A hefty payday for Finnish athletes from medals – Billionaire did even better in the USA
Finnish athletes receive substantial sums for Olympic medals, with additional bonuses possible from sports federations and sponsors.
The Finnish Olympic Committee's high-performance sports director Janne Hänninen announced that Finnish athletes earn 50,000 euros for gold medals, 30,000 euros for silver, and 20,000 euros for bronze. Ice hockey teams collectively receive 100,000 euros for a gold medal, 60,000 for silver, and 40,000 for bronze, which are distributed through an athlete fund that is subject to taxes upon withdrawal. Athletes also have the option to use these funds for sporting expenses.
In addition to the payments from the Olympic Committee, medalists may receive bonuses from their sports federations, as well as potential individual agreements within athlete contracts. Petter Kukkonen, the high-performance director of the Finnish Ski Association, noted that while a compensation structure likely exists within athlete contracts, he cannot disclose details as they are personal agreements between the federations and athletes. This adds another layer of financial support for athletes succeeding on the international stage.
Moreover, it is common for clubs, sponsors, and hometowns to recognize Olympic medalists with various awards and prizes. Successful Olympians may eventually qualify for additional state athlete pensions, further enhancing their financial prospects after achievement on the world stage. This robust system of rewards illustrates the importance of supporting Finnish athletes and the recognition of their contributions to national pride and sports.