Current:Home > StocksTrack and field's decision to award prize money to Olympic gold medalists criticized -Visionary Wealth Guides
Track and field's decision to award prize money to Olympic gold medalists criticized
View
Date:2025-04-11 20:08:02
The decision to give track and field gold medalists $50,000 at the Paris Olympics is being criticized by Olympic sports bodies who said the move "undermines the values of Olympism and the uniqueness of the games."
Last week, World Athletics President Sebastian Coe broke with tradition when it announced that starting this summer, gold medalists across the 48 events on the track and field program would split $2.4 million from the sport's share of the International Olympic Committee's multi-billion dollar income.
World Athletics got about $39.5 million from the IOC for the Tokyo Olympics held in 2021.
"The introduction of prize money for Olympic gold medalists is a pivotal commitment to empowering the athletes and recognizing the critical role they play in the success of any Olympic Games," Coe said in a statement during the announcement.
Coe, a two-time Olympic champion in the men's 1,5000 meters and former lawmaker in the British parliament, said the money acknowledged that "athletes are the stars of the show."
The International Olympic Committee does not pay prize money, though many state governments and national Olympic bodies do.
The break in tradition, however, is not sitting well with the Association of Summer Olympic Committee, which issued a statement on Friday criticizing the move.
"For many, this move undermines the values of Olympism and the uniqueness of the games," the group, also known by the acronym ASOIF, said Friday. "One cannot and should not put a price on an Olympic gold medal and, in many cases, Olympic medalists indirectly benefit from commercial endorsements. This disregards the less privileged athletes lower down the final standings."
In its statement, the ASOIF said World Athletics did not inform nor consult them in advance of last week's announcement and raised concern that it was done one day after the ASOIF General Assembly. Coe is a member of the ASOIF ruling council.
"During the last days, ASOIF's membership has expressed several concerns about World Athletics' announcement," the group, based in the Olympic home city Lausanne, Switzerland, said.
ASOIF suggested that "not all sports could or should replicate this move, even if they wanted to." Paying prize money "goes against the principle of solidarity" and could take money away from governing bodies' work which was their duty compared to commercial promoters of sports events.
"If the Olympic Games are considered as the pinnacle of each sport, then the prize money should be comparable to, and commensurate with, the prizes given in the respective top competitions of each sport," the group said. "This is technically and financially unfeasible."
In its statement, ASOIF also fueled speculation about the IOC presidential contest next year when Thomas Bach's 12-year limit expires. However, his allies want the Olympic Charter changed to let him stay while Coe turns 68 this year and could be stopped by age limit rules.
The backlash from Olympic sports — whose leaders are among about 100 IOC members who elect the president — likely was predicted by Coe, who has elevated the issue of how to reward athletes in the often insular world of IOC politics.
The cash promise was popular with United States athletes in various sports preparing to compete in Paris, who can earn $37,500 from their team for gold medals, $22,500 for silver and $15,000 for bronze. The Paris Olympics start on July 26.
- In:
- Paris
- Olympics
veryGood! (3354)
Related
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Dollar General's Thanksgiving deals: Try these buy 2, get 1 free options
- See Liam Payne Reunite With Niall Horan in Sweet Photos Days Before His Death
- Cleveland mayor says Browns owners have decided to move team from lakefront home
- Small twin
- Will Menendez brothers be freed? Family makes fervent plea amid new evidence
- Mitzi Gaynor, star of ‘South Pacific,’ dies at 93
- How Liam Payne Reacted to Girlfriend Kate Cassidy Leaving Argentina Early
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Mitzi Gaynor, star of ‘South Pacific,’ dies at 93
Ranking
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- ‘Breaking Bad’ star appears in ad campaign against littering in New Mexico
- Lionel Messi looks ahead to Inter Miami title run, ponders World Cup future
- Work in a Cold Office? These Items Will Keep You Warm
- A South Texas lawmaker’s 15
- What to know about the Los Angeles Catholic Church $880M settlement with sexual abuse victims
- U2's Sphere concert film is staggeringly lifelike. We talk to the Edge about its creation
- Liam Payne was open about addiction. What he told USA TODAY about alcohol, One Direction
Recommendation
Most popular books of the week: See what topped USA TODAY's bestselling books list
Why Billy Ray Cyrus' Ex Firerose Didn't Think She Would Survive Their Divorce
Liam Payne was 'intoxicated,' 'breaking the whole room' before death from fall: 911 call
How Larsa Pippen's Dating Life Has Changed Since Second Marcus Jordon Breakup
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Horoscopes Today, October 17, 2024
Diablo and Santa Ana winds are to descend on California and raise wildfire risk
Liam Payne was open about addiction. What he told USA TODAY about alcohol, One Direction