Blog

We compete for the honour (and the cash incentives)

By DJ Kelly November 20, 2007

What’s wrong with rewarding our amateur athletes for winning medals on the international stage? Most people who argue against the act say there are better places for our government to spend our tax dollars. At least that has been the argument I have heard most often in Canada.

In a move that everyone should be able to get behind the Canadian Olympic Committee is putting up $1.3 million of its hard fund raised monies to reward our countries top athletes at events like the Olympics. They will receive:

  • $20,000 for a gold medal
  • $15,000 for silver
  • and $10,000 for bronze.

The thing I like about this is that the money will come from donors and fundraising campaigns. I think that is a great idea. Yes, I understand the money could be spent on more important things like housing the homeless, but a donor can spend where they like. That’s why I think the government not being involved is crucial.

So give away your children’s inheritance my wealthy readers! (Which is none of you, sadly.)

And while your giving just remember, Italy gives $186,000 for a gold medal. So you’ve got a whole lotta givin’ ahead of you if we want to catch up.

$20K is a lot of money for each winning athlete though. And if the Canadian hockey teams win gold in Vancouver that $1.3 million pot will drain faster than (I’ll let you insert the joke of your choice here).