Athletes to get US$10,000 for each gold medal won at Rio Olympics

Wednesday, October 12, 2016

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KINGSTON, Jamaica – Jamaican athletes who participated in the Rio Summer Olympics this year will receive cash awards of between US$10,000 (J$1.3 million) and US$2,500 (J$325,000), among other incentives for their performances.
The athletes will receive US$10,000 for each gold medal ranging down to US$2,500 for those who failed to make the finals.
Number one sprinter Usain Bolt will collect US$30,000 or approximately J$4 million for his three gold medals.
This was stated this afternoon by Jamaica's Minister of Sport, Olivia "Babsy" Grange, as she announced plans for Jamaica's annual national heritage week and heroes day celebrations which begin this weekend.
Grange also announced plans for the commissioning of statues to commemorate the achievements of four of the athletes, including the fastest man in the world, Usain Bolt, who has won gold medals in the 100 metres, 200 metres and 4x100 metres relay for the past three Summer Olympics.
The others are top female sprinter Shelly-Ann Fraser-Pryce, her predecessor Veronica Campbell-Brown and former sprint champion Asafa Powell.
Grange said that the construction of the statues will start this year on a phased basis, starting with those of Bolt and Fraser-Pryce. They should be completed by next August when Jamaica celebrates 55 years of independence from Britain.
Grange said that there are other ideas being considered, which are being reviewed prior to an announcement.
Balford Henry




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