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The Beijing Olympics marks the first time Canada's athletes will receive cash for medals. A gold will be worth $20,000, a silver $15,000 and a bronze $10,000. As of Wednesday, no Canadian athlete had cashed in yet. Rumball and Mandoli are hoping they'll qualify for a cheque with a podium performance in the women's eight on Sunday. While both women say they didn't become Olympic athletes for the money, they admit every little bit helps. "We've come to this level for the pure love and joy of the sport," said Rumball, a native of Fredericton. "Anything above that is a bonus. But I think it's excellent for the next generation of athletes that we would have this kind of incentive program." The Canadian Olympic Committee announced last November that it would offer incentives for medals through its Athletes Excellence Fund. The move was part of the organization's decision to concentrate its efforts more toward achieving results at Olympic Games and less on spreading money thinly across a wide range of programs. The COC set a goal to finish atop the medal table at the 2010 Winter Olympics in Vancouver and to be among the top 16 countries in Beijing. Canada won just 12 medals four years ago in Athens - three gold, six silver, and three bronze. Canada is not the first country to offer cash incentives at the Olympics. Several other countries have written cheques - in some cases very hefty ones - to their medallists. An athlete from the Philippines who wins gold in Beijing, for example, will head home with 15 million pesos (C$360,000), while a Russian gold medallist will collect C$50,000 for gold from the government, plus lucrative bonuses from various private sources that could add up to as much as C$500,000 in housing, cars and cash. http://www.tsn.ca/olympics/story/?id=246198&lid=sublink08&lpos=topRelated_olympics
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Do the winners of an Olympic event get a cash prize along with a medal?
The International Olympic Committee does not award cash prizes to the winners. Many countries, however, do offer cash prizes and other incentives to medalists. In 2012, American competitors who won Olympic medals were rewarded in cash by the US Olympic Committee. Gold medal winners received $25,000, Silver medal winners received $15,000, and Bronze medal winners received $10,000. However, the real money is earned through commercial endorsements. Some Olympians get paid a performance bonus from sponsors for winning a medal and may sign commercial endorsements that could wind up paying them millions.
How many Olympic gold medal winners are alive as of 2013?
There are hundreds of Olympic gold medal winners alive as of 2013.
Which player has an olympic gold medal and an fa cup winners medal and a premiership winners medal?
Kanu
Does the IOC pay Olympic medal winners money?
No, the IOC does not pay medal winners.
Who were the 2008 olympic softball medal winners?
Japan
What prizes do the olympic winners receive as well as a gold medal?
they receive a medal
How much money does an athelete get for a gold medal?
Olympic athletes do not get paid for the medals they win. They do not receive pay for participating. U.S. medalists receive cash prizes from the U.S. Olympic committee. Gold medal winners receive $25,000, silver medal winners receive $15,000, and bronze medal winners receive $10,000.
How much do british athletes get paid for winning gold medals?
Olympic athletes are amateurs. They do not get paid. Britain does not award cash to medal winners. Other countries in the UK might award cash to their medal winners.
Olympic Medal winners of Madagascar?
As of the 2008 Games in Beijing, no athlete from Madagascar has ever won an Olympic medal.
Why do Olympic medal winners bite on the medal?
Type your answer here... TO VARIFY ITS REAL GOLD
How much do Australian Olympic medal winners get paid?
2
Do Olympic medal winners pay taxes on their medals?
Yes
