Results 1 to 9 of 9

Thread: American Gold Medals now worth $250,000.00

  1. #1

    Default American Gold Medals now worth $250,000.00

    During the gold-medal finals of the World Team Trials in Council Bluffs, Iowa on May 30, USA Wrestling made a major announcement that has the Olympic sports community buzzing.

    A new program, the Living the Dream Medal Fund, has been established which will substantially increase the financial rewards for U.S. wrestlers who win Olympic and World medals during the next four-year Olympic cycle.

    Any U.S. wrestler who wins a gold medal at the 2012 Olympic Games in London, England will receive a quarter-million dollars.
    Silver medalists in London will earn $50,000 and bronze medalists in London will receive $25,000

    The payout for a World Championships medal in 2009, 2010 and 2011 will be $50,000 for a gold, $25,000 for a silver and $15,000 for a bronze.

    The Fund will be maintained as a restricted and segregated fund by USA Wrestling.* It will be overseen by a board that includes representatives of USA Wrestling as well as the group of stewards who have helped establish the Fund and will assist in financially underwriting it.

    In addition to the support of the stewards, the funding will also come from a public fundraising program as well as from existing support from USA Wrestling and the U.S. Olympic Committee. Contributions to this Fund will only go directly to pay the awards to each athlete that achieves a spot on a World or Olympic podium.

    Included among the stewards are all three Team Leaders for the U.S. wrestling programs: Mike Novogratz (freestyle), Dave Barry (Greco-Roman) and the family of Kim Martori-Wickey (women). Other initial stewards in the program include Rich Tavoso, Stan Dziedzic and Joe Alpert.

    "This fund has the soul purpose of increasing the stipends our athletes get for winning a medal, for making it to the podium at the World Championships or Olympic Games," said Mike Novogratz during the announcement in Council Bluffs. "We thought about this as a way of showing our appreciation, and the wrestling community's appreciation, for the hard work, sacrifice and dedication that these young men and women go through."

    USA Wrestling has set up a website for the Living the Dream Medal Fund, where wrestling supporters can make donations to the project. People have been asked to give donations from $5 to $5,000 to the fund.

  2. #2

    Default Re: American Gold Medals now worth $250,000.00

    Great idea, but we still need to pay the 2-10 guys more money to stick around and train. We need people to challenge the #1 guy or he won't get any better.
    I will smash your face into a car windshield and then take your mother, Dorothy Mantooth, out to a nice seafood dinner and never call her again!

    Tell me about it, this morning, I woke up and I shit a squirrel, but what I can't get is the damn thing is still alive. So now, I've got a shit covered squirrel running around my office and I don't know what to name it.

  3. #3

    Default Re: American Gold Medals now worth $250,000.00

    Definitely a step in the right direction, I'll gladly chip in some cash for that...

  4. #4

    Default Re: American Gold Medals now worth $250,000.00

    Its cool that they are finalyy going this route, but i would think that Silver could garner a little bit more, maybe 100k and a bronze 50k?

    also i think maybe this will push the #2-10 guys to hang around and push for that top spot.
    Like Billy Jacks' soul attack, I'm one Injun you wont forget.

    www.euromitsu.com

  5. #5
    Administrator Gold's Avatar
    Join Date
    Jan 2008
    Location
    Cambridge, OH
    Posts
    5,188

    Default Re: American Gold Medals now worth $250,000.00

    Quote Originally Posted by Pimach View Post
    Its cool that they are finalyy going this route, but i would think that Silver could garner a little bit more, maybe 100k and a bronze 50k?

    also i think maybe this will push the #2-10 guys to hang around and push for that top spot.
    I think it would be nice if silver winners got a little more too, but they need to be realistic about how much money they will be able to raise right now. Imagine if somehow this Olympic year we had 2 Gold medalists. $500,000 in donations is a lot to count on, in my opinion.


  6. #6

    Default Re: American Gold Medals now worth $250,000.00

    Still doesn't even come close to Russia's $2,000,000 reward for Olympic golds. Plus, the cars the wrestlers get. Some even get apartment.
    TRAIN LIKE A MADMAN!

  7. #7

    Default Re: American Gold Medals now worth $250,000.00

    Quote Originally Posted by grecowrestler13 View Post
    Still doesn't even come close to Russia's $2,000,000 reward for Olympic golds. Plus, the cars the wrestlers get. Some even get apartment.
    It doesn't come close to what WWE World Heavyweight wrestling champions earn either, but it's a hell of an increase to what's presently awarded.
    Lets go Brent!

  8. #8

    Default Re: American Gold Medals now worth $250,000.00

    Quote Originally Posted by Pimach View Post

    also i think maybe this will push the #2-10 guys to hang around and push for that top spot.
    Exactly. That's why the Bellator Fighting CHampionships in MMA have turned out such awesome fights. It's a tourney with a big payoff in the end, and so guys are more likely to push and train for the big cash.

    As far as the silver and bronze being worth more, hell no. Especially with two bronzes being awarded these days! It should be an insanely higher amount for gold because quite frankly, it's where America has gotten it's ass kicked in the past few Olympics.

  9. #9

    Default Re: American Gold Medals now worth $250,000.00

    The link is up:

    http://www.living-the-dream-medal-fu...hp?page=donate

    Go ahead and donate folks

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •