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DO OLYMPIC MEDALISTS AND SUPER BOWL CHAMPS WIN ANY BONUS MONEY?

Let me start with the National Football League.  

  • First of all, a high school football player has one chance in 1250 to become a NFL player.  But if you make it, the median salary is $860,000/year.  
  • The top earners are quarterbacks, ranging from Patrick Mahomes ($45 million) to #11 Ryan Tannehill ($29.5 million).  
  • Super Bowl QBs Matt Stafford is at #15 with $27 million and Joe Burrow around $9 million.  
  • But it's not as simple as that, for Matt Ryan has a cap hit of $48,662,500, Josh Allen will get this year $46,961,405 in cash.
    • Mahomes has a 10-year contract worth $450,000,000.
    • Tom Brady has so far earned $320,232,980 in all his professional years.
  • Maybe it's safest being a kicker, as the average playing time with the league is seven years, the average kicker makes $1.8 million/year, and the league has penalties if an opposing player just touches one.
  • Also consider that players are free around half of the year.

All that information to tell you that each Super Bowl player:

  • Has already earned $150,000 extra in playoff bonuses leading to this game.
  • The winning team will get an additional $150,000 each, while the losing team will earn $75,000.
In short, if you are a star quarterback and win the Super Bowl, this playoff/SB bonus would be less than 1% of your annual salary.  However, if your annual salary is at the median, this playoff/SB bonus would be around 25%.

About the Olympics, the value of winning money for a gold medal depends on whether you are a professional athlete or not.  The National Hockey League is again sending zero players to this Beijing Winter Olympics, but keep in mind that the better players earn more than $10 million/year.  The Summer Olympics always has professionals, and Lionel Messi last year earned $110 million, including endorsements.

And, by the way, are professionals allowed in the Olympics?  At one time, no.  Finally in 1986 the International Olympic Committee loosened up, allowing pros in certain sports.  Early on only younger ones were allowed.  Then any age.  The 1992 Barcelona Summer Games featured for the first time NBA stars, and drew Michael Jordan and Magic Johnson on a Dream Team.  In 1998 at the Nagano Winter Olympics, all NHL players were permitted.

So about winning gold medal in Beijing, it depends on the country.  Here are some examples:
  • Italian curlers Stefania Constantini and Amos Mosaner won the Gold for mixed doubles.  They each will get $205,000 from their national government.
  • Polish ski jumper Dawid Kubacki only got a bronze for the men's normal hill, but earned a bonus of $12,5000, and a monthly payment of $850/month when he turns 35.
  • Slovakian skier Petra Vlhova earned more than $57,000 for her gold in the slalom.
  • As of today, the USA had 11 medals, and paid off $607,500.  Lindsey Jacobellis has won two golds and will get $75,000.
  • The case of the Liu brothers representing Hungary is interesting.
    • Shaolin Sandor Liu appeared to win the gold in the 1000 meter short track race for a bonus of $160,000.  However, he was assessed penalties and got no medal and no money.
    • His brother Shaoang did get a bronze medal, for which he received $92,000 and a monthly stipend for life at the age of 35.
  • Brazil, Great Britain and Norway offer no bonuses.  Surely, though, there will be commercial endorsements coming to gold medalists.
Today is the Super Bowl, but NBC should draw a large audience for the women's monobob, where two Americans are doing well.  There will also be an ice dancing final.

- 

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