In a historic move, World Athletics has announced a groundbreaking decision to introduce prize money at this summer’s Olympics, setting aside a substantial $2.4 million to reward gold medallists across 48 events. Track and field athletes who clinch the top spot in their respective events at the upcoming Paris Olympics will be awarded $50,000 US each.
Under this new initiative, relay teams will divide the $50,000 prize among their members. While payments for silver and bronze medallists are slated to commence from the 2028 Olympics in Los Angeles, the focus for now is squarely on elevating the prestige of Olympic gold.
The decision has garnered widespread support from sporting bodies worldwide, including the Jamaica Olympic Association (JOA) and the Jamaica Athletics Administrative Association. Both organizations view this move as a pivotal step in incentivizing and attracting more individuals to the sport.
President Christopher Samuda of the JOA expressed full backing for World Athletics’ progressive stance, emphasizing the potential to inspire a new generation of athletes. Similarly, First Vice-President Ian Forbes of the Jamaica Athletics Administrative Association lauded the decision as a significant motivator for athletes and a catalyst for broader engagement with track and field.
World Athletics President Sebastian Coe highlighted the immense efforts of track and field athletes, whose performances command vast audiences during the Olympics. Coe underscored the importance of recognizing these athletes’ contributions, acknowledging their role in drawing billions of viewers to Olympic broadcasts worldwide.
As preparations for the Paris Olympics gain momentum, the introduction of prize money represents a transformative moment for track and field, promising to enhance the allure and prestige of the sport on the grandest stage of all.
