they receive a 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.
no the medalist do not receive cash prize
There are three prizes given for each event at the Olympics. The winners receive gold medals. The second place finishers receive a silver medal. The third place finishers receive a bronze medal.
In modern Olympic, the first-places winners got gold medal ,the second-places winners got silver medal and the third-places winners got bronce medal. In ancient Olympic, the winner got olive branches.
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.
There are hundreds of Olympic gold medal winners alive as of 2013.
Kanu
No, the IOC does not pay medal winners.
A gold medal
Yes, American Medal winners receive $25,000 for a gold, $15,000 for Silver, and $10,000 for Bronze. Paid by the US Olympic Committee.
Sadly, No But, I'm sure the winner does something for them
Only U.S. Olympic athletes are liable to pay income tax on medals earned and prizes received at the London games. Under U.S. tax law, they must add the value of their Olympic medals and prizes to their taxable income. At today's commodity prices, the value of a gold medal is about $675. A silver medal is worth about $385 while a bronze medal is worth under $5. There are also prizes that accompany each medal: $25,000 for gold, $15,000 for silver, and $10,000 for bronze.