## IX. PRIZE MONEY 

## A. DISTRIBUTION 

## 1. Equal Opportunity 

Payment of the same prize money must be available to all competitors without discrimination. 

## 2. Timing and Process 

a. Tournament Obligations 

i. Prize Money Spreadsheet 

The WTA must receive a completed prize money spreadsheet, electronically, no later than 9:00 a.m. Eastern Time (New York, USA Time) on the Monday following the conclusion of the Tournament. 

ii. Wire Transfer of Payment 

Tournaments are required to wire net prize money to the bank trust account designated by the WTA to ensure receipt by the Wednesday (Thursday for tournaments with Main Draws of 96 or greater) following their respective Tournaments, and to provide a prize money breakdown from the Tournament to the WTA. 

Prize money payments not made by the due dates specified herein are subject to a late charge due to the WTA of 2% per month, pro- rated for partial months. Tournaments that pay five (5) or more business days late will be required to pre-pay the following year’s prize money (minus estimated taxes to be withheld) at least twenty- one (21) days prior to the start of the Tournament. 

iii. Taxes 

The Tournament shall be responsible for withholding and payment of any taxes consistent with all laws concerning withholding taxes. 

(a) Income Tax on Players 

Each Tournament is required to give at least ninety (90) days’ notice to the WTA of the percentage of the applicable player income tax deduction. No other tax deduction(s) by the Tournaments will be permitted from the prize money paid to a player. 

