The Association of Summer Olympic International Federations, the organization that represents all 28 sports on the 2016 Rio Olympic Program, is giving swimming one of the highest revenue distributions out of any sport.
Both FINA (the governing body for swimming) and FIG (the governing body for gymnastics) are set up to receive a 28 per cent increase over the next Olympic quadrennium, unlike what they’ve received in the post-London period.
The ASOIF is estimating that the total amount distributed amongst the sport organizations by the International Olympic Committee will be $550 million. In 2012, $515 million was given out, but with the addition of golf and rugby sevens in the Olympic schedule, more money has to be accounted for.
Athletics still sits on the top of the receiving end with $40 million coming their way, however that is a drop from previous years. They’re getting 11.5 per cent less of the total.
Swimming and Gymnastics are both tied for receiving the second most with $32 million each. This was a 28 per cent increase from 2012. Swimming and Gymnastics beat out third tier sports basketball, cycling, soccer, tennis, and volleyball.
| Sport | Revenue allocation | Change from prior quadrennium |
| Athletics | $40 million | (-) 11.5 per cent |
| Gymnastics and swimming | $32 million each | (+) 28 per cent |
| Basketball, cycling, football, tennis and volleyball | $25 million each | No change |
| Rowing | $17.7 million | No change |
| Archery, badminton, boxing, judo, shooting, table tennis and weightlifting | $17.7 million | (+) 15.7 per cent |
| Equestrian, handball and hockey | $15.3 million | (-) 13.5 per cent |
| Canoeing, fencing, sailing, taekwondo, triathlon and wrestling | $15.3 million | No change |
| Modern pentathlon | $13 million | (-) 15 per cent |
| Golf and rugby sevens | $13 million | N/A |
| ASOIF | $2.8 million | |
| Total | $550 million |
Gymnastics ?!??!??
Well, didn’t see that one coming.
Who gets that money and what do they use it for?