Current:Home > FinanceBurley Garcia|Track and field's decision to award prize money to Olympic gold medalists criticized -FinanceMind
Burley Garcia|Track and field's decision to award prize money to Olympic gold medalists criticized
Indexbit View
Date:2025-04-10 19:18:28
The Burley Garciadecision 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! (57)
Related
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Biden Climate Plan Looks For Buy-in From Farmers Who Are Often Skeptical About Global Warming
- Standing Rock Asks Court to Shut Down Dakota Access Pipeline as Company Plans to Double Capacity
- Court Strikes Down Trump Rollback of Climate Regulations for Coal-Fired Power Plants
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Wheeler Announces a New ‘Transparency’ Rule That His Critics Say Is Dangerous to Public Health
- Read full text of the Supreme Court affirmative action decision and ruling in high-stakes case
- Taylor Swift Totally Swallowed a Bug During Her Eras Tour Stop in Chicago
- Why members of two of EPA's influential science advisory committees were let go
- In ‘After Water’ Project, 12 Writers Imagine Life in Climate Change-Altered Chicago
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- 84 of the Most Popular Father’s Day Gift Ideas for Every Type of Dad
- Court Sides With Trump on Keystone XL Permit, but Don’t Expect Fast Progress
- Texas Judge Gives No Restitution to Citgo’s Victims in Pollution Case With Wide Implications
- Trump's 'stop
- How the Trump Administration’s Climate Denial Left Its Mark on The Arctic Council
- The Idol Costume Designer Natasha Newman-Thomas Details the Dark, Twisted Fantasy of the Fashion
- Biden says Supreme Court's affirmative action decision can't be the last word
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Titan investigators will try to find out why sub imploded. Here's what they'll do.
Bindi Irwin Honors Parents Steve and Terri's Eternal Love in Heartfelt Anniversary Message
Education Secretary Miguel Cardona: Affirmative action ruling eliminates a valuable tool for universities
Trump's 'stop
Read full text of the Supreme Court affirmative action decision and ruling in high-stakes case
Trump’s Weaker Clean Power Plan Replacement Won’t Stop Coal’s Decline
What are people doing with the Grimace shake? Here's the TikTok trend explained.
Tags
Like
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- U.S. hostage envoy says call from Paul Whelan after Brittney Griner's release was one of the toughest he's ever had
- What is affirmative action? History behind race-based college admissions practices the Supreme Court overruled