Prize money is doubled in the case a medal is won by a team of four or more individuals. For example, snowboarder Chloe Kim signed with Nike, meaning she can appear on their advertisements. Got it. Just like a game show or the lottery, the winnings on Olympic medals are . TYR Sport sponsors Katie Ledecky for $7 million. Olympic athletes do not get paid by just attending the Olympic Games. If a team wins, each member gets their own . So it's a tough kind of balancing act that the NGBs are doing to figure out, how do we support the athletes that are up-and-coming, but then also how do we make sure that those who are doing awesome right now are well cared for? South Korea: $55,000 (The special bonus will be explained momentarily.) Naomi Osaka of Team Japan serves during her Women's Singles Third Round match against Marketa Vondrousova of Team Czech Republic on day four of the Tokyo 2020 Olympic Games at Ariake Tennis Park on July 27, 2021 in Tokyo, Japan. Athletes can also pick up another $112,000 from the government for an Olympic-record performance. $10,000 - Olympic bronze medal. The 19-year-old phenom passed up on sponsorship deals in order to swim for Stanford this fall, but she'll still accept hundreds of thousands in prize money for her six medals. Do Olympic athletes get paid? As a reward for her historic achievement, Diaz will reportedly receive at least 33 million Philippine pesos (around $600,000) from the Philippine Sports Commission as well as the country's top businessmen. Written into Article 39 of the Korean constitution, this provision is hard to avoidunless, say, youre a K-pop star specially recommended for exemption by the Ministry of Culture. For the Tokyo Olympics, Italian gold medalists receive 180,000 for their victory, with smaller prizes for silver and bronze. Russian Sports Minister Vitaly Mutko awards Russian two-time silver medalist swimmer Yulia Yefimova with the Order of Honour during a ceremony at the Kremlin on Aug. 25, 2016, in Moscow. And with the Games about to start, you can expect to see plenty more popping up on Instagram and Twitter. If you buy through our links, we may earn a commission. The monthly cost ranges from $3,810 to $8,208, while the yearly cost ranges from $53,500 to $60,999. The government of tiny Kosovo is paying 100,000 euros to gold medalists, 60,000 to silver medalists and 40,000 to bronze medalists, with two Olympic champions (judokas Nora Gjakova and Distria Krasniqi) in Tokyo already. In Beijing, Meinhardt became the youngest U.S. Olympic fencer of all time. Aaron: In a matter of 22 hours, I want to say it was, I had all the money that I needed, and it was such a wild moment for me. Additional lifetime monthly salary of 5,000, 3,000, and 2,000 ringgit for Gold, Silver, and Bronze, respectively. Narrator: Things have shifted a bit to help athletes. Weightlifter Kuo Hsing-Chun of Taiwan (or Chinese Taipei) on July 27. Athletes can get stipends directly from the US Olympic & Paralympic Committee or from the groups that run the Olympic sports teams, called the national governing bodies. Actual swimming competitions bring in less than 2% of his income, but those medals still paid out a cool $1.89 million. You may be able to find the same content in another format, or you may be able to find more information, at their web site. The U.S. only pays out $37,500 to gold medal winners, $22,500 for silver, and $15,000 for bronze. This is very common with medal-winning Olympians. A gold medal is worth $37,500, a silver medal is worth $22,500 and a bronze medal is worth $15,000. Tiny Cyprus has competed at every Winter Olympics since 1980, with skier Yianno Kouyoumdjian set to race in Beijing. She went into credit card debt because of me. Malaysia diver Yan Yee Ng during the three-meter springboard preliminary round on July 30. In the UK, the Government does put aside around $160 million (114.7 million) each and every year, which is given to Olympic and Paralympic sports. Other Filipino companies are giving her thousands more in cash to go along with it. There are a few different types of sponsorships Olympic athletes can sign with. Ahead of the Games, Forbes reached out to the national Olympic committees or government sports ministries of all 91 countries and territories set to compete and was able to confirm that at least 32 will pay cash prizes for medals; only four of the respondents do not plan to pay their athletes some sort of bonus explicitly for winning medals. Narrator: There's the price of gym time, massage and sports medicine appointments, dieticians, lots of healthy food, you name it. Lauryn Williams: You see someone that's on television all the time and assume all Olympic athletes are famous, all you have to do is get a medal and you'll be rich. The shooter competed in the 25-meter rapid fire pistol this year for a seriously impressive sixth Olympics. That bobsled Lauryn competed in costs about $30,000. To watch & listen the FULL Podcast check out the links belowListen on Spotify - https://open.spotify.com/show/5JQu91FRevsm4GSPr8JbYBListen on Apple Podcasts . Singapore's Yu Mengyu during the women's singles table tennis bronze medal match on July 29. Only GH+ members can save this article. Spending around a month in the Olympic village can be costly for Olympic athletes. Like most of the 11,000 athletes competing at the Tokyo Olympics, Cheung Ka-long was facing long odds. Here are the top 5 prizes awarded by nations to their winning Olympic athletes Subscribe to NowThis: http://go.nowth.is/News_Subscribe Sign up for our n. But each of the young athletes also will receive more than $205,000 for their success. Phil: That money could ensure that our US Olympic team are treated equally to the level of achievement or treated to a salary that is appropriate for them representing this country. Some changes have been made to get more money in the hands of the athletes. If you buy through our links, we may earn a commission. Russia has one of the smaller payments worldwide. [21] The programme's name was changed to Major Games Award Programme (MAP) in 2018. More often, these sponsorships are performance-based, meaning an athlete has to win a certain number of competitions. Unless they win, USA Olympians don't get paid for competing at the Olympics. [24], Incentives for Olympic medalists by country, Incentives by Country (USD equivalent in 2021), "Money for medals: Olympic glory can also be very lucrative for athletes from these countries", "Here's how much Olympic athletes earn for winning medals", "These 10 Countries Offer Six-Figure Payouts To Their Olympic Medalists", "Here's How Much Money Olympic Gold Medalists Win in Each Country", "How much money a Canadian Olympian earns versus the rest of the world | Offside", "Canadian Olympic Committee Athlete Excellence Fund (AEF)", "Fencers to receive 200,000 in prize money from Estonian Olympic Committee", "Hong Kong athletes chasing HK$5 million cash carrot for winning gold", "ASEAN nations offer huge rewards to Olympic medalists", "Kazakhstan to give prize money to athletes winning in Olympics", "Duterte adds P100,000 to Filipino Tokyo Olympians' game allowance", "Here's how much athletes around the world earn for Olympic victory", "Foxconn founder suggests Taiwan shower Olympic athletes with cash", "Thai stars kick off quest for Games glory", "Singapore medallists' reward scheme renamed Major Games Award Programme", "Olympic Heroes Honoured At The London 2012 Olympic Games Awards And Appreciation Dinner", "Why is government giving Hidilyn Diaz P10 million? Cyprus skier Yianno Kouyoumdjian in the slalom at the world championships in February 2021. How London laid the groundwork for sustainable sporting architecture, Filipino weightlifter Hidilyn Diaz the country's first Olympic gold medalist, Diaz will reportedly receive at least 33 million Philippine pesos, U.S. athletes also receive other forms of support, reportedly made $55 million from endorsements in 12 months, NFL replaces Pro Bowl with weeklong skills competitions and a flag football game, The mindset that helped a marathoner become one of the country's best in just 4 years: 'Working harder isn't necessarily better', Fanatics wants to be a $100 billion company here's how it plans to get there. The United States is one of them. The Winter Olympics take place in Beijing, China this month with nearly 3,000 total athletes traveling to the games. 10 Kyle Keith Shewfelt Shewfelt is a gymnast from Canada. The actor and model appeared in Beyonce's "Run The World (Girls)" music video. And that's the amount an athlete earns for each medalso let's say you. And instead of a onetime jackpot, Malaysia, Estonia, and Indonesia promise their winning athletes decades of subsidies. Something like a $250,000 earning turns into $125,000 really quick. Hearst Magazine Media, Inc. All Rights Reserved. Although the medal bonuses help, it is not enough money to live off of, especially when the Olympic Games only occur every four years. Do Olympic athletes get paid? And the San Miguel Corporationa large Filipino conglomerateannounced in mid-July that it would match the governments donation amount for every gold medalist. NBA, I mean, we don't even have to cover that one. And then there was training facilities being shut down. So, they sold emwhich while totally understandable, feels a little like kicking a gift horse in the mouth.) But while Turkey has competed at 17 Winter Games, it has yet to win a medal on snow or ice. But Diaz isnt just getting this payday. Other competitors resort to crowdfunding sites to gather the money and support they need to keep competing. you slip, or just have some little thing go wrong, and its hard to eat for several months.". AZN 400,000, AZN 200,000, and AZN 100,000, for Gold, Silver, and Bronze, respectively in 2016 Rio Olympics. Kosovo's Albin Tahiri in the slalom at the world championships in February 2021. Lauryn: And you also are responsible for your coach, making sure that they are paid and compensated accordingly. HK$5,000,000, HK$2,500,000, HK$1,250,000, for Gold, Silver, and Bronze, respectively. Is it all worth it? The Philippines' Hidilyn Diaz after winning the women's 55-kilogram weightlifting competition on July 26. Winning the US Open when I was involved was a $25k payday, and if you are even in the semi-finals (top 32) you are definitely sponsored. 0. It can literally be you have a huge following on Instagram, or you can just be so good that it's undeniable. Cheung captured the attention of the Hong Kong mediaincluding live analysis from the independent Hong Kong paper the South China Morning Postand he won a sizable payout after triumphing: HK$5 million. For example, retired Jamaican sprinter Usain Bolt has made more than $30 million in one year just from endorsements alone, per AS. The United States gives athletes who win gold $37,500, while one European country awards six figures. Get the details here. The 19-year-old turned pro last year and has already earned $4 million in endorsement deals from Nike, Kellogg's, Hershey's and Procter & Gamble. For elite athletes, theres a loophole: win a medal at the Olympics or the Asian Games. Yahoo Finance reports that those delicious prizes remain on offer in Tokyo. Athletes who win gold receive 1 million ringgit ($236,149), while silver winners are awarded 300,000 ringgit, and 100,000 ringgit is given to athletes who win bronze. But, if they do well at the games the athletes can make some serious money. A vault maneuver was even named after him. Dozens of countries are offering bonuses to athletes who claim one of the 327 medals available across the 15 sports at the Beijing Olympics, which officially kick off with todays opening ceremony. But many countries do, and while the U.S. and Japan have plenty of company in their general price rangethe individual-gold-medal payouts in Australia, Brazil, Canada, Finland, Portugal, Serbia and Switzerland, to name a few, are in the same ballpark, stretching from about $15,000 to about $70,000they ultimately land on the modest end of the spectrum. THB12,000,000, THB7,200,000, THB4,800,000, for Gold, Silver, and Bronze, respectively. If youre competing for Team China, the government is moving away from cash prizes. If they somehow manage to claim a gold medal, they will be eligible for a one-time payment of about $238,000 from the government, plus a lifetime monthly allowance of roughly $1,200. Narrator: Many athletes have turned to crowdsourcing to supplement their incomes. A gold medal is worth $37,500, a silver medal is worth $22,500 and a bronze medal is worth $15,000. ZipRecruiter has a payroll of $26,499,880,000. Indonesia paid out 5 billion rupiah to its 2016 gold medaliststhe mixed doubles badminton team of Tontowi Ahmad and Liliyana Natsirand an official said before this years Games that the prize for Tokyo would be at least that large. They also depend on the athlete's popularity. Take Singapore, one of the richest nations in the world as measured by GDP per capita, which doles out massive payments to medal winners. Narrator: And those bonuses are only up for grabs every four years when the Olympics come around again. How much does Russia pay for Olympic medals? KYIV, Ukraine (AP . $15,000 - Olympic silver medal. But a third-place finish would have guaranteed him a lot more money, he said. However, the Olympic Committee tends to pay for most of the expenses, such as food, accommodation and transportation. Britain and Iceland are among those that dont, although they provide other sorts of grants to athletes. The Philippines promised roughly $200,000 in prize money to any gold medal winner on top of additional allowances that the government approved ahead of these Games. But what else does it earn them? Athletes around the world salary ranges from $16,628 to $187,200. Whitmore, the speed skater, explained that financial worries put a lot of extra pressure on Olympians. 25 Collectibles That Could Be Worth Big Bucks. Outliers make more than this. Everyone, that is, except for boxer and former Olympian Floyd Mayweather who earned at least an estimated $80M, possibly more, in just one fight (against Saul "Canelo" Alvarez) alone in 2013. Italy now pays 180,000 euros to its gold medalistsa 20% jump from 2016plus 90,000 for silver and 60,000 for bronze. The commission vowed to give Diaz an additional 5 million pesos, and with contributions from President Rodrigo Duterte, the city of Zamboanga and other individuals and companies, she is due to haul in 48.5 million Philippine pesos ($970,000), as well as a house, a condo unit, a van and unlimited flights on two airlines. I feel like I am one of the best in America. The Philippines clinched its first ever gold medal in Tokyo this week, making Filipino weightlifter Hidilyn Diaz the country's first Olympic gold medalist. All males in South Korea are drafted into 18 months of mandatory military service following their training. For Olympic athletes who may not be big names quite yet, they often receive funding from friends or family and local businesses. Not every country offers financial compensation explicitly for medal winners. Several have actually gone into debt competing in the Olympicslike former UFC star Ronda Rousey, who became homeless a few months after winning a judo bronze medal in the 2008 Beijing Games. Though again, most of these earnings do not come from medal prizes. He attained a gold medal at the Athens Olympics in 2004. In 2012, CNBC cited Italy as the country with the world's highest payout, offering its athletes $182,400 for each gold medal. All Olympic athletes competing for the United States earn a "medal bonus" according to Money Under 30, where they make money for each medal earned for their country. US athletes striving toward the Olympics are generally left to their own devices in terms of funding training and travel for most of their careers, and even once they reach the top tier, they. The United States pays a handsome fee per medal: $37,500 for each gold medal, $22,500 for each silver medal, and $15,000 . S$1,000,000, S$500,000, S$250,000, for Gold, Silver, and Bronze, respectively. The Winter Olympics take place in Beijing, China this month with nearly 3,000 total athletes traveling to the games. The first is a corporate sponsorship, which is when a company pays the athlete to wear its brand on their clothing. Weightlifter Hidilyn Diaz will benefit from this match, as she won the countrys first gold medal ever last weeka feat the country has chased since its first Olympic delegation attended the 1924 Paris Games. A gold medal is worth $37,500, a. Polish ski jumper Dawid Kubacki claimed bronze in the men's normal hill individual, earning him a bonus of. Aaron: It kind of puts a chip on my shoulder to go even harder, to compete at the best and compete with the best so that I can take myself out of this position. The host country of these Games, Japan, pays similarly, with medal bonuses of roughly $45,000 for gold, $18,000 for silver and $9,000 for bronzeexcept in baseball, with members of the Japanese team reportedly in line for an extra $45,000 if they can win the tournament. Monica started one to fund her way to Tokyo. Maggie: You know, a lot of girls on our team are coaches. Italy has also adopted a model of massive payoutsalthough a little less than Singapore. The countrys Central Asian neighbors also reportedly offer big cash prizes to medalists. Off the field, the gold medalist works as a professional makeup artist and has a motivational sports camp in the works called "You Throw Girl.". It's free! The path to the 2024 Paris Olympics for Ukrainian athletes is clouded by war, anger and pain. Weightlifter Hidilyn Diaz snagged the Philippines first-ever Olympic gold on Monday, ending a 97-year drought and securing the roughly $200,000 official prize on offer from the Philippine Sports Commission. The fencer arrived at the Games ranked 19th in foil, and his path didnt get any easier from there: He had to face 2018 world champion Alessio Foconi in the Round of 16 before tangling with the defending Olympic champion, Daniele Garozzo, in the final. Still, these exemptions can be critical for prolonging an athletes career. We pay to our very top athletes around $4,000 a month, plus performance bonuses. Get this delivered to your inbox, and more info about our products and services. How much does Russia pay for gold medal? Instead, their income comes from a bunch of different revenue streams. A U.S. Olympic athlete, for example, receives $37,500 US for each gold medal in Tokyo, plus $22,500 for silver. How Olympians make money, explained. You may opt-out by. A professional athlete's median salary is about $35,004 per year, with a range that goes up to more than $5 million dollars. Then there are countries like Greece and Bosnia and Herzegovina, which plan to award bonuses to any athletes who earn medals but will wait until after the fact to determine the exact amounts. Narrator: An Olympic gold-medal rower told USA Today she receives $2,000 a month. Or steeplechase. Athletes don't get paid for taking part in the Summer or Winter Olympic Games, but do tend to receive a monetary reward from their country's Olympic committee if they win a medal. Aaron: If I got to get shoes every two to three months, that's $200, $300. The rewards actually trickle down below the podium spots, with Olympic athletes who finish seventh or eighth in their events still claiming 900,000 New Taiwan dollars ($32,000)almost as much as an American gold-medal winner. So, not only is there an incentive to stand on the pedestal in order to have your name etched in Olympic history, but the athletes also look forward to the cash prize that comes with it. Plus, there are also hefty costs associated with competing at this level. Narrator: It's left Olympians and their families struggling to make ends meet. Incentives by Country (USD equivalent in 2021) Countries Gold Silver; Philippines: $200,000: $100,000: Russia: $61,000: $38,000: Serbia: Most teams have corporate or private sponsors who pay for the Olympians' costs. A gold medal is worth $189,800. Ecuador set a $100,000 reward for any athlete who could win goldso congrats to champion road cyclist Ricard Carapz on his new stacks. [4], The Singapore National Olympic Council in the 1990s under President Yeo Ning Hong instituted the Multi-Million Dollar Award Programme (MAP), an incentive scheme to reward athletes who win medals in major international tournaments, including the Olympics, for Singapore. Some countries consider the medal bonuses taxable income while others make that money exempt. Olympians typically receive monetary, and sometimes non-monetary, rewards from their countries for winning a place on the podium. Additionally, they stay in the Olympic village for around a month. This year, U.S. Olympians can expect to receive $37,500 for each gold medal they win, $22,500 for each silver, and $15,000 for each bronze from the United States Olympic and Paralympic Committee. How much are Olympic athletes paid for winning gold medals? (Ironically, most Olympians couldnt afford to own and maintain such cars. US Olympians . According to the USOPC website, U.S. Olympians will earn $37,500 for each gold medal at the 2020 Olympics, $22,500 for a . Silver medalists get $22,400, while bronze medalists get $15,000, as per Forbes. Malaysian gold medalists receive roughly $1,200 in monthly payments for life, Estonian winners receive 4,600 a year, and Indonesian champions get an $18,000-a-year retirement plan. In dollar terms, a. That makes its bonuses all the more eye-popping: Paying roughly $212,000 per gold, $106,000 per silver and $71,000 per bronze at last summers exchange rateand the same for athletes in team eventsthe nation shelled out more than $9 million for its haul in Tokyo. Russia . The money, however, is taxable and the medal winner is obligated to make a donation back into the sport they are representing. Moinca Aksamit: If you're not going to be able to afford it, and if you're not doing well, there's like six other people waiting in line just to have the opportunity. Russia certainly has a great deal to celebrate, delivering an exciting and well-run event while finishing atop the medal count in both the number of medals (33) as well as gold garnered (13). Olympic champions also receive an allowance of about $1,400 a monthfor life. Phil thinks that some of the funding for Team USA should come from the US government. ", "BIR answers tax issues on Hidilyn Diaz's Olympic winnings", https://en.wikipedia.org/w/index.php?title=Incentives_for_Olympic_medalists_by_country&oldid=1138011304. Additionally, Olympians can receive an athletic grant or part-time job through the Olympic Job Opportunities Program. Usain Bolt Celebrating at the Beijing Olympics. Good Housekeeping participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites. Taiwanor Chinese Taipei, as it is known at the Olympicsis already on the hook for one big payment this year: Weightlifter Kuo Hsing-chun set Olympic records in the womens under-59-kilogram division to claim gold. However, if an athlete earns a medal, there is a medal bonus attached to it. In our country, you get 4 million roubles for the gold ($55 thousand), 2,5 million roubles for the silver ($34 thousand), and 1,5 million roubles ($20 thousand) for the bronze. Unfortunately, this exacerbates the inequality of the Olympicsonly some countries have enough disposable athletic funding to dole out payments to anyone who trains or wins medals. The state government of Manipur has pledged to give Indian weightlifter Saikhom Mirabai Chanu 10 million Indian rupees ($134,000) for her silver-medal performance. (Update, February 7: On top of that big prize, the Sports Federation & Olympic Committee of Hong Kong offers smaller rewards of its own, including the equivalent of $1,900 for gold.). The Czech Republic has 116 athletes competing in Beijingtying with Sweden for the ninth-largest delegation at the Gamesalthough 48 come from its mens and womens hockey teams. To date, though, athletes have always received the maximum, the government says. Hell soon collect gold of a different kind: The territorys government rewards its Olympic athletes with 5 million Hong Kong dollars ($643,000 at the current exchange rate) for gold medals in individual events. Its free! Create an account and youll be able to save and revisit articles. Those salaries are RM5,000 ($1,182 USD) for gold, RM3,000 ($709 USD) for silver, and RM2,000 ($473 USD) for bronze. US Olympians used to have to pay as much as $8,900 in taxes on a gold medal bonus. But most athletes rely on at least a few of these different income boosters: As you'd probably expect, athletes get a sizable check for winning an event in their sport. They do receive a lifetime government pension, which may have played a role in gymnast Artur Dalaloyan competing in Tokyo three months after rupturing an Achilles. The prize for a gold medal is $25,000, $15,000 for a silver medal, and $10,000 for a bronze. Narrator: They also have a long list of expenses to train for their sport. How much do Olympic athletes get paid? Parthasarathi pointed out that one profitable career move for someathletesis to go into coaching after retirement as people are willing to pay a premium for former Olympians. Some countries, mostly those who win very few medals, are much more generous with their prize money, according to moneyunder30.com. All Rights Reserved. Most Olympians, though, aren't multimillionaire athletes like Naomi Osaka, Rory McIlroy or Kevin Durant, so competing at this elite level can be a financial struggle. Narrator: Coaches can cost more than $100 an hour. Heres what winners around the world can take homealong with their gold, silver, or bronze. Some countries absolutely pile on the cash. Olympic athletes do not get paid by just attending the Olympic Games. For example, speed skater Mitch Whitmore said he received a nine-month stipend that paid for his training and living expenses after finishing fourth in a 2017 competition. A sports governing body will have varying levels of support for different athletes. Australia, however, offers far less Olympic medal prize money relative to other nations. However, if an athlete earns a medal, there is a medal bonus attached to it. We are the only major country in the world, and one of very few countries period, where the government does not get involved in funding its Olympic team. Valentina Rodini and Federica Cesarini of Italy won gold in the women's lightweight double sculls. I've been raised by a single mother since I'm 8 years old, so she definitely was funding everything when I was younger. But every athlete's contract is different. Following issues with corruption and cheating at the Olympics and Asian Games, the countrys General Administration of Sport promised to drop prizes to provincial governments for their local medalists wins, to curb the prevalence of both corruption and cheating. Beyond that, Olympians rely on other revenue streams for their sporting endeavors, including efforts to land lucrative endorsement deals. Phoenix Petroleum is also honoring her medal with free fuel for life. In 2017, the amount athletes earn for medals at the Olympics games was raised from $25,000 for gold, $15,000 for silver and $10,000 for bronze. But those are mostly theoretical exercises: Neither delegation has ever won a Winter Olympic medal. Bae explained that he lost [his] feel how to play golf. 2K Sports and Nike sponsor Kevin Durant, who rakes in $40 million in sponsorship money every year. In fact, some countries offer much higher rewards for earning gold at Olympic . Here's an insight into where their income comes from. But Cheung, who had carried Hong Kongs flag during the opening ceremony, did his home territory proud, battling back from an early deficit against Garozzo to become Hong Kongs first Olympic champion in 25 years. 958 in the worldquite a drop-off for someone who ranked as high as 26th during his career. At the same Olympiad, German medalists got a lifetime supply of beer, and Belarusian winners received a stockpile of sausage. However, some individual prizes remain: The Chinese government partnered with Tim Yip (aka Ye Jintian), a renowned visual artist and Oscar-winning designer, to create Champion Dragon Clothes for athletes to wear on the podium. This is very common with medal-winning Olympians. Athletes can sign personal sponsorship deals to earn money apart from winning medals. Take the example of Sangmoon Baea two-time winner on the PGA Tourwho had to enlist in the military in 2015. As a physical education teacher, he uses the experience to teach students perseverance. This year, athletes will receive up to 142,288 (roughly $159,000) per gold in individual sports, and teams will receive up to 426,862 ($477,000) to divvy up. The 25th percentile is $29,500, as determined by Forbes. Narrator: How much funding an athlete gets depends on performance, and Lauryn: Their ability is to be able to earn medals. A bronze medalist in Singapore will still make over four times what a U.S. gold medalist willand that's just the beginning of what they can earn after the Games. Narrator: In every sport, the USOPC awards a $37,500 medal bonus for gold, $22,500 for silver, and $15,000 for bronze. There are a few different types of sponsorships Olympic athletes can sign with.
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