Track and field becomes first sport to pay prize money at Olympics, $50,000 for gold medal

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.Bay Area Olympic figure skater Alysa Liu making comeback nearly two years after retiring at age 16

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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