WTA announces Singapore will host season-ending championship from 2014-18

The WTA has signed a five-year deal to host its season-ending championship in Singapore beginning in 2014.

WTA chairman and chief executive Stacey Allaster says the top eight singles players and top eight women's doubles teams will compete for $6.5 million in prize money beginning next year, describing the deal with Singapore as a "record breaker" for "the WTA's crown-jewel season finale."

The WTA announced the deal for 2014-18 on Wednesday, saying the event would be held at the $1 billion Singapore Sports Hub's 7,500-seat indoor stadium.