Current:Home > StocksTrack and field's decision to award prize money to Olympic gold medalists criticized -PureWealth Academy
Track and field's decision to award prize money to Olympic gold medalists criticized
View
Date:2025-04-15 02:38:28
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! (79)
Related
- Sonya Massey's father decries possible release of former deputy charged with her death
- FBI agent says 2 officers accepted accountability in fatal beating of Tyre Nichols
- Machine Gun Kelly Addresses Jelly Roll Feud During People’s Choice Country Awards Speech
- California man faces federal charge in courthouse bomb explosion
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- NFL Week 4 picks straight up and against spread: Will Packers stop Vikings from going 4-0?
- Melania Trump calls her husband’s survival of assassination attempts ‘miracles’
- Mark Zuckerberg faces deposition in AI copyright lawsuit from Sarah Silverman and other authors
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Trevon Diggs vs. Malik Nabers: Cowboys CB and Giants WR feud, explained
Ranking
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Alan Eugene Miller becomes 2nd inmate in US to be executed with nitrogen gas
- California man faces federal charge in courthouse bomb explosion
- James Corden Admits He Tried Ozempic for Weight Loss and Shares His Results
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- California man faces federal charge in courthouse bomb explosion
- Do you have a pet plan ready for Hurricane Helene? Tips to keep your pet prepared
- Madonna’s Stepmother Joan Ciccone Dead at 81 After Cancer Battle
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Gear Up with Gap x Disney's Limited-Edition Collegiate Collection: '90s Sporty-Chic Picks for the Family
Waffle House closes Tallahassee-area locations as Hurricane Helene approaches Florida
In St. Marks, residents await Hurricane Helene's wrath
Meet first time Grammy nominee Charley Crockett
Hand-counting measure effort fizzles in North Dakota
You Might’ve Missed Machine Gun Kelly’s Head-Turning Hair Transformation at the 2024 PCCAs
Couple reportedly tried to sell their baby for $1,000 and beer, Arkansas deputies say