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Olympic Medals --> do you get cash for winning?

InFecTed

InFecTed

Senior member
I'm sitting here and watching the olympic games when this question hits me🙂
You have to work really hard several years to get a medal and I believe there's no more amateur sport at the olympics (look at the hockey teams).

So does winning a gold medal means you get also lots of $$$???
 
So does winning a gold medal means you get also lots of $$$???

In endorsements, yes.

The "official" prize is the medal though.

Viper GTS
 
Hmmph, good question... I want to know the answer to this also. I mean theres world recognition and becoming a celebrity, but what about those games that no one watches or cares about?
 
I thought there was prize money. I'm pretty sure that the hockey players get like $10,000 if they win a medal. (it may just be a gift from the country though)
 
Some atheletes have contracts that provide them with bonuses from their sponsors
if they win a medal.

There is *no* prize money from the IOC.
 
exaxtly... not officialy but theres gotta be a whole lot of sponsor money + future contracts + govt. money in the case of smaller countries, like to congratulate an athlete for putting the country on the map kinda thing... ya know?

this is highly speculative and based on absolutely nothing concrete, however.
(hey! at least im being straight about it!)
 
Well, I'm sure an Olympic medal would go for a lot of money on eBay...

I wonder if it has ever been done.
 
American athletes receive money for winning a medal. They have for a long time, too, as far as I know.

This year, I know they get $25k for winning a gold medal, I'm assuming from the USOC. I -believe- it's $20k/$15k for a silver/bronze, but it might actually be $15k/$10k.
 


<< Yeah, but what about those events that no one cares about. >>

Those are the only ones left where the olympic idel of competing solely to be the best still apply.
 
So there's nothing official, I guess it's up to every country to decide then.
By the way with all the sports now in the games, you hardly even become a celebrity if you win in a less popular sport.
 
The olympic organisations of individual countries can make deals with the athletes, so that they get cash-bonus if the win a medal. And of course they can get money from sponsors (altrough sponsors are tightly controlled in olympics). And in Finland at least the home towns of winning-athletes usually give the winner some sort of prize. In Finland that has usually been land to build house in. Many good olympic athletes in Finland own big tracks of land they didn't have to pay for 😉
 


<<

<< Yeah, but what about those events that no one cares about. >>

Those are the only ones left where the olympic idel of competing solely to be the best still apply. >>



LOL yeah like curling !!!
 
<altrough sponsors are tightly controlled in olympics>

I was wondering why there's nothing on the boards of the ice hockey arenas beside the olympic logo🙂
 
Hell yes and lots of it. Michelle Kwan did not even win the gold in Nagano, but she makes 2 million a year in endorsements. Probably would be 5 times that had she won.
 
I've read that the medals arent really gold or silver or whatever. They are something underneath and a gold coat on the outside, but not solid gold. Is that right?
 
In some countries I think they will pay you for winning, not the US tho, we tend to follow the IOC's rules (with the exception of bribery..)
 
i know that the Russian men's hockey team recieves 50K for each player if they win the gold. the 50k comes from some group in Russia's govt. (hmmm mafia?)
 
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