The governing body of athletics said it was setting aside $2.4 million to pay the gold medalists across the 48 events on the track and field program.PARIS, France — Track 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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