Olympic athletes get paid based on if they win a medal.
For 2008, the payment schedule is:
Gold: $25,000
Silver: $15,000
Bronze: $10,000
(Source: http://teamusa.org/content/index/894)
Also, Michael Phelps had an agreement with his sponsor Speedo in which a $1 million bonus was included if Phelps earns a record seven Olympic gold medals at the 2004 Olympic games in Athens, Greece, or the 2008 Olympics in Beijing, China, which he accomplished.
(Source: http://promomagazine.com/othertactics/marketing_speedo_strikes_endorsement/)
Wiki User
∙ 14y agoMichael Phelps has 23 olympic medals
its 2008 .. Michael Phelps got 8 medals
Michael Phelps has a of 6 bronze medals, 2 of which were from the Olympic games.
Michael Phelps has 17 gold medals so far.
Michael Phelps
Michael Phelps, swimmer, won the most gold medals in Olympic history.
8 medals
8 gold medals
Michael Phelps (22 medals).
how many medals has Michael Phelps got from all of the olmypics
Michael Phelps won 8 gold medals at the 2008 Beijing Olympics in swimming.Events:400m Individual Medley4x100m Freestyle relay200m Freestyle200m Butterfly4x200m Freestyle relay200m Individual Medley100m Butterfly4x100m Medley Relay
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