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Canadian athletes are being severely underpaid at the Olympics

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Daniel Lucente
July 31, 2024  (6:17 PM)
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Team Canada Olympians hold their medals
Photo credit: CBC

The cash prizes that athletes receive when they win a medal at the Olympics has been revealed, and Canadian athletes are severely underpaid.

An article in the French newspaper "Journal de Montreal" has just revealed exactly how much every athlete gets from different countries for winning a medal, and there are some incredible differences between countries. Unfortunately for Canadian athletes, they are being heavily underpaid.

"Olympic medals don't hold the same value for all athletes. Since no cash prize is associated with the medals, it's the countries that decide to reward�or not�their athletes. They also determine the size of the prize."

- Sarah-Florence Benjamin

Each country decides how much to pay their athletes for having competed and winning a medal at the Olympics. Below you will see just how little Canadian athletes are receiving at the 2024 Paris games.

CANADA

Gold medal: $20,000
Silver medal: $15,000
Bronze medal: $10,000

FRANCE

Gold medal: $119,837 CAD
Silver medal: $59,918 CAD
Bronze medal: $29,959 CAD

UNITED STATES

Gold medal: $51,667 CAD
Silver medal: $31,000 CAD
Bronze medal: $20,667 CAD

HONG KONG

Gold medal: $1,060,858 CAD
Silver medal: $530,429 CAD
Bronze medal: $265,215 CAD
4th: $132,607 CAD
5th: $66,304 CAD

SINGAPORE

Gold medal: $1,028,195 CAD
Silver medal: $514,098 CAD
Bronze medal: $257,049 CAD

UNITED KINGDOM, SWEDEN, AND NORWAY

These countries offer no cash prize to their medalists.

KAZAKHSTAN

Gold medal: $13,110 and a three-room apartment
Silver medal: $8,740 and a two-room apartment
Bronze medal: $4,370 and a one-room apartment

Athletes in Malaysia and Morocco earn $300,000 CAD for a gold medal, and Italians get $270,000 CAD for that same achievement.

Wow just $37,500 (all figures USD) as a monetary award to win a gold medal for the U.S. in the Olympics compared to Singapore where you earn $737,000 to win a gold medal or Taiwan at $716,000.

U.S needs to figure out a way to increase the monetary award for a gold medal.

#Olympics #olympics2024 #olympicgames

Many athletes are receiving over $100,000 CAD for winning medals from their countries, yet Canadian athletes are one of the lowest paid in the world, and can only max out at $20,000 CAD. The Canadian government needs to step up and devote more funds to these hard working athletes. Enough is enough.

Source: HabsFanaticsThe exact salary that comes with a medal at the 2024 Olympic Games is revealed

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Canadian athletes are being severely underpaid at the Olympics

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