In a historic first, World Athletics is breaking away from a 128-year tradition by awarding monetary prizes to Olympic gold medalists. Starting with the Paris 2024 Games, each gold winner in the 48 track and field events will receive a generous $50,000 prize.
The International Olympic Committee (IOC) has long believed that the honor of competing in the Games is its own reward, refraining from providing any financial compensation to participants or medalists. This ethos has driven athletes to strive for glory rather than monetary gain for over a century.
However, World Athletics is setting a new precedent. A substantial $2.4 million from the IOC's revenue share allocation has been designated to reward the outstanding efforts of athletes. Relay teams will have the privilege of sharing the $50,000 prize among their members, further acknowledging their teamwork and dedication.
This groundbreaking decision not only recognizes the immense dedication of athletes but also positions World Athletics as a trailblazer among international sports federations. The move is expected to inspire greater participation and elevate the prestige of track and field events on the global stage.
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World Athletics to grant $50,000 to Paris Olympic gold medalists
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