Sun Yang's Massive Endorsement Deals to be Shared by Other Olympic Swimmers, Federation -- August 11, 2012

LONDON, England, August 11. CHINA's Sun Yang, who became the first Chinese swimmer to earn Olympic gold with a pair of them including a stunning world-record in the men's 1500 free at the 2012 London Olympics, is in line for a huge payday with nearly $20 million in endorsement funds coming his way.

Sun, who is in line to make $18 million throughout the next year as part of a sponsorship deal with Coca Cola, shoe company 361 Degrees and dairy goods manufacturer Yili, will also be required to share part of those funds to the rest of the Chinese Olympic swim team according to Yahoo Sports. His contract with the Chinese Swimming Federation requires that around one-third of those funds must be turned over to the rest of the Olympic swim team.

On top of one-third of the funds going to his teammates, he is also required to turn over another third to the Chinese Swimming Federation. According to Xinhua, most Chinese athletes also sign the same contract with the government-run federations. China has claimed that Sun's training has cost the government $1.57 million, some of which went to Australian coach Denis Cotterrell for training Sun.

"What the Chinese offered me for a month, I could live on for a year," Cotterell told Yahoo Sports.

Sun's overall endorsement deal is the most ever for any Olympic gold medalist in China, and at just 20 years old, he has at least the 2016 Rio Olympics, and possibly 2020 ahead of him to earn even more endorsement dollars.

Full Yahoo Sports article.

Search For More News About: Sun Yang

Become a 30 day Total Access Subscriber for only $3.95

Reaction Time
Sponsored by Colorado Time Systems
Submit Your Comments to This Story (Free)
Terms of Use
Yang Sun (CHN) celebrates after setting a new world record at 14:31.02 and winning the gold medal in the men's 1500m freestyle final during the London 2012 Olympic Games at the Aquatics Centre.
Courtesy of: Rob Schumacher-USA TODAY Sports


Special Offer!