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02.07.2015
After the 2016 Summer Olympics are over, Michael Phelps will continue to have a lifetime supply of Under Armour everything, and Simone Biles will still be flipping for Special K® Red Berries. Phelps, the most decorated Olympian of all time, is reportedly worth $55 million (even after losing millions in potential endorsements when a photo of him holding a bong surfaced in 2009 and he was arrested for DUI after the 2012 Summer Olympics).And Biles is making her Olympics debut in Rio having already made a reported $2 million from prize money and endorsements. It also can cost thousands of dollars just to train at that elite level, hence why athletes tend to grab at the opportunity to live full-time at a residential training center, many of which help cover competition entry fees, the price of equipment and other necessities. Headed down to the OTC for a mini training camp before we go to Austin next week for our last meet before Trials!!! On Team USA alone, dozens of athletes have jobs outside of sports, or they're pursuing higher education with an eye on their post-Olympics future. Feeling extremely thankful for my brothers, sisters, coaches, coworkers and friends this morning. Forty years ago, the Games were the sole territory of "amateurs"—or the professionally underpaid. According to a 2014 study by BBC Sports, 35 out of 56 sports listed paid prize money at the world level of competition.
2012 Olympic wrestling gold medalists Jordan Burroughs and Jake Varner each received $250,000 from the Living the Dream Medal Fund, while fellow Team USA members Coleman Scott and Clarissa Chun got $25,000 for winning bronze in their events. Burroughs considered a future as an MMA fighter for financial reasons, UFC being a major sponsor of the wrestling World Championships, but as he prepared for Rio he told Fox Sports that sponsorships and endorsements, including a deal with Hershey's, had allowed him to pursue a second straight Olympic gold medal."I'm doing well financially," the 28-year-old said. According to Bankrate, Phelps is the only true-blue Olympian among the top eight richest athletes competing in Rio, the richest being professional tennis superstar Serena Williams, with a reported net worth of $145 million.So Phelps is in a class, not entirely of his own, but of a unique few who are super-star, super-rich athletes based on their Olympic feats. Most of the athletes competing in the Rio Games are men and women whose names we've never heard before, who play sports that don't get much mainstream coverage when there's no Olympics to tune into. Raheleh Asemani, an Iranian refugee who will compete in tae kwon do for Belgium, is a postwoman in her adopted. To wake up every morning and to know so many people count and believe in me is unbelievable. Only 25 of those paid equal prize money to men and women.Team USA fencer Ibtihaj Muhammad, who in Rio will become the first Muslim American athlete to compete in the Olympics wearing a hijab, is already a breakout star of these games before stepping into the arena. Team USA alone has sent 550 athletes to Brazil to compete in 30 sports.And there are only so many cereal boxes to go around.
Olympic Committee does not receive funding from the federal government and Team USA relies "on the generosity of the American people to achieve their dreams," according to the team website. Got a large customer presentation in Phoenix today capped off with one in Irvine then a track meet where I finally feel like I can let lose.
The USOC's Operation Gold Program pays Team USA athletes $25,000 for gold medals, $15,000 for silver and $10,000 for bronze, plus there are other financial incentives from individual sports' governing bodies.
Btw tag any good hair dyers in rio haha, I'm going to need a fresh one in a couple weeks. I'm just 24, so hopefully I have a lot more winning to do and a lot more money to be made."Varner wasn't sure what he'd do with it. So realistically, I don't need to join the UFC for anything other than I'm passionate about it, which I'm not. We will be enthusiastically and indiscriminately cheering them on and a combination of all three will leave Rio de Janeiro more famous than when they started.



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