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Mike Doyle

How Much Is That Sochi Gold Medal Worth?

By February 12, 2014

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A lot has changed in Olympic politics since then International Olympic Committee President Avery Brundage banned the superstar Austrian ski racer Karl Schranz from competing in the 1972 Winter Olympics. Schranz admitted taking money from ski sponsors and Brundage ruled he was a 'professional' and ineligible to compete as an amateur.

How much has it changed? In a story for the International Sports Press Association (AIPS), AIPS Young Reporters - Maria Pia Beltran, Italy and Sonja Nikcevic, Serbia have compiled a list of how much cash individual countries award their Olympic medal winners. That's right - Cash awards - and its no secret.

Here's some of what Pia Beltran and Nikcevic researched for the cash awards converted to U.S. Dollars (USD).

Kazakhstan pays the top:

  • Gold: 250,000 USD
  • Silver: 150,000 USD
  • Bronze: 75,000 USD

Netherlands is about in the the middle paying:

  • Gold: 41,000 USD
  • Silver: 31,000 USD
  • Bronze: 21,000 USD

The USA pays:

  • Gold: 25,000 USD
  • Silver: 15,000 USD
  • Bronze: 10,000 USD

Note that an Azerbaijani gold medalists is said to receive 510,000 USD, but that wasn't verifiable.

There are some purists left - the Young Reporters found that there is no medal bonus for athletes competing under the flags of UK, Norway, Croatia and Sweden.

More Information: The Gold Medal In Dollars: Kazakhstan Leads

Sochi 2014 Gold Medal Copyright Sochi 2014

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