In a historic departure from a 128-year-old tradition, World Athletics has announced that it will award $50,000 to each gold medalist in the track and field events at the Paris 2024 Olympic Games. This groundbreaking move marks the first time an international federation has introduced monetary prizes for Olympic champions.
For over a century, the International Olympic Committee (IOC) has held firm to the belief that the honor of competing in the Games is reward enough, refraining from offering financial incentives to athletes. Participants have long been driven by the pursuit of glory and excellence, rather than monetary gain.
However, World Athletics is challenging this notion by allocating a substantial $2.4 million from its IOC revenue share to recognize the dedication and hard work of athletes. “Our athletes invest years of training and personal sacrifice to reach the pinnacle of their sport,” a World Athletics spokesperson commented. “We believe it’s time to acknowledge their commitment in a tangible way.”
The prize money will be awarded to winners of each of the 48 track and field events. Relay teams will share the $50,000 prize among team members, providing additional support to athletes who often rely on limited funding.
This initiative is expected to have significant implications for the global athletics community, potentially influencing other international federations to reconsider their policies. It also offers added motivation for competitors aiming for gold in Paris, promising not only Olympic glory but also a financial reward that could support their athletic careers.
The decision has been met with widespread interest from athletes, coaches, and sports enthusiasts around the world. Many see it as a positive step toward greater recognition of the athletes’ efforts, while others are discussing its potential impact on the spirit of the Games.
As the countdown to the Paris 2024 Olympic Games continues, all eyes will be on the track and field events, not just for the thrilling athletic performances but also for the historic awarding of prize money to the champions.
Reference(s):
World Athletics to grant $50,000 to Paris Olympic gold medalists
cgtn.com
