Current:Home > Scams$50K Olympic track prize the latest in a long, conflicted relationship between athletes and money -FutureWise Finance
$50K Olympic track prize the latest in a long, conflicted relationship between athletes and money
View
Date:2025-04-17 18:19:06
Since the day they were founded, the Olympics have had a confusing relationship with money. The games were supposed to celebrate sport for sport’s sake. But the price athletes paid to be any good was far too high, and it took virtually no time for the concept of amateurism that the Olympics rested on to be viewed as unrealistic, if not an all-out ruse.
This week’s news that track’s international federation will pay $50,000 to gold-medal winners at the Paris Games was the latest step in a century’s worth of unraveling the myth of amateurism at the Olympics.
A look at some key points along the way:
THE FOUNDER FLIP-FLOPS
As early as 1894, two years before the first modern Olympics, Pierre de Coubertin was sounding different notes about the concept of amateurism. In one speech, according to the authoritative book on the topic, “The Rise and Fall of Olympic Amateurism,” he “warned against the ‘spirit of gain and professionalism’ that threatened its existence.’” But not long after that, “he denounced amateurism as ‘an admirable mummy.’”
THE GREATEST OLYMPIAN
In what’s considered one of the most shameful episodes in the history of the games, the IOC stripped Jim Thorpe of the two gold medals he won at the 1912 Stockholm Olympics because he had played semi-pro baseball before that. The IOC restored the medals in 1983, 30 years after his death.
THE WORKAROUND
As the Cold War began, the Soviet Union, East Germany and other Eastern bloc satellites started handing well-paying “jobs” in the military and other civil services to Olympic athletes. They earned big salaries for doing virtually no work related to that title. Their main job was training, and though they weren’t officially paid to play their sports, nobody tried to disguise this ruse. Some believe this led to a low point in the 1970s for the American Olympic movement, which was largely still adhering to strict amateur rules.
CHANGE BEGINS
The IOC began tinkering with its Rule 26, the rule that inscribed the amateur imprimatur to the Olympics, in the mid-1970s. An IOC member involved in the changes, Willi Daume, put it best when he pointed to the billion-dollar business the Olympics had become: “It is only the athletes that have to make sacrifices and show proof of asceticism,” he said. The IOC began letting individual sports federations write their own rules about amateurism. The track federation was among the first to make a move toward allowing athletes to get paid, though at first, it demanded they put their earnings in a trust.
LOOKING FOR THE BEST SHOW
When Juan Antonio Samaranch became IOC president in 1980, he made it clear he wanted the best athletes at the Olympics. The IOC worked hard with soccer, ice hockey and tennis (a demonstration sport in 1984 and in the official program in 1988), which for various reasons had fought the amateurism rules. By the start of the 1990s, amateurism was written out of the Olympic charter. The 1992 Olympics, which brought NBA stars and the Dream Team to the Barcelona Games, is widely viewed as the start of the professional era at the Olympics.
THEN TO NOW
Most countries now establish prize pools — such as Team USA’s “Project Gold” — for their top athletes at the Olympics, while also funding training and living expenses. The U.S. is one of the few outliers, in that its government does not provide funding for the Olympic team. More than a generation into the professional era, tension remains not over whether the athletes can receive money but how much of the pie they really share in. The track announcement is only one small piece of this puzzle, but a symbolically important one. Olympic watchers will be looking closely to see if any sports follow track’s lead.
___
AP Summer Olympics: https://apnews.com/hub/2024-paris-olympic-games
veryGood! (854)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- A New Study from China on Methane Leaks from the Sabotaged Nord Stream Pipelines Found that the Climate Impact Was ‘Tiny’ and Nothing ‘to Worry About’
- Al Gore Talks Climate Progress, Setbacks and the First Rule of Holes: Stop Digging
- As seas get hotter, South Florida gets slammed by an ocean heat wave
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Annoyed by a Pimple? Mario Badescu Drying Lotion Is 34% Off for Amazon Prime Day 2023
- Puerto Rico Hands Control of its Power Plants to a Natural Gas Company
- Ryan Reynolds, John Legend and More Stars React to 2023 Emmy Nominations
- Buckingham Palace staff under investigation for 'bar brawl'
- Make Your Life Easier With 25 Problem-Solving Products on Sale For Less Than $21 on Prime Day 2023
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- There's a way to get healthier without even going to a gym. It's called NEAT
- Army Corps of Engineers Withdraws Approval of Plans to Dredge a Superfund Site on the Texas Gulf Coast for Oil Tanker Traffic
- Save 46% on the TikTok-Loved Solawave Skincare Wand That Works in 5 Minutes During Amazon Prime Day 2023
- Meta releases AI model to enhance Metaverse experience
- A former teen idol takes on crypto
- Annoyed With Your Internet Connection? This Top-Rated Wi-Fi Extender Is on Sale for $18 on Prime Day 2023
- Zayn Malik Makes Rare Comment About His and Gigi Hadid's Daughter Khai in First Interview in 6 Years
Recommendation
Travis Hunter, the 2
AMC Theaters reverses its decision to price tickets based on where customers sit
Raven-Symoné Reveals How She Really Feels About the Ozempic Craze
Environmental Groups and Native Leaders Say Proposed Venting and Flaring Rule Falls Short
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Is COP27 the End of Hopes for Limiting Global Warming to 1.5 Degrees Celsius?
El Niño will likely continue into early 2024, driving even more hot weather
Make Traveling Less Stressful With These 15 Amazon Prime Day 2023 Deals