"Paris 2024 Olympics: Track and Field Gold Medalists to Receive $50,000 Prize"
Track and field will be the first sport to offer prize money at the Olympics, with gold medalists at the Paris Games set to receive $50,000 each. This move marks a departure from the amateur past of the Olympics and is intended to recognize athletes as the stars of the show. The prize money will come from the share of Olympic revenue that the IOC distributes to World Athletics. However, this decision was made without prior consultation with the International Olympic Committee, potentially upsetting the balance of power in the Olympic movement.