Boston Legislators Express Concerns About Bid Boston '24 Eyes Transparency With Bid Release Boston May Have Public Vote On Olympics '24 Games Events Could Be Held Outside Of Mass. Beijing Now Leader For '22 Winter Games Mass. Residents Support Boston Olympics USA Basketball Committed to New Phoenix HQ Boston '24 Bid Bolsters Opposition Group Boston Could Be Attractive Bid To IOC Boston Chosen As U.S. Bid City For '24 Games
Upcoming Conferences and Events
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).