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Paris Olympics: $50,000 for a gold – athletics turns into first sport to supply prize cash to Olympians | World Information

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Athletics will develop into the primary sport to introduce prize cash on the Olympics this summer season.

World Athletics, the worldwide athletics federation, says it is going to pay Olympic gold medal winners $50,000 (round £39,400) on the Paris video games.

The athletics governing physique stated it’s setting apart $2.4m (£1.89m) to pay the gold medalists throughout 48 occasions at Paris’ observe and subject programme.

Picture:
The UK’s Katarina Johnson-Thompson, the world heptathlon champion, could possibly be in line for the fee. Pic: Reuters

Relay groups will break up the $50,000 between their members.

Funds for silver and bronze medalists are deliberate to begin from the 2028 Olympics in Los Angeles.

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World Athletics President Sebastian Coe stated: “Whereas it’s not possible to place a marketable worth on successful an Olympic medal, or on the dedication and focus it takes to even characterize your nation at an Olympic Video games, I believe it is necessary we begin someplace and ensure a number of the revenues generated by our athletes on the Olympic Video games are immediately returned to those that make the Video games the worldwide spectacle that it’s.”

Lord Sebastian Coe, President of the IAAF answers questions from the media during a press conference in Monaco, November 2015
Picture:
Lord Sebastian Coe, President of the IAAF solutions questions from the media throughout a press convention in Monaco, November 2015

The fee of prize cash will rely on the World Athletics ratification course of, together with athletes present process and clearing the same old anti-doping procedures.

The trendy Olympics originated as an novice sports activities occasion and the Worldwide Olympic Committee doesn’t award prize cash, although many medalists obtain funds from their nations’ governments, nationwide sports activities our bodies or from sponsors.

In addition to the varied males’s and ladies’s operating races – each with and with out hurdles – gold medallists in occasions together with lengthy bounce, excessive bounce, triple bounce, hammer throw, javelin throw, discus throw, pole vault and shot put will obtain the prize cash.

Race strolling, the ladies’s heptathlon and males’s decathlon Olympic winners will even obtain $50,000.

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