"The $200,000 will not all be paid out to the athletes at one time. They will receive two installments of $100,000, with the first installment coming 20 years after the games or once the athlete hits 45, whichever may come first. The second installment will be a guaranteed benefit for the athlete's family after they die. If athletes qualify for multiple games following Milano-Cortina, they will be eligible to earn more."
"U.S. Olympians and Paralympians often struggle with finances following participation in the games. Many work regular jobs and have to balance working and training. To add on, many Olympic sports do not have professional leagues as well, forcing Olympians to find other ways to make a living. But this donation could relieve athletes of stress and allow them to focus on their Olympic performances."
Ross Stevens, founder of Stone Ridge Holdings Group, donated $100 million to the U.S. Olympic & Paralympic Committee to provide athletes greater financial stability. Beginning with the Milano-Cortina Winter Olympics, each U.S. Olympic or Paralympic athlete will receive $200,000 in benefits regardless of medaling. The funds are paid in two $100,000 installments: the first 20 years after the games or when the athlete reaches age 45, and the second as a guaranteed benefit for the athlete’s family after death. Athletes who compete in multiple Games can accumulate additional benefits. Many U.S. competitors face financial strain, balancing jobs and training, and often rely on medal bonuses, sponsorships, and TV revenue, while other countries provide larger government rewards.
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