The US Olympic team receives a record donation of 100 million US

The US Olympic and Paralympic Committee (Usopc) announced a record donation on Wednesday, the athletes who qualify for the Olympic team are supported in the long term.

Ross StevensThe founder and CEO of the Stone Ridge Holdings Group donated 100 million US dollars to the USOPC, which, after their sporting career, corresponds to the funding of the Olympion's funding.

From the 2026 Winter Olympics in Cortina next year, the US Olympies and Paralympians will receive 100,000 US dollars and the applicable benefits for life insurance. An athlete receives 200,000 US dollars for all Olympic Games or Paralympic Games in which he competes. So if an athlete competes in three games, you will receive payments of 300,000 US dollars and 300,000 US dollars of life insurance benefits for a total of 600,000 US dollars.

Payments of $ 100,000 are 20 years after their qualification games or if they are 45 years old, depending on which value is later. The subsidy will be used over the course of four years “and can be used for any purpose, e.g. a company or the support of your families”.

The Stone Ridge Holdings Group is a financial company that focuses on alternative investment strategies, including crypto and art.

“The Olympic and Paralympic Games are the ultimate symbol of human excellence,” said Stevens in a statement. “I don't think the financial uncertainty should prevent the elite athletes of our nation from breaking through new limits of excellence.

“Team USA athletes, extraordinary people, have proven that they can reach size and proudly represent our incredible country. The Stevens Awards honor the victims who provided them on behalf of all Americans and at the same time inspire the development of their dreams in the post-Games chapter of their lives. “

The Stevens Financial Security Award begins with the Winter Olympics next year and runs through at least the 2032 summer games in Brisbane.

Financial breakdown

• $ 100,000 to life: justified athletes can access this award 20 years after their qualified games or at the age of 45, depending on what is later. The grant is paid for four years and can be used for any purpose, e.g. B. a company or the support of their families.
• 100,000 US dollars for protection: Athleted athletes receive a guaranteed advantage for their families or selected beneficiaries after their death.
• Multiplier effect: justified athletes receive an advantage of 200,000 US dollars for each Games in which you compete. For example, an athlete who takes part in three Olympic or Paralympic games would receive 600,000 US dollars.

Instead of being financed by the government, the United States belongs to the few countries that depend on sponsoring, media transactions and fundraisers to finance the Olympic program and its athletes. Other countries that do not receive complete state funds are Canada, Australia and New Zealand.

Without state funds, US athletes have fought financially during and after their sporting career. Usage president Christine Walshe Last year, 57% of the US athletes earn $ 50,000 or less per year.

“In the heart of every team in the USA is a story of commitment, victim and triumph,” said the USOPC chairman Gene Sykes.

“These extraordinary people have committed their lives to their sport, often at the expense of traditional career paths and financial savings. If you approach the end of your competitive trips up to 25 or 30, many are the discouraging reality: the lack of financial savings to support you and your relatives in your post-athletic life. “