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  • TAKING CARE OF ITS OWN: USOC SPENDING MONEY ON ITS ATHLETES

              The USOC will celebrate the 20th anniversary of its
         Colorado headquarters on Friday, and Michael Hiestand
         examines the role and budget of the Olympic committee in USA
         TODAY's "In Focus" section.  He writes that with annual
         revenues of about $107M, the USOC is "bigger than nearly all
         major league teams," and that about 79% of all USOC revenues
         "arguably support athletes." The USOC's administration costs
         are about 7% of its budget, about half the level of a decade
         ago, and "direct support" of athletes has increased from 1%
         to 11%.  The USOC has put aside an extra $18M to train elite
         athletes for the 2002 Games and $8M for the 2000 Games. 
         While individual contributions account for about 10% of
         revenues, the USOC expects to sign about 17 top sponsors for
         the 2002 Winter Games in Salt Lake City, whose eight-year
         deals "will total more than" $800M.  The USOC's "quadrennium
         budget" has grown from $55M in '77-80 to its current $429M. 
         Hiestand adds that while USOC President Bill Hybl and the
         Exec Committee are unpaid, '96 reports showed that USOC Dir
         Dick Schultz made $506,000 while USOC Deputy Secretary
         General John Krimsky made $389,000 (USA TODAY, 8/13).
    
    

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