{"id":3983,"date":"2026-06-24T16:07:02","date_gmt":"2026-06-24T16:07:02","guid":{"rendered":"https:\/\/raleighmovingnews.com\/?p=3983"},"modified":"2026-06-24T16:07:02","modified_gmt":"2026-06-24T16:07:02","slug":"olympic-athletes-to-get-cash-grants-from-new-100m-fund-created-by-ioc","status":"publish","type":"post","link":"https:\/\/raleighmovingnews.com\/?p=3983","title":{"rendered":"Olympic athletes to get cash grants from new $100M fund created by IOC"},"content":{"rendered":"<div>\n<p>LAUSANNE, Switzerland (AP) \u2014 The International Olympic Committee is to pay more than $100 million to athletes, creating a fund for $10,000 grants for which they can apply after competing at a Summer or Winter Games.<\/p>\n<p>Read more <a href=\"https:\/\/raleighmovingnews.com\/?p=3981\">NBA draft resumes Wednesday night in New York, where some second-round picks are revered<\/a><\/p>\n<p>The cash commitment from the IOC on Wednesday came after growing calls in recent years to pay prize money at the Olympic Games.<\/p>\n<p>IOC member and former NBA star Pau Gasol announced the project, which will first be open to nearly 2,900 athletes who competed at the 2026 Milan Cortina Winter Games.<\/p>\n<p>Around 11,000 athletes due to compete at the 2028 Los Angeles Summer Games also can apply for grants totaling about $110 million after those Olympics, if they meet eligibility criteria such as not testing positive for doping.<\/p>\n<p>\u201cThis is a win for all of us,\u201d said Gasol, who represents athletes on the 15-member IOC executive board, adding that it was \u201cnot prize money.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/raleighmovingnews.com\/?p=3979\">Lumbee Tribe votes \u2018no\u2019 to amending its Constitution for future NC casino<\/a><\/p>\n<p>The cash promise was the signature issue on the agenda of an IOC meeting setting a future strategy under its president Kirsty Coventry exactly one year after she formally took office.<\/p>\n<p>The 42-year-old Coventry is a five-time Olympian and two-time gold swimming medalist for Zimbabwe. She was elected as the youngest president and most recent former athlete in the IOC\u2019s modern history.<\/p>\n<p>Paying prize money to Olympic medalists was a central policy for one of Coventry\u2019s election opponents, World Athletics leader Sebastian Coe, who oversaw rewarding track and field champions at the 2024 Paris Olympics with $50,000.<\/p>\n<p>\u201cThis is a historic moment for the movement and I\u2019m absolutely delighted to be in the room when this has been announced,\u201d Coe told his fellow IOC members, praising Coventry\u2019s policy.<\/p>\n<p>Read more <a href=\"https:\/\/raleighmovingnews.com\/?p=3977\">Hornets add bulky forward Steinbach, versatile guard Anderson in first round of NBA Draft<\/a><\/p>\n<p>___<\/p>\n<p>AP Olympics: https:\/\/apnews.com\/hub\/2024-paris-olympic-games<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>LAUSANNE, Switzerland (AP) \u2014 The International Olympic Committee is to pay more than $100 million&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3982,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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