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Nadal marked his singles comeback after hip surgery with a victory over Austrian former world No. 3 Dominic Thiem in the Brisbane International first round..
The total prize money is A$86.5 million ($58.91 million), an increase of 13.5 per cent from 2023.
Nadal had previously said he expected to bring the curtains down on his glittering but injury-plagued career in 2024.
In September, the 32-year-old former Wimbledon and French Open champion was banned by the International Tennis Integrity Agency for four years for two separate anti-doping rule violations.
Rajeev Ram and Joe Salisbury took the men's doubles award while Storm Hunter and Elise Mertens claimed the women's doubles title.
The world No. 1 enjoyed an extraordinary 2023 by winning three out of the four Grand Slams to take his tally to 24.
Kyrgios' injury woes began after a stellar 2022 campaign in which he reached the Wimbledon final, won the Washington title and made the quarterfinals at Flushing Meadows.
Twice champion Rafael Nadal was named in the draw, having recently confirmed he will play at the warmup Brisbane International after a long injury lay-off.
Tournament director Tiley also said Australian Nick Kyrgios could return at the Melbourne Park Grand Slam after he underwent knee surgery in January and suffered wrist and foot issues in an injury-plagued 2023.
To stay and play on the ATP Tour, Nagal has invested all his prize money, his salary from Indian Oil Corporation Limited and the support he gets from Maha Tennis Foundation.
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