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sports9h ago
How Much Do Olympians Get Paid? Breaking Down Salaries, Bonuses, and Sponsorships
- World Athletics announced a $50,000 gold medal prize for Paris 2024 track events, with a plan to extend to silver and bronze later.
- A country-by-country breakdown shows varied incentives for Paris 2024, with Hong Kong and Singapore offering high rewards compared to the U.S.
- Non-cash benefits, such as housing or pensions, supplement medal prizes in some countries.
- Athletes can monetize medals by selling them, though values depend on metal prices.
- Endorsements and sponsorships remain a major income source for top Olympians, though access is uneven.
- The piece notes that the 2026 Winter Olympics will introduce a new cohort of medalists to reward.
- Many countries provide monetary prizes that vary significantly by podium finish (gold, silver, bronze).
- The U.S. awarded smaller prize amounts relative to several other nations for Paris 2024 medals.
- The article discusses how Olympic culture intertwines prize money with broader support like education and tax resources for athletes.
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