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The 2024 Olympics are set to convey an unprecedented change for athletes competing within the Paris Video games. It isn’t simply gold, silver and bronze medals that athletes will compete for this 12 months, totally different federations announce totally different money prizes for athletes primarily based on their efficiency. Historically, the Olympic Video games chorus from awarding athletes with money prizes, however this 12 months the development appears to be altering. Whereas governments and nationwide sports activities federations of nations often reward athletes with money prizes for vital achievements within the Olympic Video games, this time, even worldwide federations have introduced awards.
World Athletics has already introduced a USD 50,000 money prize for every gold medalist on this 12 months’s observe and discipline occasions. Following the case, even the Worldwide Boxing Affiliation has promised USD 100,000 in money prizes for gold medalists in numerous classes.
“Whereas it is inconceivable to place a marketable worth on successful an Olympic medal, or the dedication and focus it takes to even symbolize your nation at an Olympic Video games,” World Athletics president Sebastian Coe mentioned in April, “I believe it is necessary we begin someplace. and make sure that a number of the income generated by our athletes on the Olympic Video games goes straight again to those that make the Video games a world spectacle.”
Nonetheless, not everyone seems to be on board with the thought. Some federations, which haven’t introduced such money prizes, are in opposition to the thought, saying paying prize cash goes in opposition to the spirit of Olympism and creates an unfair benefit for gamers to favor sure sports activities over others. Sports activities organizations, nevertheless, really feel that gamers must be rewarded for his or her arduous work.
The Indian authorities has provided Olympic gold medalists 7.5 million rupees (about $90,000) previously, whereas the Indian Olympic Affiliation has additionally given athletes a separate prize of 10 million rupees (about $120,000).
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