This content is included in your SPKN Membership
United States Tops Olympic Medal List But is Third to China and Russia In Bonus Payouts
Study Details
- Authors
- Chris Smith
- Published
- 08/13/2012
- Citation
- Smith, Chris. 2012. United States tops Olympic medal list, but is third to China and Russia in bonus payouts. Forbes.com (August 13): http://www.forbes.com/sites/chrissmith/2012/08/13/united-states-olympic-committee-to-pay-5-million-in-medal-bonuses/
I wrote recently about the rich medal bonuses that the Olympics’ top athletes stand to earn for their performances, and I noted that the United States’ medal bonuses – $25,000 for gold, $15,000 for silver and $10,000 for bronze – are well below those handed out by nations like Russia and Italy. But maybe the lower payout makes sense in terms of fiscal responsibility: the United States led all nations with 104 medals at the 2012 London Olympics, 46 of which are gold.