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Will 2024 Olympians Get Prize Money?

This year in Paris, for the first time in the history of the modern Olympics, track and field gold medalists will receive prize money.

vendredi 12 avril, Il y a 10 mois
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Olympic athletes competed for the love of the game and national pride, as the Olympics are considered an amateur competition. However, recognizing the financial growth of the sport and the need to support athletes' financial well-being, World Athletics has introduced prize money. In 2024, track and field gold medalists will receive $50,000, with plans to extend cash prizes to silver and bronze medalists in 2028. This change marks a significant shift in Olympic tradition, although the majority of athletes remains motivated purely by the pursuit of victory rather than financial gain.

Vocabulary:

• Track and field (noun): Sports like running, jumping, and throwing events that take place on a track or field, such as running races, long jump, or javelin throw.

• Incentives (noun): Incentives are things that are offered to encourage someone to do something or to work harder. They can be rewards or benefits given to motivate people.

• Prize money (noun): Prize money is the amount of money awarded as a prize for winning a competition or contest. It's the cash reward given to the winners as recognition for their achievement.

• National pride: National pride is the feeling of love, loyalty, and devotion toward one's country. Athletes can feel national pride when competing against opponents from other countries.

• Sponsorship (noun): a company that provides financial support to an athlete in exchange for some form of advertising or promotion.

• Vibrancy (noun): Vibrancy refers to a lively and energetic quality. It's the state of being full of life, vitality, and enthusiasm.

• A grand (noun): a thousand (1,000).

Source: Behind the news YouTube channel.

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