Current:Home > Scams$50K Olympic track prize the latest in a long, conflicted relationship between athletes and money -Visionary Wealth Guides
$50K Olympic track prize the latest in a long, conflicted relationship between athletes and money
View
Date:2025-04-15 03:33:38
Since the day they were founded, the Olympics have had a confusing relationship with money. The games were supposed to celebrate sport for sport’s sake. But the price athletes paid to be any good was far too high, and it took virtually no time for the concept of amateurism that the Olympics rested on to be viewed as unrealistic, if not an all-out ruse.
This week’s news that track’s international federation will pay $50,000 to gold-medal winners at the Paris Games was the latest step in a century’s worth of unraveling the myth of amateurism at the Olympics.
A look at some key points along the way:
THE FOUNDER FLIP-FLOPS
As early as 1894, two years before the first modern Olympics, Pierre de Coubertin was sounding different notes about the concept of amateurism. In one speech, according to the authoritative book on the topic, “The Rise and Fall of Olympic Amateurism,” he “warned against the ‘spirit of gain and professionalism’ that threatened its existence.’” But not long after that, “he denounced amateurism as ‘an admirable mummy.’”
THE GREATEST OLYMPIAN
In what’s considered one of the most shameful episodes in the history of the games, the IOC stripped Jim Thorpe of the two gold medals he won at the 1912 Stockholm Olympics because he had played semi-pro baseball before that. The IOC restored the medals in 1983, 30 years after his death.
THE WORKAROUND
As the Cold War began, the Soviet Union, East Germany and other Eastern bloc satellites started handing well-paying “jobs” in the military and other civil services to Olympic athletes. They earned big salaries for doing virtually no work related to that title. Their main job was training, and though they weren’t officially paid to play their sports, nobody tried to disguise this ruse. Some believe this led to a low point in the 1970s for the American Olympic movement, which was largely still adhering to strict amateur rules.
CHANGE BEGINS
The IOC began tinkering with its Rule 26, the rule that inscribed the amateur imprimatur to the Olympics, in the mid-1970s. An IOC member involved in the changes, Willi Daume, put it best when he pointed to the billion-dollar business the Olympics had become: “It is only the athletes that have to make sacrifices and show proof of asceticism,” he said. The IOC began letting individual sports federations write their own rules about amateurism. The track federation was among the first to make a move toward allowing athletes to get paid, though at first, it demanded they put their earnings in a trust.
LOOKING FOR THE BEST SHOW
When Juan Antonio Samaranch became IOC president in 1980, he made it clear he wanted the best athletes at the Olympics. The IOC worked hard with soccer, ice hockey and tennis (a demonstration sport in 1984 and in the official program in 1988), which for various reasons had fought the amateurism rules. By the start of the 1990s, amateurism was written out of the Olympic charter. The 1992 Olympics, which brought NBA stars and the Dream Team to the Barcelona Games, is widely viewed as the start of the professional era at the Olympics.
THEN TO NOW
Most countries now establish prize pools — such as Team USA’s “Project Gold” — for their top athletes at the Olympics, while also funding training and living expenses. The U.S. is one of the few outliers, in that its government does not provide funding for the Olympic team. More than a generation into the professional era, tension remains not over whether the athletes can receive money but how much of the pie they really share in. The track announcement is only one small piece of this puzzle, but a symbolically important one. Olympic watchers will be looking closely to see if any sports follow track’s lead.
___
AP Summer Olympics: https://apnews.com/hub/2024-paris-olympic-games
veryGood! (25)
Related
- The White House is cracking down on overdraft fees
- ‘We all failed you.’ Heartbreak at funeral for Israeli-American hostage in Jerusalem
- Man charged with murder in connection to elderly couple missing from nudist ranch: Police
- Georgia arrests point to culture problem? Oh, please. Bulldogs show culture is winning
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Jordan Spieth announces successful wrist surgery, expects to be ready for 2025
- These Jewelry Storage Solutions Are Game Changers for Your Earrings, Bracelets, & Necklaces
- What restaurants are open on Labor Day? Hours and details for McDonald's, Chick-fil-A, more
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Wisconsin-Whitewater gymnastics champion Kara Welsh killed in shooting
Ranking
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Mexico offers escorted rides north from southern Mexico for migrants with US asylum appointments
- Border arrests are expected to rise slightly in August, hinting 5-month drop may have bottomed out
- South Carolina women's basketball player Ashlyn Watkins charged with assault, kidnapping
- 'We're reborn!' Gazans express joy at returning home to north
- Federal investigators start probe of bus crash in Mississippi that killed 7, injured dozens more
- Arlington cemetery controversy shines spotlight on Utah Gov. Spencer Cox’s sudden embrace of Trump
- Suspect, 15, arrested in shooting near Ohio high school that killed 1 teen, wounded 4
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
2024 fantasy football sleepers: Best value picks for latest ADP plays
California lawmakers pass ambitious bills to atone for legacy of racism against Black residents
Obi Ndefo, Dawson's Creek Actor, Dead at 51
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Here are the average Social Security benefits at retirement ages 62, 67, and 70
Chicago Sky forward Angel Reese sets WNBA single-season rebounds record
Rapper Fatman Scoop dies at 53 after collapsing on stage