Current:Home > MyTrack and field's decision to award prize money to Olympic gold medalists criticized -Trailblazer Capital Learning
Track and field's decision to award prize money to Olympic gold medalists criticized
View
Date:2025-04-27 21:01:35
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! (227)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Gaudreau brothers to be honored by family, friends and their grieving hockey teammates at funeral
- Emily Blunt and John Krasinski's Daughters Hazel, 10, and Violet, 7, Make Rare Appearance at US Open
- Department of Justice sues Maine for treatment of children with behavioral health disabilities
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Granola is healthier than you might think, but moderation is still key
- What's the best state for electric cars? New 2024 EV index ranks all 50 states
- The Lilly Pulitzer Sunshine Sale Just Started: Score Rare 70% Off Deals Before They Sell Out
- Arkansas State Police probe death of woman found after officer
- As summer winds down, dogs around the country make a splash: See pictures of doggy dip days
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Google faces new antitrust trial after ruling declaring search engine a monopoly
- Woman missing for 12 days found alive, emaciated, in remote California canyon
- Red Lobster launches Cheddar Bay 2024 campaign; free Red Lobster for 4 years up for grabs
- Rylee Arnold Shares a Long
- Jailed Harvey Weinstein taken to NYC hospital for emergency heart surgery, his representatives say
- The Bachelorette’s Jenn Tran Reunites With Jonathon Johnson After Devin Strader Breakup
- Amy Adams Makes Rare Comments About 14-Year-Old Daughter Aviana
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
A blockbuster Chinese video game sparks debate on sexism in the nation’s gaming industry
Is soy milk good for you? What you need to know about this protein-rich, plant-based milk.
2 charged in plot to solicit attacks on minorities, officials and infrastructure on Telegram
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Horoscopes Today, September 7, 2024
NFL Week 1 winners, losers: Lions get gritty in crunch time vs. Rams
NFL Week 2 injury report: Puka Nacua, Jordan Love top the list after Week 1