I have been around the Olympics and Olympic athlete since 1995. I have traveled with teams. I have worked for both the USOC (USOPC) and several NGBs.
First, the financial stuff they talk about is the absolute truth. I have been in the room when an athlete has been told "Your training stipend and athlete health insurance will end at the end of the month". It is a tough thing to see especially when I had gotten to know the athlete. The sport I spent the most time with had some money in it for prize money or professional contracts, but no where close to the minimum in the big 4 team sports in the US (football, baseball, basketball, and hockey).
Second, I did not take Lolo's comments as an attack on Sydney. I thought she was using her as an example. She is the not new track athlete; something Lolo was once as well. As noted by someone (Ohno I think) there is someone who will be faster than you one day. I don't think that is much an issue (they pushed someone else off the team), but that your value to sponsors is very short-lived. Sasha Cohen points that out really well.
Third, it is easy to watch the athletes competing all over the world and how glamorous it looks. Yet as noted, there are years where the training stipends is $7000/year--and that is probably really good. Phelps says he got $1700/month. Now he can swing it, but what about the person who is NCAA champ but has not made a Games yet. My guess is he/she is getting less. So they should train, compete and travel on that. Prize money in most Olympic sports is not great.
Fourth, the mental health issues are real. The number of Olympians who have killed themselves recently is staggering. Seeing Holcomb on the video was a shocker. The NGBs/USOPC has taken some early steps to address this issue. The sports psychologists hired now are clinically trained as clinical psychologists along with sports psych. (This was not always the case).
Fifth, some of the crap people give athletes for losing is crazy. I would push back on Lolo about people saying they felt bad for her. That is not the greatest thing to say in the world, but it comes from people wanting to be sympathetic. Having been through a divorce, it can be tiring to tell people about it.
Lastly, I just watched it again here is what Lolo said re:Sydney (she is one of several athletes talking about new athletes coming in and, as Cohen puts it, you are on conveyor belt of athletes). Also, keep in mind this was likely edited so there might have been more she said that did not appear in the final version:
"When you're a younger athlete they love you. You're the new fresh face. They want to promote you. They want to put you out there. They want everybody to fall in love with you. But after you've been to a few Olympics, you know, you'll see, it kind of weans out."
Cuts to Apolo Ohno...
Lolo picks back up:
"It's so funny, because (laughter) the longer you're here, you just---you're like, 'Oh, that's my replacement.' We got Sydney McLaughlin: 19 years old, marketable. Social media's on fire. And Lolo that's your exit. Please go right. Motherfucker." (Laughs).
I did not take it as a shot at Sydney. I think she was just an example.