History is on the line for Novak Djokovic at Wimbledon this afternoon as he bids to win a record-extending 24th Grand Slam. Djokovic can become the second man ever, after Roger Federer, to win the Championships for the eighth time at the All England Club and can do so for the fifth successive tournament. In his way is the young Carlos Alcaraz who is gunning to replace the Serb as the top dog on the ATP Tour.

The pair are competing not just for Wimbledon’s iconic golden trophy but for a huge cash payout too. The winner of the men’s final will receive £2.35million – which is the joint-highest amount of any victor ever. Djokovic picked up the same prize in 2019 when he defeated Federer in a five-set epic in which the Swiss squandered two championship points.

In 2021, the first year Wimbledon returned after Covid, the winner’s prize dropped to £1.7m while 12 months ago it was £2m. The prize has risen 17 per cent this year. Djokovic is the all-time prize money leader on £129.6m and will become the first tennis player ever to surpass £130m win or lose.

That’s because the runner-up from today’s contest will still net a healthy £1.175m. The losing semi-finalists Daniil Medvedev and Jannik Sinner went home £600,000 richer. That figure was actually higher than the winner of the tournament earned until 2004, while the champion has won at least £1m or more since 2010.

US Open champion Alcaraz picked up a huge £1.986m ($2.6m) for winning at Flushing Meadows last year and another Slam triumph in England’s capital would represent a career-high payday.

Men’s prize money breakdown

Winner: £2.35million
Runner-up: £1.175million
Semi-finalists: £600,000
Quarter-finalists: £340,000
Fourth round: £207,000
Third round: £131,000
Second round: £85,000
First round: £55,000

Alcaraz has only made £183,000 less than Djokovic in 2023 but his overall career earnings pale in comparison. The Spaniard only turned 20 in May and so has done exceptionally well already to pocket £12.7m. That places him No 39 on the all-time list but he will only rise and rise in the coming years.

He will be on the cusp of entering the top 30 if he beats Djokovic on Centre Court. This is actually only the third head-to-head between the pair with both of them on one win apiece.

They met in the French Open semi-finals last month when 23-time Grand Slam champion Djokovic won in four sets, with Alcaraz winning just two games in the final two as he struggled with calf cramp. They also met at the Madrid Masters last year when the Spaniard edged two tiebreaks for victory. Djokovic is the overwhelming favourite however due to his rich history at Wimbledon.