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 and 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 $38,000 while a silver medalist will get $23,000, and a bronze winner gets about $17,500. The identical amounts apply to Paralympic Games athletes.
As a result of his 5 Gold wins at Tokyo 2020, Dressel gets rewarded $187,500 in Operation Gold Award payments. He scored gold in the 4×100-meter medley relay,
If Dressel had also won the mixed 4×100-meter medley race (which he ranked fifth in), he would have won an additional $225,000 for a total of 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, silver in the 4×200-meter freestyle relay.
At the 2018 Australian Open, 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 expected to receive a new level of sponsorship deals & endorsements, including via commercial collaborations.
With his recently announced deal, Dressel is taken on by 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.”
Grants are given to governing bodies by the United States Olympic Committee and administered through Performance Partnership Agreements. Millions of dollars in grants are given every year to these governing bodies, 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 with 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, but 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.