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Omar El-Sharif
US Athletes to Receive $200,000 Post-Retirement Benefits from Stevens Donation
The US Olympic and Paralympic Committee announced that American athletes will receive a minimum of $200,000 in post-retirement benefits due to a $100 million donation from philanthropist Ross Stevens. Eligible athletes will receive two payments totaling $200,000, with provisions for family benefits after the athlete’s passing. This initiative aims to provide financial security, recognizing the sacrifices athletes make for their sport.
On March 6, 2025, the US Olympic and Paralympic Committee (USOPC) announced a significant new benefit for American athletes: a minimum of $200,000 in post-retirement assistance. This initiative was made possible by a generous $100 million donation from philanthropist Ross Stevens. Eligible athletes, who have participated in either the Olympics or Paralympics, will benefit from the new financing structure known as the “Stevens Financial Security Award.”
The award consists of two payments of $100,000 each. The first payment will go to the athlete’s family upon their death, and the second will be distributed to the athlete in a structured manner over four years after they conclude their Olympic or Paralympic careers, either 20 years post-Games or upon reaching the age of 45. Therefore, athletes competing in multiple Games can potentially receive up to $600,000.
During the recent Olympics in Paris 2024, American athletes were incentivized through the USOPC’s “Operation Gold” initiative, which awarded $37,500 for each gold medal, $22,500 for silver, and $15,000 for bronze. Notably, these payouts are less than the substantial bonuses awarded in other countries, such as Serbia, which offered approximately $214,900 for a gold medal.
Gene Sykes, Chair of USOPC, emphasized the importance of this support, stating that many athletes sacrifice traditional career opportunities in pursuit of their sport, often leading to financial insecurity post-competition. He expressed gratitude for Stevens’ donation, highlighting its potential to provide not only financial security but also a pathway for success beyond athletics.
Team USA, with 595 athletes, excelled at Paris 2024, securing a total of 126 medals, including 40 golds, 44 silvers, and 42 bronzes, reinforcing their position as a dominant force in Olympic sports.
The new $200,000 post-retirement benefits for American Olympians and Paralympians, funded by Ross Stevens’ $100 million donation, represents a substantial advancement in financial security for athletes. The Stevens Financial Security Award, along with the achievements of Team USA in medals, underscores the commitment to supporting athletes both during and after their sports careers.
Original Source: indianexpress.com
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