Olympic team eyes cash incentives
SOUTH Africa’s Olympic and Paralympic athletes are in line to make some big bucks should they claim glory in Rio de Janeiro next month.
This comes after the South African Sports Confederation and Olympic Committee (Sascoc) announced an incentive programme designed to encourage athletes to win medals at the Rio Olympics.
Sascoc will award all gold medalists at both the Olympic and Paralympic Games R500 000. Of that, R400 000 will go to the athlete and R100 000 to the coach.
Silver medal winners will earn R200 000 (R50 000 for the coach), while those bagging bronze will pocket R80 000 (R20 000 for the coach). This principle was established with the understanding the coach plays an important role in coaching and mentoring the athlete.
In the case of a medal won in a team event or by a relay team, which counts as one medal, the incentive amount will remain the same so the R400 000 for a gold medal would be shared equally among the winning team.
The figures presented by Sascoc are similar to the incentives offered to athletes at the London Games four years ago.
Sascoc has also announced the final list of athletes to compete at the Rio Olympics, which kicks off on August 5.
The Olympic body confirmed this week 137 athletes will carry the nation’s flag at the 2016 Olympic Games.
Tubby Reddy, Sascoc’s chief executive and chef de mission, said he had every faith the chosen athletes would excel in Rio.
“We’re confident that the team is the crème de la crème of sporting talent with most of them having represented the country in international sporting events previously,” Reddy told the media.
“We therefore, wish them well and as the Olympic body we will rally behind you all the way. Do the country proud and go well.”