This may be an unpopular opinion but I feel like Grand Slams already do a good job at allocating prize money to players. If you lose in the first round at the US Open you get $60,000. For one day's work that's not bad. That's about what Elias Lindholm makes per game on the Flames.
The smaller tournaments I'm not as familiar with them but I know it's really rough for some players who fly around the world and net like $50 after playing. Those are the tournaments where they should be focusing their energy on, because players ranked outside the top 100 rarely even make the Grand Slams.
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