The MTA Speaks| Prayer times| Weather Update| Gold Price
Follow Us: Facebook Instagram YouTube twitter

Rising Tennis Star Michael Zheng Confronts Prize Money Dilemma After Australian Open Triumph

Rising Tennis Star Michael Zheng Confronts Prize Money Dilemma After Australian Open Triumph

Post by : Meena Hassan

Emerging American tennis sensation Michael Zheng is captivating audiences at the Australian Open, but now finds himself in a tricky predicament regarding his prize money. The 21-year-old college athlete impressed by toppling former quarter-finalist Sebastian Korda in a dramatic five-set match during the first round.

Zheng's stunning display at Melbourne Park has already secured him a minimum of A$225,000 (approximately US$150,000), which could increase to A$327,750 if he triumphs in his upcoming match against 32nd seed Corentin Moutet.

However, despite his remarkable earnings, Zheng may be obligated to forfeit a significant portion of the prize money due to stringent US college tennis regulations. These guidelines restrict the amount college athletes can retain to US$10,000 annually to uphold their amateur status.

Currently in his senior year studying psychology at Columbia University, Zheng expressed, “I have one more semester to complete, which I fully intend to finish. After the tournament, I’ll head back to my studies.”

He also revealed intentions to consult his coach regarding the prize money predicament. “I’ve heard that since this is my senior spring, there might be an opportunity to keep some of it, but I want to confirm before accepting anything. I want to avoid potential issues.”

This scenario underscores the challenging balancing act that numerous promising college athletes juggle when competing at elite levels prior to turning professional. For the time being, Zheng is concentrating on his matches while striving to align his educational commitments.

Jan. 19, 2026 3:57 p.m. 1977
Global News World News Sports news

More Trending News

Featured Stories

Oil Prices Rise on Middle East Supply Concerns
Oct. 8, 2026 4:26 p.m.
Oil prices rose as Middle East supply concerns continued, while falling US crude inventories supported prices
Read More
Nepal Suspends Search for Flood Missing
Oct. 8, 2026 4:21 p.m.
Nepal suspends flood searches after 1,455 bodies were recovered, with 5,285 people still reported missing
Read More
Gold Prices Recover From Two-Month Low
Oct. 8, 2026 4:10 p.m.
Gold prices recovered from a two-month low as investors assessed Federal Reserve rate policy and market conditions
Read More
Dollar Holds Near 18-Month High as Fed Signals Caution
Oct. 8, 2026 3:22 p.m.
The dollar stayed near an 18-month high as markets assessed Federal Reserve policy and inflation concerns
Read More
South Korea Records Second-Highest Current Account Surplus
Oct. 8, 2026 11:41 a.m.
South Korea posted a record-level current account surplus in August, supported by strong exports and semiconductor demand
Read More
European Stocks Fall as Oil Prices and Yields Rise
Oct. 7, 2026 5:04 p.m.
European stocks slipped as rising oil prices and bond yields put pressure on investor sentiment and major market sectors
Read More
Two Missiles Target Aden International Airport
Oct. 7, 2026 4:23 p.m.
Two missiles targeted Aden International Airport in Yemen, with no casualties reported as fighting intensifies between Houthi and government forces
Read More
17 Killed in Zamfara Mining Site and Village Attack
Oct. 7, 2026 3:15 p.m.
Seventeen people were killed after armed gangs attacked a mining site and village in Zamfara State, northwest Nigeria
Read More
Iran Offers Seven-Day Plan to Reopen Strait of Hormuz
Sept. 26, 2026 4:27 p.m.
Iran says Hormuz can reopen within 7 days if the US accepts its proposed plan for ending hostilities and restoring shipping
Read More
Sponsored