World Courant
In an Olympic first, gold medalists on the Paris 2024 Video games will obtain a reward for enjoying.
Athletics will turn into the primary sport to introduce prize cash on the Olympics, with World Athletics saying it’s going to pay $50,000 to gold medalists in Paris.
The transfer, introduced Wednesday, marks a symbolic break from the Olympics’ novice previous in a number of the Video games’ most watched occasions.
Athletics’ governing physique mentioned it has put aside $2.4 million to pay gold medalists for the 48 males’s, girls’s and blended occasions on the athletics program for this 12 months’s Olympic Video games in Paris. The relay groups will divide the $50,000 amongst their members. Funds for silver and bronze medalists are scheduled to start from the 2028 Olympic Video games in Los Angeles.
World Athletics president Sebastian Coe informed reporters the transfer is meant “to acknowledge that the income share we obtain is largely as a result of our athletes are the celebrities of the present.”
The prize cash will come from the share of Olympic income that the Worldwide Olympic Committee (IOC) pays to World Athletics.
Nevertheless, this transfer may upset the steadiness of energy within the Olympic motion within the run-up to the Paris Video games. Coe mentioned World Athletics solely “knowledgeable” the IOC of its intentions on Wednesday morning, shortly earlier than publishing its announcement.
In response, the IOC mentioned it’s as much as every sport’s governing physique to determine learn how to spend its share of Olympic income.
“The IOC redistributes 90% of all its revenues, particularly to the Nationwide Olympic Committees (NOCs) and the Worldwide Federations (IFs),” the IOC mentioned in a press release. “Because of this daily the equal of $4.2 million is spent serving to athletes and sporting organizations in any respect ranges all over the world. It’s as much as every IF and NOC to find out how they’ll greatest serve their athletes and the worldwide improvement of their sport.”
The fashionable Olympic Video games originated as an novice sporting occasion and the IOC awards no prize cash. Nevertheless, many medalists obtain funds from their nation’s governments, nationwide sporting organizations or sponsors.
The US Olympic and Paralympic Committee awarded $37,500 to gold medalists on the final 2021 Summer time Video games in Tokyo. Singapore’s Nationwide Olympic Council is pledging $1 million for Olympic gold, a feat achieved solely as soon as by a Singaporean competitor so far.
In sports activities comparable to tennis and golf, the Olympic match is the one time in a season that {many professional} gamers compete at no cost with medals on supply, however no prize cash. Coe declined to invest on whether or not different occasions may comply with Athletics’ lead.
“I’ve at all times made it some extent to not communicate for different sports activities,” Coe mentioned.
There aren’t any indicators but of one other Olympic sport providing prize cash.
Athletics turns into the primary sport to pay prize cash on the Olympic Video games | Olympic Video games information
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