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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.

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โˆ™ 2012-08-03 13:50:05
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Olympics

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What does the word Olympic mean

What country first proposed the winter olympic games as separate from the traditional olympic games

How did the athletes prepare for the ancient olympic games

What other events were included in the ancient olympic games after the first ancient olympic games

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Q: Do the winners of an Olympic event get a cash prize along with a medal?
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