Olympics : Show me the MONEY!

[Leongsam]

Olympics: Big cash rewards for Kiwi medallists

1:48 PM Friday Aug 10, 2012

New Zealand rower Eric Murray during the medal ceremony after winning Gold in the Final of the Men's Pair. Photo / Brett Phibbs.


New Zealand's Olympic athletes will pocket huge cash pay-outs for their efforts in London, ranking their performance pay among the highest in the world.

Our gold medal-winning rowers will pick up $60,000 each before tax, and silver and bronze winners get $55,000 each. The payouts go down to $20,000 for a 16th place, with Nick Willis to receive $25,000 for his 9th place yesterday.

Athletes competing in team events - deemed to be more than eight members - will get from $20,000 each for eighth place to $35,000 each for winning gold.

When you compare that with the $NZD 31,000 that Americans receive for gold, or the $NZD 26,000 Australians receive, we are fairly well off.

The Performance Enhancement Grants (PEGs) are taxpayer-funded, handed out by High Performance Sport New Zealand - the agency tasked with generating international sporting success.

The medals themselves are of little comparative physical value. Gold medals at the London Games are made largely of silver with a thin gold coat and some copper which values them at $706 by current prices, according to the World Gold Council. In fact, for the first time, the silver content in the 2012 medals is worth more than the gold.

But a gold medal can give athletes the Midas touch with sponsors, or, for some medallists, offer an attractive resale value. The marketing value of a gold medal varies from sport to sport and country to country but could translate into sponsorships worth millions of dollars. Swimming, track and field, and gymnastics attract the most interest from sponsors.

Here is a list of the prizes on offer for gold medal winners of eight nations competing at the London Games.

The United States
The United States pays $NZD 31,000 to gold medallists.

Australia
Australians receive $NZD 26,000, are featured on an Australia stamp, and get a flight upgrade home.

Singapore
Singaporean athletes are being offered one of the biggest incentives with an offer of 1 million Singapore dollars ($NZD 989,000) for a gold. Singapore has never won gold at the Olympics.

Russia
Russia has promised athletes $NZD 166,000 for golds.

Italy
There are reports Italy has offered $NZD 224,000 for gold.

China
China, which is jostling with the United States for top of the gold medals tally, has not released details of financial incentives but the Chinese language Sports Weekly reported they were likely to hand gold winners $NZD 63,000.

India
India has promised coaching jobs to athletes who win medals.

Great Britain
British athletes, however, will have to settle for national glory and their image on a stamp rather than cash.

- HERALD ONLINE

 

[hockbeng]

Olympics: Big cash rewards for Kiwi medallists

1:48 PM Friday Aug 10, 2012

New Zealand rower Eric Murray during the medal ceremony after winning Gold in the Final of the Men's Pair. Photo / Brett Phibbs.


New Zealand's Olympic athletes will pocket huge cash pay-outs for their efforts in London, ranking their performance pay among the highest in the world.

Our gold medal-winning rowers will pick up $60,000 each before tax, and silver and bronze winners get $55,000 each. The payouts go down to $20,000 for a 16th place, with Nick Willis to receive $25,000 for his 9th place yesterday.

Athletes competing in team events - deemed to be more than eight members - will get from $20,000 each for eighth place to $35,000 each for winning gold.

When you compare that with the $NZD 31,000 that Americans receive for gold, or the $NZD 26,000 Australians receive, we are fairly well off.

The Performance Enhancement Grants (PEGs) are taxpayer-funded, handed out by High Performance Sport New Zealand - the agency tasked with generating international sporting success.

The medals themselves are of little comparative physical value. Gold medals at the London Games are made largely of silver with a thin gold coat and some copper which values them at $706 by current prices, according to the World Gold Council. In fact, for the first time, the silver content in the 2012 medals is worth more than the gold.

But a gold medal can give athletes the Midas touch with sponsors, or, for some medallists, offer an attractive resale value. The marketing value of a gold medal varies from sport to sport and country to country but could translate into sponsorships worth millions of dollars. Swimming, track and field, and gymnastics attract the most interest from sponsors.

Here is a list of the prizes on offer for gold medal winners of eight nations competing at the London Games.

The United States
The United States pays $NZD 31,000 to gold medallists.

Australia
Australians receive $NZD 26,000, are featured on an Australia stamp, and get a flight upgrade home.

Singapore
Singaporean athletes are being offered one of the biggest incentives with an offer of 1 million Singapore dollars ($NZD 989,000) for a gold. Singapore has never won gold at the Olympics.

Russia
Russia has promised athletes $NZD 166,000 for golds.

Italy
There are reports Italy has offered $NZD 224,000 for gold.

China
China, which is jostling with the United States for top of the gold medals tally, has not released details of financial incentives but the Chinese language Sports Weekly reported they were likely to hand gold winners $NZD 63,000.

India
India has promised coaching jobs to athletes who win medals.

Great Britain
British athletes, however, will have to settle for national glory and their image on a stamp rather than cash.

- HERALD ONLINE

Sporeans dont really give a shit about sports.
To most of us, its just a way of de-stressing and keeping fit.
We are not that dumb to pump our body with drugs to win some silly medals that arent even made of real gold/silver.

Only a few with huge egos think this is important.

 

[greedy and cunning]

Olympics: Big cash rewards for Kiwi medallists

1:48 PM Friday Aug 10, 2012

New Zealand rower Eric Murray during the medal ceremony after winning Gold in the Final of the Men's Pair. Photo / Brett Phibbs.


New Zealand's Olympic athletes will pocket huge cash pay-outs for their efforts in London, ranking their performance pay among the highest in the world.

Our gold medal-winning rowers will pick up $60,000 each before tax, and silver and bronze winners get $55,000 each. The payouts go down to $20,000 for a 16th place, with Nick Willis to receive $25,000 for his 9th place yesterday.

Athletes competing in team events - deemed to be more than eight members - will get from $20,000 each for eighth place to $35,000 each for winning gold.

When you compare that with the $NZD 31,000 that Americans receive for gold, or the $NZD 26,000 Australians receive, we are fairly well off.

The Performance Enhancement Grants (PEGs) are taxpayer-funded, handed out by High Performance Sport New Zealand - the agency tasked with generating international sporting success.

The medals themselves are of little comparative physical value. Gold medals at the London Games are made largely of silver with a thin gold coat and some copper which values them at $706 by current prices, according to the World Gold Council. In fact, for the first time, the silver content in the 2012 medals is worth more than the gold.

But a gold medal can give athletes the Midas touch with sponsors, or, for some medallists, offer an attractive resale value. The marketing value of a gold medal varies from sport to sport and country to country but could translate into sponsorships worth millions of dollars. Swimming, track and field, and gymnastics attract the most interest from sponsors.

Here is a list of the prizes on offer for gold medal winners of eight nations competing at the London Games.

The United States
The United States pays $NZD 31,000 to gold medallists.

Australia
Australians receive $NZD 26,000, are featured on an Australia stamp, and get a flight upgrade home.

Singapore
Singaporean athletes are being offered one of the biggest incentives with an offer of 1 million Singapore dollars ($NZD 989,000) for a gold. Singapore has never won gold at the Olympics.

Russia
Russia has promised athletes $NZD 166,000 for golds.

Italy
There are reports Italy has offered $NZD 224,000 for gold.

China
China, which is jostling with the United States for top of the gold medals tally, has not released details of financial incentives but the Chinese language Sports Weekly reported they were likely to hand gold winners $NZD 63,000.

India
India has promised coaching jobs to athletes who win medals.

Great Britain
British athletes, however, will have to settle for national glory and their image on a stamp rather than cash.

- HERALD ONLINE

in the olden days , perhaps during the time when dinosaurs roamed the earth , people participate in game out of pride for the country and love
for the game.

now , people want to run a country because of the opportunity to make money ,not out of concern for the welfare of the fellowman.
philippine and malaysia is a good example.
with such faulty character , their solution to everything is money. hence game participants are being awarded with money.

 

[Dreamer1]

Singaporean athletes are being offered one of the biggest incentives with an offer of 1 million Singapore dollars ($NZD 989,000) for a gold. Singapore has never won gold at the Olympics.PAP has given the FTs beginners handicap.

 

[Agoraphobic]

Sporeans dont really give a shit about sports.....

Not really. Betting on sports is big in Peesai.

Cheers!

 

[erection2015]

have an event for following rules to the letter and sinkies will win gold, silver and bronze with ease.

[[/FONT][/COLOR]
Singapore
Singaporean athletes are being offered one of the biggest incentives with an offer of 1 million Singapore dollars ($NZD 989,000) for a gold. Singapore has never won gold at the Olympics.
[/][/I]

 

[FIRSTSTATE]

Some like to compete, while most like to watch.
Who dares win.

 

[Frankiestine]

No wonder these foreign trash chose Singapore, the payout for one bronze is more then what the other countries are paying out for a gold.

 

[Cruxx]

Sporeans dont really give a shit about sports.
To most of us, its just a way of de-stressing and keeping fit.
We are not that dumb to pump our body with drugs to win some silly medals that arent even made of real gold/silver.

Only a few with huge egos think this is important.

Seems to me that Singaporeans don't really give a shit about anything, judging by how useless Singaporeans are at everything.

 

[Cruxx]

Singapore is the laughing stock of the world. Sinkie philistines believe that money is the solution to all problems. Sinkies pay top dollar for jokers like Lim Swee Say and underachieving mercenaries like Feng Tian Wei. What for?

 

[halsey02]

>Great Britain: British athletes, however, will have to settle for national glory and their image on a stamp rather than cash.> quote

Ahh! if the Ping Pong Bronze Medalists were to be awarded with a scroll & their images on SINgapore postage stamps, would they still be here, what do you think?

 

[tonychat]

have an event for following rules to the letter and sinkies will win gold, silver and bronze with ease.

Have an event called ass-screwing. Sinkies confirm get gold.

 

[streetsmart73]

No wonder these foreign trash chose Singapore, the payout for one bronze is more then what the other countries are paying out for a gold.

hi there


1. now, frankie.
2. this is why it is called world-crass mah!

 

[erection2015]

this event would require at least 2 people per team. I think the sinkie would be strong in one position but not so in the other.

Have an event called ass-screwing. Sinkies confirm get gold.

 

[streetsmart73]

this event would require at least 2 people per team. I think the sinkie would be strong in one position but not so in the other.

hi there


1. aiyoh!
2. never underestimate the prowess of the butchman when it rears ah pink hoh.
3. that will definitely bring sheepishland the much needed gold leh!
4. it shall wear its 10" black strapon for ah pink.
5. hahahaha!

 

[erection2015]

haha no need for FTs eh? Local talent would suffice.

hi there


1. aiyoh!
2. never underestimate the prowess of the butchman when it rears ah pink hoh.
3. that will definitely bring sheepishland the much needed gold leh!
4. it shall wear its 10" black strapon for ah pink.
5. hahahaha!

 

[Narong Wongwan]

Kiwis never see big snake shit before....
This type amount dare to call big money?
Knn chinapore athletes with million dollar carrots laugh at them.

 

[Narong Wongwan]

Not really. Betting on sports is big in Peesai.

Cheers!

Correct sinkies are armchair sportsmen

 

[Cestbon]

I think Malaysia. Give the biggest award. Gov RM1m.
There others private company award few million............

 

[steffychun]

CCS will to throw cash to PRCs.