The All England Lawn Tennis Club announced Friday it will provide all 620 players who would have qualified for the 2020 Wimbledon Championships a prize money payout.

Wimbledon, which was scheduled to run from June 29 through July 12, was canceled in April because of the coronavirus pandemic. Here's what each player will receive based on the event they qualified for (one payment per person, even if they would have been eligible for multiple brackets):

• Qualifying: £12,500 (224 players)
• Singles: £25,000 (256 players)
• Doubles: £6,250 (120 players)
• Wheelchair: £6,000 (16 players)
• Quad Wheelchair: £5,000 (4 players)

The Wimbledon Championships had been contested every year since 1946. The tournament, which began in 1877, was only previously called off because of World War I (1915-18) and World War II (1940-45).

Steve Gardner of USA Today reported tournament organizers have held pandemic insurance for 17 years and that the AELTC will receive a $141 million payment because of this year's cancellation.

Chief executive Richard Lewis, who was scheduled to step down after this year's Championships, said the insurance kept the club in a solid financial situation, per Sudipto Ganguly of Reuters.

"It won't be severely impacted. If you have to cancel, it's great to have insurance," he said. "We're still in a very good position; we're financially very stable. British tennis is going to be pretty well protected."

A total of £10,066,000 will be paid out to players following Friday's announcement.

The AELTC also confirmed the 2021 Wimbledon Championships remain on track to happen from June 28 through July 11 next year.

Novak Djokovic is the two-time defending champion in men's singles, while Simona Halep won the women's title in 2019.

Bleacher Report's David Gardner interviews athletes and other sports figures for the podcast How to Survive Without Sports.