World Athletics Introduces Prize Money for Olympic Gold Medalists

SOURCE www.foxnews.com
World Athletics announces prize money for gold medalists at the Olympics, marking a shift from the amateur past of the games. The move is aimed at recognizing athletes as stars of the show and will be funded from Olympic revenue.

Key Points

  • World Athletics to pay $50,000 to gold medalists at the Paris Olympics
  • Prize money to be funded from Olympic revenue share
  • Silver and bronze medalists to receive payments starting from 2028 Olympics

Pros

  • Recognition of athletes' contributions to the Olympics
  • Potential to attract top athletes to compete in the Olympics

Cons

  • May upset the traditional amateur nature of the Olympics
  • Could lead to imbalance in the Olympic movement