Davis Cup, Laver Cup getting new companion

ATP Cup: Team tournament confirmed for January 2020

"The Davis Cup has incredibly rich history".

The new event has been seen by some as a threat to the International Tennis Federation's (ITF) revamped Davis Cup, which returns in November 2019 with an 18-nation final in Madrid.

Tennis Australia and the Association of Tennis Professionals (ATP) have unveiled a new team competition called the ATP Cup which will start the men's tennis season from 2020. We know from our extensive discussions with the players that the ATP Cup will provide a great way for them to open their season - bringing together the world's best for a major team event that compliments existing scheduling, provides highly-coveted ATP ranking points and clearly links to the Australian Open. "There's a timing issue for the Davis Cup and that's an issue even without the ATP Cup", he said, adding there was time and place in the tennis calendar for two or three team events.

"I think in the next two years we'll have both events happening in a very similar format if not the same, six weeks apart". India is among the 24 teams that will play the Davis Cup qualifiers in February (1-2). Investment group Kosmos, headed by Spanish footballer Gerard Pique, is putting in $3 billion over 25 years, but unless the marquee players turn out it could be superseded by the ATP Cup. It will offer $15 million in prize money and up to 750 ATP Rankings points to the winners. The Davis Cup finals, which will debut in its new avatar in 12 months, offers a player fund of 20 Million USD.

"All of us players around the world are unified and united in this event", American player John Isner said.

The ATP Tour officially announced Thursday the formation of a new team competition, the ATP Cup, which will be added to an already crowded calendar.

"The issue is timing, being so close, I get that", Kermode said at a press conference at London's O2 Arena on Thursday, which is now holding the Nitto ATP Finals. It's not an ATP land grab or anything like that.

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The announcement came less than 24 hours after the world No. 1 Novak Djokovic said the current schedule had become saturated and that two team events in such a small space of time was "not sustainable".

"We'll make sure that in 2020 we run a great event and we'll do whatever we can in partnership with the tour and others to ensure that Davis Cup is also a magnificent global event", Tennis Australia CEO Craig Tiley said. "But it has to be regarded as a very successful, very serious competition that attracts a lot of attention", Djokovic said. "And now we have the ATP Cup that is definitely going to be right up there in terms of its value from the players' perspective".

"We have Davis Cup, obviously, that has been the most historical team event", said top-ranked Novak Djokovic, the president of the ATP Player Council.

The Laver Cup, an exhibition team event which began in 2017 and is held in September, is another commitment for the players.

The format of the ATP Cup will see nations split into six groups, with eight teams emerging from the round-robin stage to compete in the knockout phase until only one team is left standing.

There will be two to five players in each team, with ties to consist of two singles and a doubles rubber.

Qualification for the tournament will be based on the highest ATP ranking of the number one singles player from each country.

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