Prize money SA athletes get for winning gold, silver and bronze at the Olympics

Being a professional athlete takes years of dedication and hard work. Often, it can be thankless and because it doesn’t attract sponsorships as big of some of South Africa’s main sports, earning a living wage can be a struggle.

For those who make to the Olympics, though, there’s some good money on offer if they can win a medal.

Individual athletes are rewarded R500 000 for a gold medal, R250 000 for silver and R100 000 for bronze at both the Olympics (August 5-21) and Paralympics (September 7-18).

The athlete doesn’t get all of that cash, though, it’s split with their coach. The gold medal prize is split R400 000 and R100 000, the silver R200 000 and R50 000 and the bronze is split R80 000 and R20 000. Bad luck if you’re a team that won a medal, like the Blitzboks and the men’s rowing pair did, that prize money has to be split equally amongst the players.

The prize money for a gold medal isn’t quite as lucrative as some other countries, but it’s still decent and it’s more than what the USA, Germany, Canada and Australia offers their gold medallists.

Source : The South African

 

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