Current:Home > FinanceTrendPulse|Track and field's decision to award prize money to Olympic gold medalists criticized -Aspire Money Growth
TrendPulse|Track and field's decision to award prize money to Olympic gold medalists criticized
SafeX Pro Exchange View
Date:2025-04-06 21:26:07
The TrendPulsedecision 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! (1)
Related
- Trump's 'stop
- Hearing in Karen Read case expected to focus on jury deliberations
- Second person with spinal cord injury gets Neuralink brain chip and it's working, Musk says
- Boeing’s new CEO visits factory that makes the 737 Max, including jet that lost door plug in flight
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Handlers help raise half-sister patas monkeys born weeks apart at an upstate New York zoo
- 2024 Olympics: Runner Noah Lyles Says This Will Be the End of His Competing After COVID Diagnosis
- US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption case
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Julianne Moore’s Son Caleb Freundlich Engaged to Kibriyaá Morgan
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Fire destroys landmark paper company factory in southwestern Ohio
- Sydney McLaughlin-Levrone runs away with 400-meter hurdles gold, sets world record
- Katy Perry Reveals Orlando Bloom's Annoying Trait
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- DK Metcalf swings helmet at Seahawks teammate during fight-filled practice
- It Ends With Us' Justin Baldoni Praises Smart and Creative Costar Blake Lively
- Indian wrestler Vinesh Phogat abruptly retires after disqualification at Olympics
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption case
2024 Olympics: Why Fans Are in Awe of U.S. Sprinter Quincy Hall’s Epic Comeback
Ridiculousness’ Lauren “Lolo” Wood Shares Insight Into Co-Parenting With Ex Odell Beckham Jr.
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Police shooting of Baltimore teen prompts outrage among residents
Tell Me Lies' Explosive Season 2 Trailer Is Here—And the Dynamics Are Still Toxic AF
Teen Mom Stars Amber Portwood and Gary Shirley’s Daughter Leah Looks All Grown Up in Rare Photo