Olympics in Tokyo: are athletes paid for training?


To be an Olympian is an incredible achievement. Winning medals for your country elevates an athlete’s position as the greatest Olympian of all time. Usain Bolt, Michael Phelps, and Carl Lewis are some athletes who have benefited from being winners. The Tokyo Olympics are the latest event to showcase these athletes’ talent for becoming immortal. But being a world class athlete takes sheer determination and hard work.


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Athletes spend years practicing their events and figuring out every tiny detail that leads to their sport. The biggest downside, however, is the training costs associated with attending these events. The athletes find it really hard to finance themselves and most of them go broke.


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The Tokyo Olympics will be a dream for many athletes

The problems are visible to the people. In the absence of proper sponsorship or a lack of financial resources, the road to success for all athletes is rocky. Training equipment and other outfits are also expensive because the IOC (International Olympic Committee) does not pay athletes to participate in the Olympic Games. Many people want to be financially stable, even if their passion drives athletes to success.

However, the lack of funds is of great concern and most of them will go broke at the end of their careers. Most of the major sports in the world, like basketball or soccer, are pretty famous around the world. Even after their brilliant careers, players receive sponsorships and private money from various companies. But that happens when companies see them as successful or see marketability among athletes.

CHARLOTTE, NC – MAY 2: Michael Jordan watches a shot during the po-am at the Wachovia Championship at Quail Hollow Country Club on May 2, 2007 in Charlotte, North Carolina. (Photo by Scott Halleran / Getty Images)

Most athletes depend on their budget for money to train. Noteworthy is the mother of Gabby Douglas (Olympic champion) filed Bankruptcy and stated that her daughter’s education was very expensive.

Even after winning a gold medal, it’s disappointing to see an athlete train hard for the event but go broke after the games. In one interesting snippet, Michael Jordan has a net worth of $ 1.6 billion while being an athlete himself. The audience for basketball is way ahead of that of athletics or swimming; proves why other athletes earn more.


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How do you get the means to exercise?

Some athletes do part-time jobs for exercise and their daily routines. Even after winning an event, the prize money for the medal winners is comparatively lower. The US swimming committee is spending $ 3,000 on its athletes who are only placed in the top 16. $ 37,500 is the amount of money given to athletes who win the gold medal for their event. That’s not enough for athletes to live their daily lives after making their country proud.

Many medalists go to college on an athletic scholarship after their games to make a better living. Katie Ledecky, one of the best female swimmers in the world, graduated from Stanford to add to her list of incredible accomplishments. But most athletes end up becoming coaches or accountants and also get into modeling.


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RIO DE JANEIRO, BRAZIL – AUGUST 11: Gold medalist Michael Phelps from the United States celebrates on the podium during the award ceremony for the men’s 200m individual layer final on day 6 of the Rio 2016 Olympic Games at the Aquatics Olympic Stadium on August 11th August. 2016 in Rio de Janeiro, Brazil. (Photo by Adam Pretty / Getty Images)

Although they do everything they can for their country, the life of any aspiring Olympian is tough. Although there have been some cases of athletes like Michael Phelps; with a net worth of $ 80 million, the lack of adequate cash benefits hinders many lives. But the effort they go into making their lifelong dream come true is proving to be an inspiration for aspiring athletes.

Being Olympians is never easy, and these athletes demand respect from everyone to make their country proud.


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