The Paris 2024 logo, representing the Olympic and Paralympic Games four months prior to the start of the Paris 2024 Olympic and Paralympic games is displayed on the facade of Paris town hall on March 14, 2024 in Paris, France.
rack and field is set to become the first sport to introduce prize money at the Olympics, with World Athletics saying Wednesday it would pay $50,000 to gold medalists in Paris.
World Athletics President Sebastian Coe told reporters that the move is meant"to recognize that the revenue share that we receive is in large part because our athletes are the stars of the show.” The modern Olympics originated as an amateur sports event and the IOC does not award prize money. However, many medalists receive payments from their countries’ governments, national sports bodies or from sponsors.
“It’s a completely different planet from when I was competing, so it's very important that this sport recognizes the change in that landscape and the added pressures on many competitors.”
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