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Olympic athletes to get cash grants from new $100M fund created by IOC
The grants will be open first to nearly 2,900 Milan-Cortina athletes and later to about 11,000 Los Angeles competitors, officials said.
- On Wednesday, The International Olympic Committee announced a fund offering $10,000 grants to athletes after competing in Summer or Winter Games, with more than $100 million committed to the program.
- President Kirsty Coventry made this cash promise her signature policy issue, advancing it at an IOC meeting exactly one year after she formally took office.
- Former NBA star Pau Gasol, representing athletes on the IOC executive board, introduced the initiative, which debuts with nearly 2,900 athletes from the 2026 Milan Cortina Winter Games.
- Around 11,000 athletes competing at the 2028 Los Angeles Summer Games can apply for grants totaling about $110 million, subject to eligibility criteria including doping tests.
- World Athletics leader Sebastian Coe called it "a historic moment," though Gasol clarified the initiative is "not prize money," addressing growing calls in recent years for Olympic athlete compensation.
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The International Olympic Committee (IOC) has announced a new initiative to support Olympians throughout their sporting careers and beyond. Under its Fit for the Future strategic program, a special fund has been established from which each Olympian will be able to receive a payment of 10,000 US dollars for each Olympic Games they participate in.
·Vilnius, Lithuania
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The pressure on President Kirsty Coventry had recently risen, and now the IOC is paying athletes for their Olympic participation.
·Frankfurt, Germany
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For the first time in its 132-year history, the IOC has involved athletes in its revenue. However, there is a friendly hint for football professionals and tennis millionaires.
·Germany
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Coverage Details
Total News Sources90
Leaning Left26Leaning Right4Center20Last UpdatedBias Distribution52% Left
Bias Distribution
- 52% of the sources lean Left
52% Left
L 52%
C 40%
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