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How much are Olympic athletes paid?

Aug 1, 2024

How much are Olympic athletes paid?

New job with a potential $20,000 bonus just dropped: Olympic athlete. For Canadian athletes at the Olympics, it’s not only a career highlight to compete for their country, but it’s also an opportunity to cash in. While the International Olympic Committee doesn’t pay athletes for winning medals, many countries do offer cash rewards. Through the Canadian Olympic Committee, Canadian athletes get $20,000 for a gold medal, $15,000 for silver, and $10,000 for bronze — whether they’re competing alone or as part of a team — for each medal they earn. It’s a nice chunk of change, but it’s not the biggest prize out there. For example, U.S. gold medallists get ~$52,400, and in Singapore, gold medallists receive about a whopping $1,028,000. But Canada's prize is still better than some countries that reportedly don’t offer anything, like the U.K. On top of these nice bonuses, athletes can land lucrative sponsorship deals, like gold medallist Summer McIntosh with Red Bull. Even some parents of Canadian Olympians have snagged endorsement deals, such as with Molson.

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