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French Open prize money up by over 10 percent

This picture taken on November 18, 2013 in Paris shows the Musketeers Cup men's singles trophy (L) and the Suzanne Lenglen cup ladies' singles trophy, and an official ball that will be played during the 2014 French Open

Prize money for this year's French Open will top 25 million euros ($34.5 million), more than 10 percent up on 2013, the French Tennis Federation announced on Tuesday. The men's and women's singles champions will each receive 1.65 million euros, a 10 percent increase on last year's top prize. But the main increases are for the early losers, as those who fail to progress beyond the second, third and fourth rounds will receive prize money worth between 20 and 25 percent more than in 2013. As last year, an extra three million euros is up for grabs compared to the year before. "This considerable increase in the prize money for Roland-Garros is in line with the four-year plan drawn up for the period 2013 to 2016," tournament director Gilbert Ysern explained. "It is especially aimed at those players who are knocked out in the first week." The increase brings the French Open into line with the other Grand Slam tournaments, with this year's Australian Open offering prize money of 33 million Australian dollars ($30.98 million, 22.4 million euros). In 2013, Wimbledon prize money rose to £22.56 ($37.7 million, 27.34 million euros) and the total US Open kitty was worth $33.6 million (24.28 million euros).