Indian Wells tournament ups winners prizes to $1M

The BNP Paribas Open will become the first joint ATP/WTA tournament to award both the men's and women's singles champions $1 million in prize money.

Tournament director Steve Simon announced the change in a release Tuesday.

The total purse for the 2012 tournament will increase to more than $11 million. In addition to the prizes for the singles champions, the singles finalists, semifinalists and quarterfinalists will now earn $500,000, $200,000 and $100,000, respectively — and prize money has been increased for all rounds of the tournament.

The BNP Paribas Open will be held March 5-18.