World Athletics, a governing body that manages track and field competitions, set aside money to pay the gold medalists across events in the track and field program for the 2024 Paris Olympics.
Track and field will become the first sport to offer prize money at this summer’s Paris Olympics , with gold medalists receiving $50,000. World Athletics, the governing body that supervises track and field competitions globally, told reporters that it allocated $2.4 million to pay the gold medalists across the 48 men’s, women's, and mixed events on the track and field program for this year's Paris Olympics .
World Athletics President Sebastian Coe told reporters that the move is meant "to recognize that the revenue share that we receive is in large part because our athletes are the stars of the show," the AP noted. According to the AP, the modern Olympics was originally an amateur sporting event, and the IOC does not award prize money. But, many medalists get payments from their countries’ governments, national sports bodies, or sponsors.
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