Uncategorized Joseph Schooling to get a cool $1 million for winning gold

Joseph Schooling to get a cool $1 million for winning gold

Author

Date

Category

- Advertisement -

Joseph Schooling who is an athlete at the University of Texas is bound by the National Collegiate Athletic Association (NCAA) rules, which prohibits student-athletes from receiving cash rewards. But there is a loophole around it and Schooling will take advantage of it to receive a cool $1 million from the Singapore Government.

USA Today reported: “The exception allows athletes to keep money from their country’s national Olympic governing body based on their finish in one event per year that is designated as the highest level of international competition for the year by the governing body. For American athletes, this works under the U.S. Olympic Committee’s Operation Gold program.”

The Singapore National Olympic Council (SNOC) in the 1990s, under the direction of then President Dr. Yeo Ning Hong, devised an incentive scheme to reward medal-winning athletes. The Multi-Million Dollar Award Programme (MAP) provides a cash payout to athletes who win medals at the Olympic, Asian, Commonwealth and South East Asian (SEA) Games.

The largest gold medal award is $1 million, payable to the athlete who claims an individual gold medal at the Olympic Games.

- Advertisement -

The Tote Board/Singapore Pools (Pte) Ltd is the primary sponsor of the SNOC MAP awards.Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Quick succession plan may be needed to safeguard the economy

Singapore—A Bloomberg report says that Deputy Prime Minister Heng Swee Keat's bowing out of contention to be the next Prime Minister, announced on Apr 8, should not come as too much of a surprise, given the results of last year’s general...

WP MPs invited to Masjid Al-Mawaddah, the “loving and affectionate mosque”

Singapore — Workers' Party (WP) MPs representing Sengkang GRC were invited to the area's Masjid Al-Mawaddah on Sunday (Apr 11), together with Aljunied GRC MPs Muhamad Faisal Abdul Manap and Pritam Singh, who is also party leader. We were extremely honoured to...

Out of Singapore’s succession hiccup, a good leader may emerge

The shock announcement by Deputy Prime Minister Heng Swee Keat that he will not be Singapore’s next Prime Minister has put paid to the notion that Singapore politics is stable and predictable. Instead, this surprising development spells a period of uncertainty...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

Theindependent