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(New Europe)   So how much is a gold medal really worth to an athlete who wins one in Sochi? Well, it turns out you would be better off being Kazakhstani than American or Canadian   (neurope.eu) divider line 42
    More: Ironic, Sochi, Canadians  
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8037 clicks; posted to Main » on 12 Feb 2014 at 9:00 AM (33 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-02-12 09:04:42 AM
I'd argue the contrary: endorsement contracts would outpay just about any national reward, and those tend to be pretty lucrative in the US.
 
2014-02-12 09:06:27 AM
And how much from being a celebrity who can now whore out to advertisers?

I was actually hoping for some analysis of that. On average, how much do gold medalists make off their name and likeness?
 
2014-02-12 09:07:23 AM
I'm fine with countries giving athletes grants for training to encourage participation in the Olympics, but cash rewards for medals are bullshiat. They go against the entire idea of the Games.
 
2014-02-12 09:11:42 AM
My country send me to United States to make movie-film. Please, come and see my film. If it not success, I will be execute.
 
2014-02-12 09:22:59 AM

rzrwiresunrise: endorsement contracts would outpay just about any national reward, and those tend to be pretty lucrative in the US.


That's not just a US thing either.  When I was in Denmark, I met Fie Udby Erichsen (2012 Single Sculls silver medalist) while out to dinner.  She had her medal in her purse because she had just come from "shooting another commercial".  But she was also still in school getting a doctorate in medicine (I think, this was 2 years ago).  She said she had no plans of going to another olympics.

/CSB

I tried to find Michael Phelps net worth before and after the 2012 Olympic games.  I could not, but he's worth $55mil now.
 
2014-02-12 09:30:28 AM
I guess that the value of a Sochi Gold Medal depends on how much Chinese Lead is in them.
 
2014-02-12 09:31:10 AM
Wait, they get paid for getting gold?
That seems kind of... unsportsmanly.

Huh.
 
2014-02-12 09:33:47 AM

Z-clipped: I'm fine with countries giving athletes grants for training to encourage participation in the Olympics, but cash rewards for medals are bullshiat. They go against the entire idea of the Games.


You're not getting paid for the Olympics until after you've won a medal. So you're still an amateur until that point.

The idea of someone remaining an amateur after they've proven themselves to be one of the 3 best athletes IN THE WORLD, for a given sport is patently absurd.

You have ascended to the next level once you stand on that podium. Stop hatin'.
 
2014-02-12 09:35:08 AM
Let's rephrase the issue this way:

"How much would someone have to pay you to make you decide you are better off being Kazakhstani than American or Canadian?"
 
2014-02-12 09:37:13 AM
Endorsement deals will only last so long. If an athlete is smart they can parley that into a post olympic career, like Bruce Jenner...........nevermind.
 
2014-02-12 09:47:20 AM
No, you'd still be in Kazakhstan.
 
2014-02-12 09:50:39 AM
The absolutley only reason im watching the olimpics is waiting for the borat national anthem of Kazakhstan played during a medals ceramony.
 
2014-02-12 09:55:55 AM
My retarded cousin Bilo, he hammer at Sochi.
 
2014-02-12 09:56:35 AM

Pangea: Z-clipped: I'm fine with countries giving athletes grants for training to encourage participation in the Olympics, but cash rewards for medals are bullshiat. They go against the entire idea of the Games.

You're not getting paid for the Olympics until after you've won a medal. So you're still an amateur until that point.

The idea of someone remaining an amateur after they've proven themselves to be one of the 3 best athletes IN THE WORLD, for a given sport is patently absurd.

You have ascended to the next level once you stand on that podium. Stop hatin'.


The amateur thing is no longer a rule for competing in the Olympics and has not been for a while.
 
2014-02-12 10:10:34 AM

palelizard: No, you'd still be in Kazakhstan.


Not if their president gets his way.  It seems he thinks the "-stan" suffix gives people a bad impression of his country.  He doesn't want to be associated with all those other stans.

He's thinking something like 'Kazakh Ali,' meaning "the Land of the Kazakhs,"

 http://world.time.com/2014/02/07/kazakhstan-name-change
 
2014-02-12 10:12:26 AM

DigitalCoffee: I guess that the value of a Sochi Gold Medal depends on how much Chinese Lead is in them.


And we're done, by which I mean poisoned.
 
2014-02-12 10:18:36 AM

Z-clipped: I'm fine with countries giving athletes grants for training to encourage participation in the Olympics, but cash rewards for medals are bullshiat. They go against the entire idea of the Games.


It does go against the entire ideal of the Olympics, which is amateurism. According to that ideal, only folks who are independently wealthy should compete in sports. 'Mechanical men' (or manual laborers - those who work with their hands) are not part of the club. It is for the rich, not those dirty cheating masses. So yeah, uh, fark the Olympic ideal
 
2014-02-12 10:34:51 AM
FTA: "...while Sidney Crosby will only get $18,000 if the Canadian men's hockey team wins gold."

Doesn't he make that in like one game for the Pens?
 
2014-02-12 10:36:04 AM
I've heard in the past that, at least in the US, the winners also have to pay tax of that award money and also for the value of the medal.  That's kind of crappy I think.
 
2014-02-12 10:36:34 AM

Nine Hundred and Eight: Pangea: Z-clipped: I'm fine with countries giving athletes grants for training to encourage participation in the Olympics, but cash rewards for medals are bullshiat. They go against the entire idea of the Games.

You're not getting paid for the Olympics until after you've won a medal. So you're still an amateur until that point.

The idea of someone remaining an amateur after they've proven themselves to be one of the 3 best athletes IN THE WORLD, for a given sport is patently absurd.

You have ascended to the next level once you stand on that podium. Stop hatin'.

The amateur thing is no longer a rule for competing in the Olympics and has not been for a while.


It's not so much about amatueurism. It's about pushing the boundaries of human physical achievement, for its own sake. I think that a goal that noble (for lack of a better word) is cheapened by dangling a monetary carrot in front of it.

Like I said, paying people to train and compete? Fine with me. Athletes need to eat. But paying them to win as if the respect and recognition of their being the fastest, strongest, most-skilled etc. human in the world isn't reward enough? Lame.
 
2014-02-12 10:38:26 AM

AliceBToklasLives: Z-clipped: I'm fine with countries giving athletes grants for training to encourage participation in the Olympics, but cash rewards for medals are bullshiat. They go against the entire idea of the Games.

It does go against the entire ideal of the Olympics, which is amateurism. According to that ideal, only folks who are independently wealthy should compete in sports. 'Mechanical men' (or manual laborers - those who work with their hands) are not part of the club. It is for the rich, not those dirty cheating masses. So yeah, uh, fark the Olympic ideal


See my above comment.
 
2014-02-12 10:52:34 AM

Z-clipped: I'm fine with countries giving athletes grants for training to encourage participation in the Olympics, but cash rewards for medals are bullshiat. They go against the entire idea of the Games.


How do they go against the entire idea of maximum return for sponsors?  The sponsors aren't paying the rewards.
 
2014-02-12 10:57:01 AM

DarkVader: Z-clipped: I'm fine with countries giving athletes grants for training to encourage participation in the Olympics, but cash rewards for medals are bullshiat. They go against the entire idea of the Games.

How do they go against the entire idea of maximum return for sponsors?  The sponsors aren't paying the rewards.


I guess I'm a bit of an idealist when it comes to athletics. Comes from being an athlete.
 
2014-02-12 11:00:29 AM
FTA: Britain, Norway, Croatia and Sweden are among the countries offer no prize for bringing home a medal.


masonprof.x10.mx
 
2014-02-12 11:14:47 AM

SeaMan Stainz: The absolutley only reason im watching the olimpics is waiting for the borat national anthem of Kazakhstan played during a medals ceramony.


pbs.twimg.com
Great success!
 
2014-02-12 11:30:28 AM
static3.wikia.nocookie.net

Time for the Robonia national anthem.

♪Hail hail Robonia, a land I didn't make up.♫
 
2014-02-12 11:44:56 AM
FTA:

So how much is a gold medal really worth to the athlete who wins one in Sochi? It turns out that it depends on where you're from

James Bond fans have known that for over half a century.
3.bp.blogspot.com
 
2014-02-12 11:46:45 AM

TonnageVT: FTA: "...while Sidney Crosby will only get $18,000 if the Canadian men's hockey team wins gold."

Doesn't he make that in like one game for the Pens?


I've seen his salary reported at between 7.5 and 8.7 million a year from the Pens alone. So divide that by 82 regular season games and he's making in the neighborhood of $100,000.00 per game. With endorsement deals it's closer to 13 mil a year.
 
2014-02-12 12:17:18 PM
But they do it for the love of sport.
 
2014-02-12 12:45:09 PM

Z-clipped: DarkVader: Z-clipped: I'm fine with countries giving athletes grants for training to encourage participation in the Olympics, but cash rewards for medals are bullshiat. They go against the entire idea of the Games.

How do they go against the entire idea of maximum return for sponsors?  The sponsors aren't paying the rewards.

I guess I'm a bit of an idealist when it comes to athletics. Comes from being an athlete.


The olympics aren't athletics.  They're a product promotional event, designed to make money.
 
2014-02-12 12:49:41 PM

Z-clipped: AliceBToklasLives: Z-clipped: I'm fine with countries giving athletes grants for training to encourage participation in the Olympics, but cash rewards for medals are bullshiat. They go against the entire idea of the Games.

It does go against the entire ideal of the Olympics, which is amateurism. According to that ideal, only folks who are independently wealthy should compete in sports. 'Mechanical men' (or manual laborers - those who work with their hands) are not part of the club. It is for the rich, not those dirty cheating masses. So yeah, uh, fark the Olympic ideal

See my above comment.


Meh. The ideal is still elitist. Success should be rewarded financially, esp. by capitalist societies.
 
2014-02-12 12:55:11 PM
American IRS .. all they lack is Lubyanka ..
 
2014-02-12 01:24:24 PM

Prime: And how much from being a celebrity who can now whore out to advertisers?

I was actually hoping for some analysis of that. On average, how much do gold medalists make off their name and likeness?


I have absolutely no idea but I would bet for most of the games it's a lot less than 250,000$.

The celebrity is actually probably worth a lot more in those countries for the lesser known games also.
 
2014-02-12 01:34:48 PM

IRQ12: Prime: And how much from being a celebrity who can now whore out to advertisers?

I was actually hoping for some analysis of that. On average, how much do gold medalists make off their name and likeness?

I have absolutely no idea but I would bet for most of the games it's a lot less than 250,000$.

The celebrity is actually probably worth a lot more in those countries for the lesser known games also.


http://leadingcompany.smartcompany.com.au/wealth/sochis-millionaires -t he-richest-competitors-at-the-2014-winter-olympics/201402105088

It works out really well for the best, but I imagine there is good pay in other competitions and sponsorships.
 
2014-02-12 02:04:15 PM
Not to rub it in or anything, but we both have multiple athletes in every single event and paying a quarter million to each one who medals would bankrupt the program. Canada and the US do really well at these things and all those bronzes really start to add up by the end. Kazakhstan and Latvia can promise whatever they want, but it's highly unlikely they'll have to pay up. Might as well throw in the Brooklyn Bridge and Moon.
 
2014-02-12 02:08:28 PM

Doc Batarang: Not to rub it in or anything, but we both have multiple athletes in every single event and paying a quarter million to each one who medals would bankrupt the program. Canada and the US do really well at these things and all those bronzes really start to add up by the end. Kazakhstan and Latvia can promise whatever they want, but it's highly unlikely they'll have to pay up. Might as well throw in the Brooklyn Bridge and Moon.


This.
 
2014-02-12 02:22:09 PM

haterade: IRQ12: Prime: And how much from being a celebrity who can now whore out to advertisers?

I was actually hoping for some analysis of that. On average, how much do gold medalists make off their name and likeness?

I have absolutely no idea but I would bet for most of the games it's a lot less than 250,000$.

The celebrity is actually probably worth a lot more in those countries for the lesser known games also.

http://leadingcompany.smartcompany.com.au/wealth/sochis-millionaires -t he-richest-competitors-at-the-2014-winter-olympics/201402105088

It works out really well for the best, but I imagine there is good pay in other competitions and sponsorships.


That was my point.  I am sure a gold medalist in curling would enjoy a lot more celebrity/wealth (relatively speaking) in Latvia than Germany.
 
2014-02-12 02:39:59 PM

TonnageVT: FTA: "...while Sidney Crosby will only get $18,000 if the Canadian men's hockey team wins gold."

Doesn't he make that in like one game for the Pens?


Not sure about Sochi...but any money earned by the men's team for winning in 2010 was donated back to Sport Canada.
 
2014-02-12 02:56:21 PM
When a country with no chance to win a gold medal offers a lot of prize money, that doesn't really mean much.
 
2014-02-12 03:02:57 PM

AliceBToklasLives: Z-clipped: AliceBToklasLives: Z-clipped: I'm fine with countries giving athletes grants for training to encourage participation in the Olympics, but cash rewards for medals are bullshiat. They go against the entire idea of the Games.

It does go against the entire ideal of the Olympics, which is amateurism. According to that ideal, only folks who are independently wealthy should compete in sports. 'Mechanical men' (or manual laborers - those who work with their hands) are not part of the club. It is for the rich, not those dirty cheating masses. So yeah, uh, fark the Olympic ideal

See my above comment.

Meh. The ideal is still elitist. Success should be rewarded financially, esp. by capitalist societies.


First of all, there's no such thing as a "capitalist society". Capitalism is an economic system, not a social one. Second, the US is not a capitalist economy except in the minds of some deluded folks. Third, the idea of a government "rewarding" athletes for success in the Olympics is completely antithetical to capitalism. My suggestion (paying for participation) is far more in line with capitalist policy than what you're suggesting.
 
2014-02-12 03:59:57 PM

stuffy: But they do it for the love of sport.


Actually, I've heard they do it for the incredibly hot sex with perfect physical specimens.
 
2014-02-12 11:32:44 PM

Z-clipped: AliceBToklasLives: Z-clipped: AliceBToklasLives: Z-clipped: I'm fine with countries giving athletes grants for training to encourage participation in the Olympics, but cash rewards for medals are bullshiat. They go against the entire idea of the Games.

It does go against the entire ideal of the Olympics, which is amateurism. According to that ideal, only folks who are independently wealthy should compete in sports. 'Mechanical men' (or manual laborers - those who work with their hands) are not part of the club. It is for the rich, not those dirty cheating masses. So yeah, uh, fark the Olympic ideal

See my above comment.

Meh. The ideal is still elitist. Success should be rewarded financially, esp. by capitalist societies.

First of all, there's no such thing as a "capitalist society". Capitalism is an economic system, not a social one. Second, the US is not a capitalist economy except in the minds of some deluded folks. Third, the idea of a government "rewarding" athletes for success in the Olympics is completely antithetical to capitalism. My suggestion (paying for participation) is far more in line with capitalist policy than what you're suggesting.


I'll set aside the thorny question about the US having a capitalistic economy, but:

1 - Is it really possible to separate an economic system from the society that employs said system? I would argue that the economy and how it is organized central to any society, central enough to identify that society with said economic system.

2 - my real point is that success ought to be rewarded (not just the desire to succeed, i.e, training). How to reward? With what our society values most: money.
 
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