US Open singles champions to earn record $3.7 million

WHITE PLAINS, N.Y. -- Total player compensation at the US Open will top $50 million for the first time this year, with a record $3.7 million going to each of the singles champions.

The U.S. Tennis Association announced Tuesday that the total purse for the tournament will be $50.4 million, a nearly 9 percent increase from last year. The 2016 winners of the final Grand Slam tournament of the season -- Stan Wawrinka and Angelique Kerber -- earned $3.5 million.

Runners-up will get $1.825 million, up from $1.75 million.

Both the men's and women's doubles champions will earn $675,000, the highest in US Open history. A player who loses in the first round of singles at Flushing Meadows will make $50,000, an increase of $6,700.

The US Open starts on Aug. 28.