Track and Field Introducing Prize Money at Olympics with Paris Gold Medalists to Get $50,000

Athlete and Olympics torch bearer Anouk Garnier climbs a 110-meter-long rope launched in the center of the Eiffel Tower square to reach the 2nd floor and to attempt to break the world record for rope climbing, in Paris, France, April 10, 2024. REUTERS/Sarah Meyssonnier
Athlete and Olympics torch bearer Anouk Garnier climbs a 110-meter-long rope launched in the center of the Eiffel Tower square to reach the 2nd floor and to attempt to break the world record for rope climbing, in Paris, France, April 10, 2024. REUTERS/Sarah Meyssonnier
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Track and Field Introducing Prize Money at Olympics with Paris Gold Medalists to Get $50,000

Athlete and Olympics torch bearer Anouk Garnier climbs a 110-meter-long rope launched in the center of the Eiffel Tower square to reach the 2nd floor and to attempt to break the world record for rope climbing, in Paris, France, April 10, 2024. REUTERS/Sarah Meyssonnier
Athlete and Olympics torch bearer Anouk Garnier climbs a 110-meter-long rope launched in the center of the Eiffel Tower square to reach the 2nd floor and to attempt to break the world record for rope climbing, in Paris, France, April 10, 2024. REUTERS/Sarah Meyssonnier

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.

The governing body of athletics said it was setting aside $2.4 million to pay the gold medalists across the 48 events on the track and field program for this year's Paris Olympics. Relay teams will split the $50,000 between their members. Payments for silver and bronze medalists are planned to start from the 2028 Olympics in Los Angeles.

“While it is impossible to put a marketable value on winning an Olympic medal, or on the commitment and focus it takes to even represent your country at an Olympic Games, I think it is important we start somewhere and make sure some of the revenues generated by our athletes at the Olympic Games are directly returned to those who make the Games the global spectacle that it is,” World Athletics President Sebastian Coe said in a statement.

The modern Olympics originated as an amateur sports event and the International Olympic Committee does not award prize money, though many medalists receive payments from their countries' governments, national sports bodies or from sponsors.



South Sudan Give US Huge Scare in Olympic Basketball Warm-up

Basketball - USA Basketball Showcase - United States v Serbia - Etihad Arena, Abu Dhabi, United Arab Emirates - July 17, 2024 LeBron James of the U.S. in action REUTERS/Rula Rouhana/File Photo Purchase Licensing Rights
Basketball - USA Basketball Showcase - United States v Serbia - Etihad Arena, Abu Dhabi, United Arab Emirates - July 17, 2024 LeBron James of the U.S. in action REUTERS/Rula Rouhana/File Photo Purchase Licensing Rights
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South Sudan Give US Huge Scare in Olympic Basketball Warm-up

Basketball - USA Basketball Showcase - United States v Serbia - Etihad Arena, Abu Dhabi, United Arab Emirates - July 17, 2024 LeBron James of the U.S. in action REUTERS/Rula Rouhana/File Photo Purchase Licensing Rights
Basketball - USA Basketball Showcase - United States v Serbia - Etihad Arena, Abu Dhabi, United Arab Emirates - July 17, 2024 LeBron James of the U.S. in action REUTERS/Rula Rouhana/File Photo Purchase Licensing Rights

South Sudan's basketball team came close to stunning the United States' collection of NBA superstars on Saturday before losing 101-100 in an Olympic Games warm-up in London.

The US trailed by 14 points at half-time before LeBron James came to the rescue with 23 points, including the key score with just 20 seconds left.

Anthony Davis added 15 points with 11 rebounds for the US, according to AFP.

For South Sudan, who are ranked 33 in the world, Marial Shayok scored 25 points while Carlik Jones had 15 points, 11 rebounds and 11 assists.

Both sides will meet again in the pool stages of the Paris Olympics which get underway on Friday.