Details Begin Emerging On DC 2024's Bid Plans S.F. Begins Effort To Land '24 Games IOC's Bach: Reform Will Make Bid Process Friendlier IOC Releases Reform Agenda Beijing Seen As Front-Runner For '22 Games Giants' Baer Leading Bay Area's '24 Bid USOC May Help Colleges Fund Olympic Sports Boston Bid Hinges On Proximity Of Venues Boston Mayor Changes Tune On Olympics Bid Boston Bid To Use Computer Model To Make Case
SBD/July 2, 2013/Olympics
Many U.S. Winter Olympic Hopefuls Struggle Under NGB System For Athlete Support
Published July 2, 2013
DOLLARS & SENSE: Federal tax filings show that the USOC “has been successful financially," reporting a $91M revenue surplus in '12. Whiteside wondered, "Why do many aspiring Olympians struggle financially?” The USOC “provides funds to national governing bodies (NGBs) based on performance.” As a result, the “rich get richer.” The USOC last year “provided grants" of more than $4M to both USA Track & Field and USA Swimming. The U.S. Ski & Snowboard Association was the “only other NGB" to top $4M in grants. USA Gymnastics ($2.7M), U.S. Speedskating ($2.7M) and USA Shooting ($2.4M) were the “only other sports to receive more than $2 million in grants.” Plant said, "The bottom line is everyone has to understand there's a clear path, and they are result- and performance-based" (USATODAY.com, 7/1).