The Bay Area's only stop on the ATP World Tour will soon be no more, The Associated Press reported.

The 123-year-old event in San Jose, currently called the SAP Open, is moving to Memphis in 2014. The Memphis tournament is being sold and shifted to Rio de Janeiro.

The ATP Board of Directors approved the sale of the Memphis membership this week to IMX for operation of the 500-level event in Brazil. The ATP will determine the calendar and format for the events in 2014 and 2015 later this year.

The SAP Open began as the Pacific Coast Championships in Monterey in 1889 and has been played indoors recently at the home of the NHL's San Jose Sharks in February before dwindling crowds.

The women's tour still has an annual event at Stanford.