Sunday, December 22, 2024
FGF
FGF
FGF

How a lot do Olympic champions receives a commission?

Newly-crowned Olympic champions from Paris 2024 don’t simply win bragging rights–nationwide Olympic committees (NOC) or nationwide governments from across the globe reward the achievements of their star athletes with a money prize. With the bills that go into being an elite athlete, these funds can go a good distance in supporting their athletic endeavours and inspiring additional successes in sport. The prize pot isn’t standardized between nations, so how a lot they earn is very depending on the athlete’s nationality.

Gabby Thomas
Gabby Thomas takes gold for Group USA within the ladies’s 200m last at Paris 2024. Picture: Kevin Morris

In Canada, an Olympic gold medallist is rewarded CAD 20,000 by the Canadian Olympic Committee’s Athlete Excellence Fund. The identical achievement pays considerably higher throughout the border–Group USA’s NOC gives CAD 47,100 to their champions from Paris 2024.

Making each of those prize pots appear negligible are the six-figure rewards supplied by some nations; France, Spain, Malaysia, Republic of Kazakhstan, Morocco, Hungary, Kosovo, Estonia, Israel and Indonesia are all gifting greater than CAD 100,000 to their gold medallists. Even Indonesia’s CAD 400,000 money prize seems minuscule compared to the $1,000,000 gold medal prize pot supplied by Hong Kong and Singapore.

Taiwan’s gold-medal program might one-up all the remaining; Olympic champions obtain CAD 818,000 initially, and $5,400 month-to-month for all times.

Ethan Katzberg
Ethan Katzberg accepting his gold medal within the males’s hammer throw at Paris 2024. Picture: Nick Iwanyshyn

Different nations current athletes with prizes apart from money, resembling livestock, property, providers, automobiles or meals. Nations like Botswana, which noticed their first Olympic gold medal in historical past in Paris, acknowledge the importance of the monumental achievements to the event of sport and accessibility of sources within the nation–going so far as giving your entire nation a half-day vacation on Aug. 9 to have fun their newly-minted 200m Olympic champion, Letsile Tebogo.

 

For the Paris 2024 Video games, World Athletics grew to become the primary worldwide governing physique to compensate Olympic champions with a money prize, promising the first-place finishers in every track-and-field occasion a whopping USD 50,000 (CAD 68,172) to take residence alongside their gold medal and nation’s prize pot.

Some nations, resembling the UK, Norway and Sweden, provide no reward for his or her athletes who convey residence an Olympic gold medal.


Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles