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FOR IMMEDIATE RELEASE
November 3, 2015 |
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USATF, athletes sign MOU for revenue distribution model
INDIANAPOLIS - USATF and its Athletes Advisory Committee (AAC) have signed a memorandum of understanding (MOU) for a USATF Revenue Distribution Plan that will deliver an additional $9 million in cash to athletes over the next five years.
USATF CEO Max Siegel and AAC Chairman Dwight Phillips signed the MOU, which memorializes the structure of the plan announced in September. Beginning in 2016, roughly $1.8 million per year in additional, cash funds will be distributed to athletes over and above current funds available through USATF Tier funding, development funding and other programs. Roughly 75 percent of the funds will be evenly distributed among athletes who qualify for and compete on that year's U.S. Team at the IAAF World Outdoor Championships or Olympic Games. The model will provide roughly $10,000 annually for each athlete who makes and competes on the World Championships or Olympic Teams.
The remaining 25 percent will be distributed as medal bonus money for individuals medaling at that year's World Outdoor Championships or Olympic Games, with $25,000 for gold, $15,000 for silver and $10,000 for bronze. For relays, the number of athletes who run at least one round on that medal-winning team will share equally in the amount of the bonus for that medal.
Final details for the revenue model will be established at the 2015 USATF Annual Meeting, December 3-6 in Houston, Texas.
"We are very pleased that we continue to move forward to finalize this groundbreaking revenue distribution model," Phillips said. "Our entire AAC leadership team has been working closely with USATF staff and the athletes we represent to ensure this model is as strong as it can be."
"Athletes have called for cash support for decades, and we are thrilled to be able to move forward together as the 2016 Olympic Games approach," USATF CEO Max Siegel said. "The model we are establishing is the first step in what will be a continuing evolution."
Under the expanded funding model, a Tier 1 athlete who wins a national title and competes on Team USA without medaling will enjoy a base of roughly $45,000. A Tier 1 athlete who wins a national title and one gold medal at a World Championships or Olympic Games will see their support from USATF reach $95,000, excluding IAAF World Championships prize money, personal endorsement contracts and other prize money or appearance fees.
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About USA Track & Field
USA Track & Field (USATF) is the National Governing Body for track and field, long-distance running and race walking in the United States. USATF encompasses the world's oldest organized sports, some of the most-watched events of Olympic broadcasts, the country's #1 high school and junior high school participatory sport and more than 30 million adult runners in the United States. For more information on USATF, visit usatf.org.
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