Tokyo Olympic medallists and their coaches to be awarded with prize money by Jamaican government

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Jamaica: The Jamaican athletes who represented and won medals at the Tokyo Olympics 2021 would be proffered with a money reward package worth $41 million, including the coaches. 

The announcement of the prize money package, in a joint press release, was made by the Jamaica Olympic Association – JOA and two of its important sponsorship partners, Supreme Ventures Limited, the Supreme Ventures Foundation, and Mayberry Investments. The association with its sponsorship partners stated that they had come together to give an ‘Olympic Rewards Programme’. 

The package would be supplemented by additional contributions of $6 million from Mayberry Investments and $5 million from the JOA. 

The athletes who finished first and won a gold medal for the island country will receive a $6-million reward, while those who bagged a silver medal will benefit with a $4-million reward and for bronze prize money of $2 million. 

The $6-million reward would be shared among players of Jamaica’s first-place 4×100 metres women’s squad that won gold, while for the women’s 4×400 metres relay squad that placed third, and a $2 million would be shared among the players of the squad.

The teams’ coaches who bagged medals at the Tokyo Olympics would be rewarded, getting $1 million for each athlete who gained a gold medal, $750,000 for each athlete winning second, and $500,000 for the coach whose players bagged Bronze medal at the Olympics.

The JOA president Christopher Samuda stated, “For the Jamaica Olympic Association, this partnership signifies critical features of our vision for the future of the business of sport plus emphasises our conviction that the lives of athletes and coaches matter beyond the present.” 

He further added, “The Supreme Ventures Foundation will be rewarding the athletes that medalled at the recently ended Olympic Games in Tokyo to the tune of $30 million.” 

 This coaching reward is only suitable to individual medallists and not to relays.