Current:Home > FinanceTrack and field's decision to award prize money to Olympic gold medalists criticized-LoTradeCoin
Track and field's decision to award prize money to Olympic gold medalists criticized
View Date:2025-01-11 13:28:34
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! (8147)
Related
- Brian Austin Green Shares Message to Sharna Burgess Amid Ex Megan Fox's Baby News
- Millie Bobby Brown, Bon Jovi's son and the truth about getting married in your early 20s
- SpaceX launch livestream: How to watch Starship's fourth test flight
- Netherlands kicks off 4 days of European Union elections across 27 nations
- Katherine Schwarzenegger Gives Birth, Welcomes Baby No. 3 With Chris Pratt
- Tornado hits Michigan without warning, killing toddler, while twister in Maryland injures 5
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Center Court
- Man in Mexico died of a bird flu strain that hadn’t been confirmed before in a human, WHO says
- Advocates Expect Maryland to Drive Climate Action When Trump Returns to Washington
- Latino advocacy group asks judge to prevent border proposal from appearing on Arizona’s ballot
Ranking
- Giuliani’s lawyers after $148M defamation judgment seek to withdraw from his case
- Supreme Court sides with Native American tribes in health care funding dispute with government
- Oklahoma softball eyes four-peat after WCWS Game 1 home run derby win over Texas
- AI ‘gold rush’ for chatbot training data could run out of human-written text
- Outgoing North Carolina governor grants 2 pardons, 6 commutations
- Stock market today: Asian stocks rise after Wall Street barrels to records
- McDonald's loses Big Mac trademark as EU court sides with Irish rival Supermac's
- Records expunged for St. Louis couple who waved guns at protesters. They want their guns back
Recommendation
-
Stock market today: Asian shares mostly decline, shrugging off Wall Street’s overnight rally
-
Trump outpaces Biden and RFK Jr. on TikTok in race for young voters
-
Child and 2 adults killed on railroad bridge when struck by train in Virginia
-
Trump's conviction in New York extends losing streak with jurors to 0-42 in recent cases
-
Sister Wives’ Meri Brown Shares Hysterical Farmers Only Dating Profile Video After Kody Split
-
Giraffe’s nibble turns into airborne safari adventure for Texas toddler
-
Maura Healey, America’s first lesbian governor, oversees raising of Pride flag at Statehouse
-
'Happy National Donut Day, y'all': Jelly Roll toasts Dunkin' in new video