Organizers of the Australian Open have revealed early round losers will receive extra prize money

Last Updated: 20/12/12 7:57am

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Novak Djokovic celebrates Australian Open victory in the 2012 Men's Final

Novak Djokovic celebrates Australian Open victory in the 2012 Men's Final

Sky Bet

Organizers of the Australian Open have revealed early round losers at January's tournament will receive a significant pay rise.

Organizers of the Australian Open have revealed early round losers at January's tournament will receive a significant pay rise as part of what will be the biggest purse in tennis history.

Responding to player demands for a bigger slice of prize money, Tennis Australia has moved to avert a potential boycott of the opening Grand Slam of the year.

The 2013 singles champions at Melbourne Park will each collect $2.43m, while players exiting the opening three rounds will also receive considerable prize money increases.

First-round losers will receive $27,600, second-round losers will get $45,500 and third-round losers will receive $71,000.

"Our motivation is to make a major contribution toward helping ensure professional tennis players can make a decent living," tournament director Craig Tiley said.

"It is a real issue and needs to be urgently addressed throughout the sport."

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