Federer Announces New Contract

Roger Federer announces his retirement from the ATP Tour and grand slams

Roger Federer has announced that he will retire from the ATP Tour and grand slams.

“Over the past four years, I have taken so much time away from the game and I have come to the conclusion that it’s best for my career,” Federer stated in a statement. “That was a difficult decision for me to make. I would like to thank my family for their support and I would like to thank my sponsors for their support. I’m very grateful for the love and the support of everyone in my life during this time.”

Federer announced his decision at the ATP Finals in London a day earlier. He will receive the first year’s salary of his new contract. He also will receive 10 percent of his gross tournament prize money, which will begin to accumulate after the first year’s contract has been signed. In addition, he will continue to receive net pay for his career tournaments.

“I have had a great four years so far and I know I have made this decision in the best interest of my personal and professional future and that of the sport,” Federer said.

Federer won seven of his 14 Grand Slam titles on hard courts, five on clay and four on grass. Overall, he also won 29 titles across the majors, five on hard courts and 24 on clay, with 13 of those coming in 2008, when he won at Wimbledon and Roland Garros in singles.

In addition to his tennis career, Federer is also a sports and entertainment lawyer and represented former WWE Superstar John Cena in his successful lawsuit against the company for unpaid money.

It’s a bad night at the office for the Swiss as he lost 6-4, 5-7, 7-6(4) to Rafael Nadal in a quarter-final at Wimbledon.

Federer got off to a sluggish start as he battled to break Nadal down in Game No. 3. Federer was broken in the first game of the match and looked to be in trouble. But, he dug deep to come back and win the break point in Game No. 3.

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