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They receive no money from the Olympics. However a win will certainly lead to some sort of endorsement deal with advertisers. The only consideration they receive is the medal. If you consider the value of the gold medal as "payment", it is worth something, but not much.
The gold medal is not solid gold. The value of a gold medal, made according to Olympic Charter specifications, which contains 6 grams of gold with the rest being silver is about 500 to 600 US dollars depending on the market prices of gold and silver.
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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.
Does the IOC pay Olympic medal winners money?
No, the IOC does not pay medal winners.
Is the money paid olympic winners get paid taxed?
In the United States, money paid to Olympic medal winners is taxable. Other countries' laws may vary.
Do olympic medal winners with multiple medals awarded money per medal or is it one award?
i think they are awarded for each medal... i think they are awarded for each medal...
Do USA olympic winners receive free college or any other benefit?
not in a million years will a Olympic win cash money
How much do Olympic gold medal winners get paid?
Payment for winning Olympic medals varies by country. Some do not pay any money at all. The United States Olympic Committee pays its medal winners $25,000 to gold medal winners, $15,000 to those who take home a silver and $10,000 for a bronze. Some of the richer U.S. sport federations give additional prize money to their winners as well. There are many appearances and endorsement deals that generally follow a gold medal winner. See related links for more information.
Us olympic winners get money?
Yes, they receive a bonus from the USOC (United States Olympic Committee). I believe that a Gold medal winner receives $25,000; Silver is $15,000; Bronze is $10,000. Does Michael Phelps get paid for all of his medals? I don't know.
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.
Do us olympic winners get money?
probably do
Do you get any money if you win a gold medal at the Olympics?
Payment for winning Olympic medals varies by country. The United States Olympic Committee pays its medal winners $25,000 to gold medal winners, $15,000 to those who take home a silver and $10,000 for a bronze. Some of the richer U.S. sport federations give additional prize money to their winners as well. There are many appearances and endorsement deals that generally follow a gold medal winner. See related links for more information.
Does gold medal winners get money for winning at the Olympia games?
For Canadians there has been a set up , a fund of which is called Athlete Excellence Fund that was created by the Canadian Olympic Committee. Canadian athletes will receive a $20,000 dollar monetary compensation for any gold medal won at the Olympics games , in the future (including Beijing). Silver winners will be compensated $15,000 dollars per medal; and bronze winners will earn $10,000 dollars.
Do the Golden Globes award money to the winners?
The Golden Globe winners do receive money, and their trophies.
