Canadians to be paid for winning Olympic Medals
In this article it talks about how Canadian athletes are going to be paid if they win an Olympic medal. Athletes will receive 10,000 dollars minimum per medal, and a highest amount of money, if they get a higher ranking medal. Like for a bronze they will get 10,000, for silver 15,000, and for medals the highest amount that is 20,000 dollars. This salary program is also a way to compensate high performance of athletes. The Canadian athletes will be paid the same, in all spots of the Olympics and also if it’s team or individual they are competing. “If you want me to go and compete with the world’s best, then I’ve got to be able to train like the worlds best(…)I don’t think I should have to live in poverty in order to accomplish my goals.”
The article's link is http://www.cbc.ca/sports/amateur/story/2007/11/19/canadian-medals.html
By: Francisco Burneo
Sponsorship vs Medals and Economy
Most olympic athletes don’t have a direct source of income. The only income most athletes get is from sponsorship but that is only if you are an important competitor. For example Michael Phelps earns around 1 million dollars in sponsorship but he is a very famous athlete. The US paid their olympians around 20,000 for gold medal 15,000 for silver and 10,000 for bronze. Russia is also going to start to pay their olympic athletes.
Olympic athletes work hard training to prepare for the olympics. Traditionally athletes don't get paid as much or don't even get paid as much as professional athletes do. As the athletes spend most of their time training they don't have another job as a source of income. Some of them don't have time to learn because of training and spend most of their money on training.
http://www.moneyunder30.com/how-much-do-olympic-athletes-earn-unless-youre-michael-phelps-not-enough
www.prnewswire.com/news-releases/pelosi-remarks-at-press-availability-with-us-olympic-and-paralympic-athletes-91750819.html
By: Pablo Riofrio
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