SBJ: Surprises realign endorsement market SBD: L.A. Increases Efforts For '24 Games Bid SBG: U.K. Ministers To Boycott Paralympics SBG: Heat Won't Affect Sochi Paralympics SBG: IPC: Games Will Break Viewing Records SBG: Poll: Russians Praise Sochi Organization SBG: Olympic Notes SBG: Ukraine Undecided On Paralympics Boycott
Kazakhstan pays 10 times what U.S. does for a gold medal
February 11, 2014 04:36 PM
The U.S. Olympic Committee pays $25,000 to gold-medal winners, $15,000 for silver and $10,000 for bronze, but that pales in comparison to many other countries, and the American payouts have not changed in a decade, according to Yahoo Sports.
Kazakhstan offers $250,000 to any athlete who wins a gold medal in Sochi, the most of any of the 26 countries to earn a medal four years ago in Vancouver, according to Bloomberg. Other countries that offer rewards in the six figures include fellow ex-Soviet state Latvia, which offers $192,800 for gold, Italy at $189,800, Belarus at $150,000 and Estonia at $138,500. Athletes from these five countries won just two gold medals and 12 medals overall in Vancouver.
Host nation Russia also pays out handsomely at $113,200 for gold, as well as $70,800 for silver and $48,000 for bronze.
In addition to the U.S., other Winter Olympic powerhouses tend to offer lower bonuses than less-successful nations. Germany pays gold medalists $20,300 and Canada awards $17,900. Croatia, Norway, Sweden and Great Britain do not offer cash bonuses to medalists despite combining for 38 medals, including 15 gold, four years ago.
SOURCES: Bloomberg, Yahoo Sports