the number of points per tournament. For example, it may be more beneficial (in terms of prize money and ranking points) for a player ranked at number 15 to enter a Bronze tournament with a higher probability of finishing in the top 4, rather than enter a Platinum tournament and get knocked out within two rounds. 

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PSA World Squash Championships 2024

09 – 18 May, Cairo, Egypt

Record prize money on offer at Cairo 22 World Champs

The upcoming 2021-22  PSA  World Championships will become the richest professional squash tournament in history when the best squash players on the planet line up in Cairo, Egypt next month to battle for $1,100,000 in total player prize compensation, which is split equally amongst the male and female athletes.

Coll tops men’s draw

The tournament will be headed up by World No.1s Paul Coll and Nouran Gohar, while reigning World Champions Ali Farag and Nour El Sherbini are seeded at No.2 for the event.

Coll, the only male New Zealander ever to reach the summit of the  PSA  World Rankings, will begin his tournament against wildcard Sheif Shenawy, while Farag is set to face Mexico’s Leonel Cardenas in the opening round.

Farag, a two-time World Champion, is drawn on the same side of the draw as the likes of World No.4 Mostafa Asal and the dangerous Marwan ElShorbagy, while Coll could come up against 2017 World Champion Mohamed ElShorbagy in the semi finals if matches go to seeding.

The men’s draw also features two other former World Champions in Tarek Momen, the 2019-20 champion, and Karim Abdel Gawad, the 2016 champion. Momen takes on Malaysia’s Eain Yow Ng in round one, with Gawad set to face Dimitri Steinmann of Switzerland.

Gohar, a runner-up at the women’s 2020-21  PSA  World Championships in Chicago, will get her event under way against France’s Enora Villard and is seeded to face  USA ’s Amanda Sobhy and No.8 seed Rowan Elaraby en route to the title decider.

Nouran Gohar will top the women’s draw

World No.2 Nour El Sherbini, who has won the  PSA  World Championship title on five of the previous six occasions, will open up against Spain’s Cristina Gomez and is seeded to come up against Allam British Open champion Hania El Hammamy in what would be a blockbuster semi final battle.

The winners of the tournament will take home approximately $80,000 in prize money – the largest winner’s total ever at a  PSA  event – while they will also qualify for June’s  CIB   PSA  World Tour Finals, which brings together the reigning  PSA  World Champions, as well as the winners of all  PSA  World Tour Platinum events for a season-ending showpiece event, also held in Cairo.

Just two spots remain in the World Championship draw, with the winners of next month’s Bermuda Open qualifying for the biggest event on the  PSA  World Tour.

Action from the glass court at both the Club S Allegria and the National Museum of Egyptian Civilisation will be broadcast live on  SQUASHTV , while the semi finals and finals will be shown live via the channels of  PSA ’s  broadcast partners .

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2023-2024 CIB PSA World Championships

09 May - 18 May

CAIRO, EGYPT

$565,000 (M) / $565,000 (W)

TOURNAMENTS

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Nouran Gohar the top earner as PSA World Tour prize money hits record heights

By ALAN THATCHER (Squash Mad Editor) The PSA World Tour is hoping that the new season will result in an increase in the record prize money that was on offer throughout the 2021-22 campaign. The PSA team worked hard to rebuild the Tour after two challenging years caused by the Covid pandemic, and they were […]

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Englishman nick taylor appointed us squash head coach, british nationals squash 2024: georgina kennedy and joel makin take titles, british nationals squash 2024: top seeds set up finals showdown, british nationals squash 2024: emily whitlock proves too good for jasmine hutton, british nationals squash 2024: curtis malik advances in tough jonah bryant encounter, latest news.

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2024 FedEx St. Jude Championship final results: Prize money payout, PGA Tour leaderboard and how much each golfer won

T he 2024 FedEx St. Jude Championship final leaderboard is headed by winner Hideki Matsuyama , who earned his first-career PGA Tour playoff win at TPC Southwind in Memphis, Tenn.

Matusyama earned a huge win in the first leg of the playoffs with a two-shot victory on 17-under 263. The Olympic bronze medalist came to the last with a one-stroke lead and made a clutch birdie to secure the title.

Xander Schauffele and Viktor Hovland finished tied for second place on 15-under total. Hovland briefly held the lead late in the final round, but it proved temporary for the Norwegian.

Matusyama won the $3,600,000 winner's share of the $20,000,000 purse.

FedEx St. Jude Championship recap notes

Matusyama earned 70 Official World Golf Ranking points with the win in the 72-hole stroke-play championship, which helps his place in the world ranking.

Matusyama earned 2,000 FedEx Cup points as a PGA Tour member, with the PGA Tour points offered at the playoff level for this event.

A total of 70 (of 70) players finished the tournament after a 36-hole cut was not made in this event. The top 50 players in the FedEx Cup standings after this event move onto the second stage at the BMW Championship and earn starts in all Signature events in 2025 .

The 2024 PGA Tour schedule continues next week with the BMW Championship near Denver.

2024 FedEx St. Jude Championship final leaderboard, results Pavond prize money payouts

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The post 2024 FedEx St. Jude Championship final results: Prize money payout, PGA Tour leaderboard and how much each golfer won first appeared on Golf News Net .

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2024 D+D Real Czech Masters purse, winner’s share, DP World Tour prize money payout

The 2024 D+D Real Czech Masters purse is $2.5 million, with the winner's share at $425,000 -- the standard 17 percent payout according to the European Tour's prize money distribution chart .

The 2024 D+D Real Czech Masters field is headed by Andrew Johnston, Jesper Svensson and Ross Fisher, as well as more of the world's best players.

The D+D Real Czech Masters is the 32nd event of the year on the 2024 European Tour schedule .

The event is played at PGA National Oaks Prague, Prague, Czech Republic.

What else is on the line: Race to Dubai points, OWGR points, exemptions

Beyond money, there are important points, perks and benefits on the line for the field -- in particular, the tournament winner.

The winner gets approximately 14 Official World Golf Ranking points, with the points available based on field strength.

Winning comes with other big benefits, including a two-plus season exemption on the European Tour, as well berths into other key events.

There are a total of 3,000 Race to Dubai points on offer to the full field.

The points on offer are related to the purse of the tournament as quoted in United States dollars (USD).

The winner gets 500 DP World Tour points, with the player holding the most season-long Race to Dubai points at the end of the tournament winning the Race to Dubai and its first-place prize.

The top eight players in the Race to Dubai standings after the season will be paid from the Race to Dubai bonus pool of $6 million.

2024 D+D Real Czech Masters purse, winner's share, prize money payout

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