LONDON (AP) — The ATP Tour has announced a new season-ending tournament for 21-and-under players beginning in Milan next November.

Called the Next Gen ATP Finals, the tournament will feature the best seven 21-and-under players in the rankings plus a wild card.

While the tournament will follow a similar round-robin format to the ATP Finals, it will also feature rule changes and innovations yet to be announced.

ATP executive chairman and president Chris Kermode says the event will "act as a launch pad for tennis innovation as we bid to make our sport more attractive to the changing consumer habits of the next generation of fans."

The event will award $1.25 million.

The tournament will be held at Fiera Milano Stadium from Nov. 7-11 and will remain in Milan for five years.

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