Sports Budgets in your Nation

[hckošice 15,122]

If anyone interested

 

here the official approved final remuneration for performances of Slovak representatives in Tokyo 2020

 

 

Prices are in EURO obviously,

 

1. PLACE (GOLD)     ZUZANA REHÁK ŠTEFEČEKOVÁ, Shooting – W Trap                                   50 000

 

2. PLACE (SILVER)     JAKUB GRIGAR, Canoe Slalom – M K1                                                                       40 000

2. PLACE (SILVER)   RORY SABBATINI, Golf - M                                                                                             40 000

 

3. PLACE     SAMUEL BALÁŽ, DENIS MYŠÁK, ERIK VLČEK, ADAM BOTEK, Canoeing Sprint – K4-500m      97 500 (Divided by 4 so 24 375 each)

 

4. Place    ZUZANA REHÁK ŠTEFEČEKOVÁ, ERIK VARGA, Shooting – Mixed Trap         35 000  (Divided by 2 so 17 500 each)

 

6. Place     MATEJ BEŇUŠ, Canoeing Salslom – M C1                                                                         10 000

 

7. Place     PATRIK JÁNY, Shooting M 10 m  Air Rifle                                   8 000

 

8. Place     JANA ŠPOTÁKOVÁ, MARIÁN KOVAČÓCY – Mixed Trap                                10 500 (Divided by 2 so 5 250 each)

 

 

So, The total amount of rewards for successful Olympians is 291,000 euros, with 50 percent of this amount being paid by the Slovak NOC (SOŠV) and 50 percent through the Ministry of Education, Science, Research and Sports of Slova Republic (MŠVVŠ SR) by the state.

 

In addition, the rewards for the team staff of successful athletes are a maximum of 33 percent of the athletes' rewards which will be divided between the supoort team. For multi-member teams, the amount is calculated from the basic amount per individual, without adding counts for another member.

[OlympicsFan 860]

  On 8/12/2021 at 8:45 AM, hckošice said:

If anyone interested

 

here the official approved final remuneration for performances of Slovak representatives in Tokyo 2020

 

 

Prices are in EURO obviously,

 

1. PLACE (GOLD)     ZUZANA REHÁK ŠTEFEČEKOVÁ, Shooting – W Trap                                   50 000

 

2. PLACE (SILVER)     JAKUB GRIGAR, Canoe Slalom – M K1                                                                       40 000

2. PLACE (SILVER)   RORY SABBATINI, Golf - M                                                                                             40 000

 

3. PLACE     SAMUEL BALÁŽ, DENIS MYŠÁK, ERIK VLČEK, ADAM BOTEK, Canoeing Sprint – K4-500m      97 500 (Divided by 4 so 24 375 each)

 

4. Place    ZUZANA REHÁK ŠTEFEČEKOVÁ, ERIK VARGA, Shooting – Mixed Trap         35 000  (Divided by 2 so 17 500 each)

 

6. Place     MATEJ BEŇUŠ, Canoeing Salslom – M C1                                                                         10 000

 

7. Place     PATRIK JÁNY, Shooting M 10 m  Air Rifle                                   8 000

 

8. Place     JANA ŠPOTÁKOVÁ, MARIÁN KOVAČÓCY – Mixed Trap                                10 500 (Divided by 2 so 5 250 each)

 

 

So, The total amount of rewards for successful Olympians is 291,000 euros, with 50 percent of this amount being paid by the Slovak NOC (SOŠV) and 50 percent through the Ministry of Education, Science, Research and Sports of Slova Republic (MŠVVŠ SR) by the state.

 

In addition, the rewards for the team staff of successful athletes are a maximum of 33 percent of the athletes' rewards which will be divided between the supoort team. For multi-member teams, the amount is calculated from the basic amount per individual, without adding counts for another member.

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1) Slovakia must be really rich (although not as rich as Italy) to pay more for bronze than Germany pays for gold.

2) So an 8th place pays more than a 6th place?

3) I don't like the dividing of the prize money, but i guess otherwise it would be too expensive.

 

Personally i am not a fan of having the same prize money structure for all sports. I would like to see what would happen (experiment) if a nation would for example try something like the following:

Athletics: Athlete gets full prize money (and can decide if he wants to have it paid out in full or have it as a monthly payment) (for example 200k for gold)

Swimming: Athlete gets half the prize money and the other half goes to the coach

Rowing: Athlete gets 1/3 of the prize money, coach gets 1/3 of the prize money, club gets 1/3 of the prize money

Cycling: Athlete gets 1/2 of the prize money and federation gets 1/2 of the prize money

And so on ...

 

It would be interesting to see which prize money structure would produce the best results.

[Gianlu33 4,748]

Italian National Olympic Comitee decided to pay only the medallist:

• Gold: 180.000 euro, 30k more than Rio
• Silver: 90.000 euro, 15k more than Rio
• Bronze: 60.000 euro, 10k more than Rio

[Dunadan 1,103]

Before taxes.

[vinipereira 3,421]

 

Gold: R$ 250.000 (~US$ 50.000)

Silver: R$ 150.000 (~US$ 30.000)

Bronze: R$ 100.000 (~US$ 20.000)

 

For pairs (Sailing and Tennis) it's the same (each gets the money of an individual medal). For teams it was R$ 750.000 (~US$ 150.000) for Football (gold) and R$ 450.000 (~US$ 150.000) for Volleyball (silver), which it's really not a lot when divided by all the players. Of course Rebeca Andrade was the brazilian athlete with biggest prize (R$ 400.000 or ~US$ 80.000).

[Federer91 2,903]

I think i have mentioned it before, that we are deservedly generous to our Olympic medalists. Sums approved already in 2019:

 

GOLD - 250 000 leva = 128 000 Euro

SILVER - 200 000 leva = 102 250 Euro

BRONZE - 150 000 leva = 77 000 Euro

 

There is a special formula for Team medals - 70% of the team gets 90% of the reward, while the other 30% get up to 50%. Don't know, if they are really using this, because our 5 gymnasts will get all 90%

 

Rhythmic Gymnastics Group - 5 girls - 1 125 000 leva = 575 000 Euro (each girl gets 225 000 leva = 115 000 Euro)

 

The reserve girls, that didn't compete will also get a reward, by decision of our gymnastics federation. 

 

4th place - 40 000 leva = 20 450 Euro

5th place - 30 000 leva = 15 300 Euro

6th place - 20 000 leva = 10 200 Euro

7th place - 15 000 leva = 7 700 Euro

8th place - 10 000 leva = 5 100 Euro

 

But this is not all. Like i have said (and some of you probably didn't believe me ) each Olympic medalist gets a monthly lifetime pension after their sporting career is over:

 

Gold medalist - 3x of the current minimal wage salary in the country;

Silver medalist - 90% of the 3x minimal wage salary;

Bronze medalist - 80% of the 3x minimal wage salary.

 

The Olympic pension is independent from any other salary the person can have after their sporting career, or their regular pension for old age.

[Vektor 3,326]

 payments for Top8 placements

 

1st - 50 000 000 HUF = 141 000 EUR

2nd - 35 700 000 HUF = 101 000 EUR

3rd - 28 500 000 HUF = 80 700 EUR

4th - 21 500 000 HUF = 60 900 EUR

5th - 14 300 000 HUF = 40 500 EUR

6th - 11 400 000 HUF = 32 300 EUR

7th - 5 700 000 HUF = 16 100 EUR

8th - 2 800 000 HUF = 7 900 EUR

 

The sum of all the money earned by Hungarian athletes via Olympic placements in Tokyo: 2 390 000 000 HUF = 6 772 954 EUR

[MHSN 3,660]

here our NOC paid a small prize money the same day, few hours after the competition

 

Gold - 10,000 Euro

Silver - 5,000 Euro

Bronze - 3,500 Euro

 

but the sport ministry later will pay something like this

 

Gold - 20,000,000 Rials = 66,000 Euro

Silver - 12,500,000 Rials = 41,000 Euro

Bronze - 7,500,000 Rials = 25,000 Euro

 

BUT medalists always receive some prize money from their own province officials too. for example our gold medalist from "Shiraz" in wrestling will receive an extra 30,000 Euro. but I don't know about other provinces. I just know athletes from Tehran usually receive nothing more.

[heywoodu 15,353]

Belgium
Individual gold medal = €50.000
Individual silver medal = €30.000
Individual bronze medal = €20.000
4th place = €10.000
5th-8th place = €5.000

 

Team gold medal = €12.500 per athlete
Team silver medal = €7.500 per athlete
Team bronze medal = €5.000 per athlete
Team 4th place = €2.500 per athlete plus fake tournament travel costs
Team 5th-8th place = €1.250 per athlete

 

Coaches get a maximum of 25 percent of what their athletes get. When this was announced, it was '90 percent sure' the prize money would be tax free.

 

Netherlands

Individual gold medal = €30.000
Individual silver medal = €22.500
Individual bronze medal = €15.000

 

As for team medals, there is a formula to decide how much every athlete gets: basically the prize money for the equivalent individual result multiplied by the root of the number of participants in the team...the result of that calculation is then divided by the number of participants. An example is the men's fours in rowing, who won gold and will each receive €15.000 per athlete.

In large teams, like field hockey, there is a minimum prize to avoid this formula leading to too small prizes. The minimum is €11.000 per athlete for gold, €8.000 for silver and €5.000 for bronze.

 

And it's the Netherlands, so we gotta keep it as cheap as possible. Medals are not accumulated normally, a second medal leads to another formula: two thirds of the money it would be worth in case it was someone's first medal. A third medal is worth one third of the first medal's worth. For example three golds doesn't mean three times 30k, it means 30k plus 20k plus 10k = 60k.

 

And, again, it's the Netherlands: it is specifically mentioned that the prize money is definitely not tax free. So probably around half of it goes out the window immediately. Which is so goddamn annoying, just pay out more and let whatever remains after tax be the official number, so nobody gets 'cheated'.

[Griff88 1,971]

  On 9/21/2021 at 6:59 AM, heywoodu said:

Belgium
Individual gold medal = €50.000
Individual silver medal = €30.000
Individual bronze medal = €20.000
4th place = €10.000
5th-8th place = €5.000

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Wow just showing up at the Olympics for Indonesia worth more than being a 8th placed Belgian