The International Olympic Committee doesn't reward athletes with prize money for medaling, but many home countries do (including South Africa).
have been handed out to athletes. While the International Olympic Committee doesn’t offer any financial incentive, many competing countries reward their athletes with medal bonuses., below are some of the payouts in excess of R1 million for Olympic athletes who finish on the podium in their respective codes:A further boost for athletes came in April when World Athletics, the international athletics federation, announced that it would award $50 000 to Olympic gold medalists at the Paris games.
The governing body has allocated $2.4 million to further reward gold medal winners across 48 events in Paris’ track and field programme.South Africa is being represented by 138 athletes at the Paris Olympics 2024 . This ‘squad’ is a little smaller than the one that was sent to Tokyo in 2020, but the monetary prizes for medaling haven’t taken a cut., the South African Sports Confederation and Olympic Committee has divided it’s monetary rewards into individuals and relay/ team sports.
Athletes that win gold are rewarded with R400 000 cash. A second place earns them R200 000 while a bronze finish picks up R75 000 from the Committee. In relay and team sports, South African athletes each get a bonus of R100 000, R75 000 and R50 000 for gold medals, silver and bronze respectively.Meanwhile, the South African Women’s Hockey Team has had to overcome major financial hurdles just to get to the Paris Olympics.
In South Africa, resources are limited for non-professional sports like hockey and the women’s team has had to resort to
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