Olympic Medal Bonuses: The Results Might Surprise You 🏅

Community Lounge
1

The highest-paying country this Winter Olympics is Singapore, which awards up to $788,907 USD for a gold medal, and offers similarly large payouts for silver and bronze.

Now let’s look at Canada:

  • Gold: ~$15,000
  • Silver: ~$11,000
  • Bronze: ~$7,000

Among comparable nations, Canada ranks in the bottom three for medal bonuses.

So here’s the real question:

  • Should Olympic athletes receive higher performance bonuses in Canada?
  • Or should funding focus more on long-term training support instead?

Curious to hear your thoughts. :backhand_index_pointing_down:

2

I think what Canada is offering as bonuses is a slap in the face for what these athletes go through to be the best in the world.

We can do a lot better when it comes to recognizing these amazing athletes.

Now you do raise an excellent point about investing in training, and I think that Canada should also invest in long-term training.

Here’s how I would do it:

Gold: $75,000

Silver: $50,000

Bronze: $25,000

On top of this investing in long-term training.

3

Wow, this is very low. Surprised to see Canada in the bottom 3! @Yeni-Neo please tell me these prizes are not taxable! :smiling_face_with_tear:

4

Love your, take @ShadowRaptor. What is even more upsetting is the gap between the top country and ours. Why would someone dedicate their life to a sport if they can’t even be properly rewarded for it on the international level?

5

These are insane numbers! When you look at the amount of money that a olympic athlete will expend to go (between 50-100K) thats a drop in the bucket payout!

6

Canada definitely needs to up its game.

7

Yes, they are taxable in Canada. :smiling_face_with_tear:

8

I totally agree with you. It’s totally unfair to the athletes.

9

Wow, I was not expecting these numbers at all. This is too low.

10

Unbelievable! I was not expecting the numbers to be this low. I was expecting to see about 50k at least.