Retiring Australian Olympians Will Not Receive Tokyo Podium Bonus

The Australian Olympic Committee (AOC) has confirmed that retiring Olympic athletes will not receive a podium bonus for performances at the 2020 Olympic Games.

Through the AOC‘s Medal Incentive Funding (MIF) program, gold medalists are typically paid $20,000, while athletes earn $15,000 for silver and $10,00 for bronze.

However, the funds are specified as ‘incentivizing athletes to continue training, with the goal of representing Australia at the next Olympic Games.’ As such, Tokyo Olympic medalists will only receive a payment from the AOC if they continue training and do not retire.

“Athletes must maintain appropriate training regimes with the intention of gaining national selection in the following year in order to receive the payment, says the AOC.” (Fox Sports)

Paralympians are excluded from this caveat, however.

“Every Australian Paralympian who received a medal for their performance at the Tokyo Games will receive a bonus payment,” sports minister Richard Colbeck said. “This includes any athlete who is planning to retire.” (Fox Sports)

Additionally of note, athletes who win multiple medals will only be rewarded once, based on their best result. For instance, mega-winner Emma McKeon took home four gold medals and three bronze medals, but will only receive one payment of $20,000.

You can review our post on Olympic medal payouts per nation here.

In This Story

40
Leave a Reply

Subscribe
Notify of
40 Comments
oldest
newest most voted
Inline Feedbacks
View all comments
BairnOwl
9 days ago

Wow, Australia literally has the worst medal payouts. $20k for 4 gold and 3 bronze medals is pitiful.

SwimmerFan99
Reply to  BairnOwl
9 days ago

Is that in Australian dollars too? If so, that currently amounts to $14,711 USD.

Chineeese boy
Reply to  BairnOwl
8 days ago

That’s Joseph Schooling daily payement

Deepblue
9 days ago

Australia treats their athletes like superheroes the year leading up to the Olympics, and prisoners for the months afterwards.

commonwombat
Reply to  Deepblue
9 days ago

Sorry to rain on your parade but rather its the case that they are irrelevant to the average Australian with most barely capable of naming any more than 5-6 swimmers. Beyond the small coterie of actual swim fans; swimming is a long way behind all of the major domestic sporting leagues when it comes to media attention and public profile other than for maybe 2 weeks every 4 (in this case 5) years.

The quarantine was tough but that’s been the case for all international entries ………. and the 2 largest cities in the country have been in lockdown for the past couple of months. They’re not being treated any different to anyone else.

If this “line” re medal bonuses… Read more »

Robbos
Reply to  commonwombat
8 days ago

Not sure all the downvotes, but very true, we have similar to the US, 2 football (mono culture) codes in AFL in 4 states & NRL (2 states) that dominate our sporting media.
AFL is only played & followed in Australia & NRL is really only big in Australia, but 2 other countries do play this game.

CY~
9 days ago

Wtf is Australia doing?

bob
Reply to  CY~
9 days ago

This seems so unfair.Is it common in other countries?

CY~
Reply to  bob
9 days ago

Never heard of such a thing till today

Spectatorn
9 days ago

I thought South Africa withholding payout was bad… I have seen nothing! Is this not a new form of slavery or what? This is why we need professional league for swimmers to not be financially dependent on these federation or Olympics.

And it is not like it is even a good amount of money or proportion to results!!! What a shame!

StuartC
9 days ago

One word! PATHETIC!!

Corn Pop
9 days ago

They need to be airlifted out . Immediately .Who knows what their future will be under the AOC .

Last edited 9 days ago by Corn Pop
DJTrockstoYMCA
9 days ago

Swimming is boring compared to rugby, soccer (football), netball, volleyball and basketball. Stop yer whining, take the pittance and train another 4 years.

Virtus
Reply to  DJTrockstoYMCA
9 days ago

Tf is netball 💀

Andysup
Reply to  Virtus
9 days ago

Basketball without the back board

Analytics Nerd
Reply to  DJTrockstoYMCA
9 days ago

You know what website your on, right???

Daaaave
9 days ago

What’s to prevent someone from “unretiring” to “keep training” with a local masters team a few days per week doing social kicks and the like? Show up to a couple sanctioned meets for some 50s and autograph sessions. Worth a few grand, surely.

bob
Reply to  Daaaave
9 days ago

I know a lot of Aussies.They,re very proud of their olympians especially their swimmers.This seems like a disgusting way to treat athletes who train so hard and give up so much.Shame on the boneheads who thought this one up.

CraigH
Reply to  Daaaave
9 days ago

Makes it sound like the swimmer needs to qualify for the National Team the following year in order to keep the Bonus.

About Retta Race

Retta Race

Swim analyst, businesswoman.

Read More »