The Laver Cup is an international indoor hard court men's tennis tournament between two teams: Team Europe and Team World, the latter of which is composed of players from non-European countries. Held annually, the tournament is intended to be the Ryder Cup of the tennis world. It takes place two weeks after the US Open, with the location rotating. In addition to the guaranteed participation fees which are based upon the players' ATP rankings, each member of the winning team gets $250,000 in prize money, but the tournament itself does not count towards the players' point totals in the ATP Tour for that year. In May 2019, the Laver Cup became an officially sanctioned ATP Tour event.