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Australian Open organizers have increased prize money to a record 30 million Aussie dollars ($31.1 million US) for the first tennis major of 2013 in response to player concerns about compensation at Grand Slam tournaments.
Tournament director Craig Tiley said the 4 million dollar increase, announced today, was the largest from one year to the next in the tournament's history.
The move followed reports that some players were considering bypassing the tournament if prize money was not increased, particularly for losers in the early rounds.
Tennis Australia chief executive Steve Wood said the prize money boost would make the January tournament the richest in tennis history.
