{"id":4997,"date":"2026-06-24T18:06:27","date_gmt":"2026-06-24T18:06:27","guid":{"rendered":"https:\/\/movinginsiderusa.com\/?p=4997"},"modified":"2026-06-24T18:06:27","modified_gmt":"2026-06-24T18:06:27","slug":"olympic-athletes-to-get-cash-grants-from-new-100m-fund-created-by-ioc","status":"publish","type":"post","link":"https:\/\/movinginsiderusa.com\/?p=4997","title":{"rendered":"Olympic athletes to get cash grants from new $100M fund created by IOC"},"content":{"rendered":"
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\"\"<\/figure>\n\n
International Olympic Committee (IOC) President Kirsty Coventry, speaks during the 146th Session of the International Olympic Committee (IOC) at the SwissTech Convention Centre, in Lausanne, Switzerland, Wednesday, June 24, 2026. (Cyril Zingaro\/Keystone via AP)<\/figcaption>\n<\/figure>\n

LAUSANNE, Switzerland \u2014 It\u2019s not Olympic prize money officially, but it is a significant amount of cash going directly to athletes after a Summer or Winter Games.<\/p>

Read more In visit to Capitol, Jessie Diggins and other Olympians push for climate change solutions<\/a><\/p>\n

The International Olympic Committee pledged Wednesday to pay up to $140 million to athletes through the 2028 Los Angeles Summer Games by creating a fund for $10,000 grants for which they can apply after competing.<\/p>\n

The IOC\u2019s cash commitment came after growing calls were strongly resisted in recent years to pay prize money at the Olympics, and signaled another policy shift under its president Kirsty Coventry.<\/p>\n

IOC member and former NBA star Pau Gasol announced the project that will first be open to nearly 2,900 athletes who competed at the 2026 Milan Cortina Winter Games<\/a> .<\/p>\n

Around 11,000 athletes due to compete in 2028 at L.A. also can apply for grants totaling about $110 million after those Olympics, if they meet integrity criteria such as not testing positive for doping.<\/p>\n

\u201cThis is a win for all of us,\u201d said Gasol, who represents athletes on the 15-member IOC executive board, adding that it was \u201cnot prize money.\u201d<\/p>\n

The money allocated by the IOC is not dependent on an athlete continuing their career.<\/p>\n

The cash promise was the signature issue of an IOC meeting setting a future strategy under its president Kirsty Coventry exactly one year after she formally took office.<\/p>\n

Gasol said the IOC had heard a consistent message during its strategy review: \u201cAthletes want more direct support throughout their Olympic journey and beyond.\u201d<\/p>\n

The 42-year-old Coventry is a five-time Olympian and two-time swimming gold medalist for Zimbabwe. She was elected as the youngest president, and most recent former athlete, in the IOC\u2019s modern history.<\/p>\n

Paying prize money to Olympic medalists<\/a> was a central policy for one of Coventry\u2019s election opponents, World Athletics leader Sebastian Coe, who oversaw rewarding track and field champions at the 2024 Paris Olympics with $50,000.<\/p>\n

\u201cThis is a historic moment for the movement and I\u2019m absolutely delighted to be in the room when this has been announced,\u201d Coe told his fellow IOC members, praising Coventry\u2019s policy.<\/p>\n

In Los Angeles, World Athletics is adding to its prize fund to pay silver and bronze medalists as well.<\/p>

Read more Lakers will re-sign Austin Reaves to a 4-year, $185 million deal, AP source says<\/a><\/p>\n

Coventry restated two weeks ago her long-held belief that the IOC should not use its Olympic revenues to pay prize money to an elite tier of medalists.<\/p>\n

That question to Coventry at an IOC news conference followed a fierce reaction by some athletes to her comments while on Olympic business in New Zealand last month that prize money would not be paid.<\/p>\n

\u201cThe backlash was a little frustrating,\u201d Coventry acknowledged Wednesday at a news conference, because the policy plan had still been confidential. \u201cIt is not something that just happened over the last few weeks.\u201d<\/p>\n

The IOC already funds a program called \u201cOlympic Solidarity\u201d<\/a> that directs grants worth thousands of dollars to athletes from less-wealthy countries preparing to qualify for and compete at a Summer or Winter Games.<\/p>\n

The Solidarity budget, which also funds team costs, coaches and officials, is worth $650 million for the four-year Olympic cycle that includes Milan Cortina and Los Angeles.<\/p>\n

Gasol, a three-time Olympic medalist for Spain, said applying for the grants will be at an IOC online platform that helps athletes during and after their careers.<\/p>\n

Approved money should be sent to national Olympic committees which oversee teams and competitors. Those NOCs will have to show the money transfers were made directly to athletes, Gasol suggested<\/p>\n

Several dozens of Olympic athletes \u2014 in men\u2019s basketball, soccer and ice hockey, for example \u2014 are already wealthy from their careers but they will still be eligible, Gasol told reporters.<\/p>\n

\u201cThey will decide if they want to apply,\u201d the former L.A. Lakers standout said. \u201cWe want to engage them.\u201d<\/p>\n

The Year One review of Coventry\u2019s presidency has been branded \u201cFit for the Future\u201d to reshape Olympic strategy after 12 years of Thomas Bach\u2019s leadership.<\/p>\n

IOC members also signed off Wednesday on new processes for choosing Olympic hosts<\/a> plus adding or removing sports and events from games programs.<\/p>

Read more They poured fortunes into trying to join Congress \u2014 and usually lost<\/a><\/p>\n

___<\/p>\n

AP Olympics: https:\/\/apnews.com\/hub\/2024-paris-olympic-games<\/a><\/p>","protected":false},"excerpt":{"rendered":"

The International Olympic Committee is to pay more than $100 million to athletes<\/p>\n","protected":false},"author":1,"featured_media":4995,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"yoast_head":"\nOlympic athletes to get cash grants from new $100M fund created by IOC - Moving Insider USA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/movinginsiderusa.com\/?p=4997\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Olympic athletes to get cash grants from new $100M fund created by IOC - Moving Insider USA\" \/>\n<meta property=\"og:description\" content=\"The International Olympic Committee is to pay more than $100 million to athletes\" \/>\n<meta property=\"og:url\" content=\"https:\/\/movinginsiderusa.com\/?p=4997\" \/>\n<meta property=\"og:site_name\" content=\"Moving Insider USA\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-24T18:06:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/movinginsiderusa.com\/wp-content\/uploads\/2026\/06\/587c63b09ecbe443dcb35c976bfd3e60-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1706\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/movinginsiderusa.com\\\/?p=4997#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/movinginsiderusa.com\\\/?p=4997\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/movinginsiderusa.com\\\/#\\\/schema\\\/person\\\/22d40ab81790f6a361021763bb56ef03\"},\"headline\":\"Olympic athletes to get cash grants from new $100M fund created by IOC\",\"datePublished\":\"2026-06-24T18:06:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/movinginsiderusa.com\\\/?p=4997\"},\"wordCount\":768,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/movinginsiderusa.com\\\/?p=4997#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/movinginsiderusa.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/64d038fb9f5b43b88ed0d7343af6dd9c-scaled.jpg\",\"articleSection\":[\"Interesting\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/movinginsiderusa.com\\\/?p=4997#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/movinginsiderusa.com\\\/?p=4997\",\"url\":\"https:\\\/\\\/movinginsiderusa.com\\\/?p=4997\",\"name\":\"Olympic athletes to get cash grants from new $100M fund created by IOC - 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