The 1971 Pepsi Cola Grand Prix was a professional tennis circuit held that year. It incorporated three of the four grand slam tournaments, the Grand Prix tournaments. It was the second edition of the Grand Prix circuit and was run by the International Lawn Tennis Federation (ITLF). In addition to regular tournament prize money a bonus prize money pool of £60,000 ($150,000) was available to be divided among the 20 highest ranking players after the last tournament. To be eligible for a share of the bonus pool a player had to compete in a minimum of nine tournaments. The circuit culminated in a Masters event in Paris, France for the seven highest point scoring players. Stan Smith was the winner of the circuit with 187 ranking points and four tournament victories.