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US Olympic Committee Increasing Monetary Payments To Medalists

US Olympic Committee Increasing Monetary Payments To Medalists

Gymnastics News Network

By Terri Laymon

The United States Olympic Committee has approved and increase in monetary compensation for those that earn medals at major competitions in recognition of their accomplishments.Simone Biles

The USOC announced that Operation Gold will provide a “significant” increase to those athletes who earn medals at the Olympic and Paralympic Games, as well as World Championships for the 2017-20 quadrennium.

Payments at the Pyeongchang 2018 Winter Olympics will increase by 50 per cent after the incredible success the Americans accomplished at the 2016 Rio Olympic Games, where the country won 121 Olympic medals and 115 medals at the Paralympics.

The Olympic tally was the highest the country as ever earned at a non-boycotted Games.

Money paid for World Championship medals in non-Games years will increase by 25 per cent.

Athletes will now receive $37,500 (£29,500/€35,200) for each gold medal earned at the Olympic Games, $22,500 (£17,700/€21,100) for silver and $15,000 (£11,800/€14,100) for bronze.

Medallists at the Paralympic Games are set to earn $7,500 (£5,900/€7,000) for gold, $5,250 (£4,100/€4,900) for silver and $3,750 (£2,900/€3,500) for bronze.

This ‘pay raise’ given to athletes recognizing their accomplishments as part of a continued effort to direct more resources to athletes.

 

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GNN

Source: United States Olympic Committee

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