French Open prize money up more than $3 million to $29.5 million

Prize money at the French Open will rise to $29.5 million this year, an increase of $3.21 million from last year.

The men's and women's champions will receive $1.9 million each, $160,000 more than 2014, and losing finalists will receive $963,000, a raise of $80,000.

Tournament director and French Tennis Federation general director Gilbert Ysern says ''this notable increase in Roland Garros prize money is part of the four-year plan that was put in place for 2013 until 2016.''

There are also notable increases for players losing during the first week of the tournament.

The French Open begins on May 24.