World Athletics has announced that it will pay $US50,000 in prize money to gold medallists in each of the sport's 48 track and field events at the Paris 2024 Olympics. The plan is to extend the prize money to silver and bronze medallists at the 2028 Los Angeles Olympics.
World Athletics announced on Thursday that it will pay $US50,000 in prizemoney to gold medallists in each of the sport’s 48 track and field events in Paris. Relay teams will receive the same amount, to be shared among the team.Only gold medallists will receive the payments in Paris but World Athletics boss Sebastian Coe said the plan was to extend the prizemoney to silver and bronze medallists at the 2028 Los Angeles Olympics .
At the time, the US paid its gold medal winners a bonus of $80,000, while Japan offered payments of $96,600 for Olympic gold and $58,000 for Paralympic gold.Athletics, like all sports, is in a competition to attract the world’s best talented athletes. It is difficult to compete financially with the big professional sports, so the money will be, if not an additional inducement, then at least recognition that many athletes struggle to earn a living while training between Olympics.
“We are very lucky to have the likes of Noah Lyles, Grant Holloway, Femke Bol; having amazing athletes come here and do their job,” he said. “But those numbers are lower than appearance fees now for athletes of that calibre. We’ve got to find ways to attract athletes to race more and to race head-to-heads more ... The way to do that is pay athletes good money.”, the International Olympic Committee raked in $11.66 billion during the last cycle to Tokyo 2021.
World Athletics Olympic Gold Medallists Paris 2024 Prize Money Track And Field Events Silver Medallists Bronze Medallists 2028 Los Angeles Olympics
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