I'd be surprised if a T+G gold winner from anywhere in Europe, North America, Oceania, UAE or Japan didnt earn $500k in the following year from within and without the sport.
Well, I can tell you that in central Europe, they do not. Japan, also doubtful.
I always thought the Olympics not offering prize money was special. It puts more focus on the competitions. The glory alone is worth much more than 50k.
Why is WA the one trying to be different here? Why now? Couldn't the money be better spent on increasing prize money for World Indoor and World XC, events that struggle to get the top competition? We already know Olympic medalist will get paid regaurdless of whether the event provides it.
Of course 50k is peanuts but it's a nice gesture by World Athletics. Giving back to their champions when they don't have to. It's cool that they're the first to do this.
Thikn of it this way:
It's 2.4 million dollars (1.2 per sex).
If there was one winner for each sex (like in a tennis tournament or golf tournament) that would be an incredible amount of money.
What I would rather see is they put his money into the World Cross Country Championships and pay the top 40-50 plus money for teams, maybe the top 5-8.
I'd be surprised if a T+G gold winner from anywhere in Europe, North America, Oceania, UAE or Japan didnt earn $500k in the following year from within and without the sport.
Well, I can tell you that in central Europe, they do not. Japan, also doubtful.
OK, tiny sample size - Olympic Golds in T+F and I take the point that the likes of Romania, Belarus, Moldova have different economic norms. Maybe naively I'd assumed the rarity value boosts the financial benefits. Also I was a bit casual in where I think Central Europe becomes Eastern Europe.
coe contributes. which is his job, a super rarity in sports admin. full of hubris leaches.
how about real gold metals, instead of cheap plated crap?
in the depression era, they went fake due to no cash. and since with billion dollar budgets, where does it go? to croked contractors and administrators. these guys are unaccountable cringe to infinity
I always thought the Olympics not offering prize money was special. It puts more focus on the competitions. The glory alone is worth much more than 50k.
Why is WA the one trying to be different here? Why now? Couldn't the money be better spent on increasing prize money for World Indoor and World XC, events that struggle to get the top competition? We already know Olympic medalist will get paid regaurdless of whether the event provides it.
50k though something is nothing in the grand scheme of a 4 year event. Also i find giving nothing for Silver, Bronze and Wood a bit unfair
the footballers at the world cup get money. so do the cricketers, American Football, F1 champs heck even the people playing darts
Go home after winning at the Olympics and try to feed your family with all that glory!
Track and field will be the first sport to introduce prize money at the Olympics, with World Athletics saying it will pay $50,000 to gold medalists in Paris.
The governing body of athletics said it was setting aside $US 2.4 million ($3.6 million) to pay the gold medalists across the 48 events on the track and field program for this year's Paris Olympics. Relay teams will split the $US 50,000 between their members.
Payments for silver and bronze medalists are planned to start from the 2028 Olympics in Los Angeles.
World Athletics President Sebastian Coe said it was impossible to put a marketable value on winning an Olympic medal but this was a first step.
"I think it is important we start somewhere and make sure some of the revenues generated by our athletes at the Olympic Games are directly returned to those who make the Games the global spectacle that it is," Mr Coe said.
The prize money will come from the share of Olympic revenue the IOC distributes to World Athletics and other governing bodies of individual sports.
Athletes will have to pass "the usual anti-doping procedures" at the event before they receive the money, World Athletics added.
The modern Olympics originated as an amateur sports event and the International Olympic Committee does not award prize money. However, many medalists receive payments from their countries' governments, national sports bodies or from sponsors.
The Australian Olympic Committee has a medal incentive scheme, which sees athletes paid $20,000 for gold, $15,000 for silver and $10,000 for a bronze medal.
However, Australian athletes only get one payment for their best result, and it's conditional on them continuing to train for the next Olympics.
The United States Olympic and Paralympic Committee awarded $37,500 to gold medallists at the last Summer Games in Tokyo in 2021.
Singapore's National Olympic Council promises $S1 million ($1.1 million) for Olympic gold, a feat only achieved once so far by a Singaporean competitor.
The move by World Athletics could be seen as an indicator of Mr Coe's intentions for the Olympics as a whole if he makes a run for the IOC presidency.
Last year, he said he hadn't "ruled it in, and certainly haven't ruled it out" when asked whether he would consider running for the IOC's top post when Thomas Bach's term ends in 2025. The IOC typically disapproves of any public campaigning for the presidency.