Joseph Schooling’s $750,000 Olympic Gold Bonus Raises Questions in the NCAA

Wasn’t Schoolings gold medal Singapore’s first swimming gold medal ever? It was history for them. What if USA swimming had only one swimming medal. Think about all of the prize money they wouldn’t be handing out. Do you think USOC would boost the prize money to help incentivize our athletes to be better? For Singapore a country that now only has one gold swimming medal, that could be what they did. On another topic, I believe swim swam reported he gave the money to his parents to pay off their loans. Honorable if you ask me.

Regardless of the amount, if the bonus was established prior to the Olympic Games and every athlete had an opportunity to earn the same value in money, then I don’t see the problem.

Education in the states is not cheap. The family incurred debts twice the amount awarded. And Spore will never get the chance to award another swimmer for a gold Olympic medal while he/ she swims for NCCA, not for the next hundred years.

Do the maths. After taxes and mandatory contribution to Spore swim association, it’s just $500,000, which will settle a part of the debts incurred from bank loans taken out to educate Schooling in the US.

NCAA know your place. If it’s an NCAA swimming event by all means implement your NCAA rules.

I think the NCAA is just upset they did not get a cut of the winnings.

What?….does the NCAA want a cut or are they pulling the liberal card saying it’s not “fair”?

Envidiosos dejen que él disfrute su premio por el enorme esfuerzo

Ridiculous.

its simple. if you are an amateur, you play/swim for love. if he takes the money, he gives up being an amateur and gives up his right to compete at the collegiate level.

This is nonsense. He didn’t “go pro” or renounce his “amateur” status in any way. He went to a meet, won his race, and was rewarded accordingly by the team he represented. The NCAA has nothing to do with this happening at all and should therefore have no governing power over any Olympic medal rewards.

Investment in US studies etc. cost millions. Havent anybody thought about it ? Champs from USA are choosen from 200m population. Spore barely has 3m to choose from. Fo that matter if all medalist in USA were rewarded under the same scheme it would cost 60 over million(fraction of a fighter jet) over 4 yrs for a 4 yrs budget of ?? $ trillions…common USA…certainly NCAA could do better to lobby more for athletes. Having said nett 700 500k in Spore will buy schooling only the smallest govt flat of 75 sq m. If in USA he would (like US atheletes) been able to buy 5 big landed properties. Please NCAA do not be red eye but look at the case in perspective. Rather lobby for higher rewards for yr guys. Yes they deserved more certainly much more than 15k 25k…4/6/8 x more ???
Helicopter view….

OK, replying as a Singaporean. The money that was given to schooling, he did not receive the whole sum. A rather significant portion of it was “paid” to the Singapore swimming association.

And this money are not endorsements. They are considered as salary and bonus for a job well done.

Schooling is no longer an amateur in the world of swimming if you can defeat 3 favourites to an olympic gold medal.

And lastly, Yes it’s Singapore’s money. It’s Singaporean’s money.

SHAME on the NCAA and their unrelenting micromanagement of athletes for their financial benefit, while they make 1.1 BILLION dollars a year off their talent and hard work. This was the Olympic Games and country of Singapore money, neither of which the NCAA has any jurisdiction in. Go bark up another tree or better yet start paying college athletes directly for their contributions to your organization. And in the meantime the USA should up their bonus system for Olympic Medalists, so the best athletes that train and live in the US don’t represent other countries that pay better.

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