After a quick calculation from the United States Olympic & Paralympic Committee (USOPC) website. The swimmer made $188,000 in “Operation Gold Award” payments allocated through the USOPC.
The Team USA website describes the Operation Gold Awards as being designed to reward athletes who have achieved top-place finishes in a sport’s toughest senior international competition of the year.
The Operation Gold Awards apply to competitions like the Olympics, Paralympics, and World Championships in years without an Olympic Games. U.S. Olympic athletes have a variety of incentives to choose from. One of them is the Operation Gold Awards, which are given in different amounts and improve the recipient’s life after their competitive years are over.
How Much Have The Olympic Victories Earned Dressel?
According to the Team USA website. An Olympic gold medalist will receive a little over $38,0, a silver medalist will get $23,000, and a bronze winner will getts about $17,500. The identical amounts apply to Paralympic Games athletes.
Suppose Dressel had also won the mixed 4×100-meter medley race (which he ranked fifth). He would have won an additional $225,000 for six gold medals.
Dressel is a seven-time gold medalist. This means he has won a total of $262,500 so far because of Operation Gold Awards.
Duncan won gold in the 400-meter freestyle and silver in the 4×200-meter freestyle relay.
At the 2018 Australian Open, Caeleb Dressel won a gold medal in the 4x
Winning the 2020 Gold Medal is sure to lead to big rewards. On top of cash prizes, athletes expect to receive a new level of sponsorship deals & endorsements, including via commercial collaborations.
In the deal he announces, Dressel took on luxury watchmaker Omega as its newest ambassador.
Dressel has joined the brand’s other ambassadors, including fellow U.S. Olympic champion Michael Phelps, who retired after Rio 2016. The company stated that swimmers Jérémy Desplanches and Chad le Clos also endorse the product.
What Other Benefits Do U.S. Olympic Athletes Receive?
The USOC’s website states that they “provide the highest level of awarding grants to the most likely group of podium-star athletes with a results-driven process.”
Governing bodies get grants by the United States Olympic Committee, which offers assistance to governing bodies and is administered through Performance Partnership Agreements. These governing bodies receive millions of dollars annually. Along with high-performance management as a critical focus of their work.
NGBs designate their best athletes to join the USOPC’s Athlete Performance Pool, giving them grants, financial benefits, Operation Gold payments, and tuition assistance.
The USOPC has a National Medical Network and Elite Athlete Health Insurance that aims to provide the best medical care at the lowest costs possible.
Does IOC pay the Olympic win athletes?
Many countries, including the U.S., have a tradition of awarding medals to their athletes. Yet the International Olympic Committee doesn’t. In addition to awards for Olympic medal wins. The IOC issues a “commemorative diploma” to athletes.
According to the Olympic Charter, “No prizes or awards” are given to athletes other than the medals and diplomas.