How Much Did Team USA Players Earn for Winning Gold Medal in Basketball at Paris Olympics 2024?

Find out how much Team USA players earned for their gold medal win at the Paris Olympics 2024. Dive into the financial details and see how this achievement impacted their earnings. Read more.

By Rakesh Mehra

Updated on Aug 11, 2024 | 08:19 PM IST | 84.9K

Image Courtesy: Twitter

Team USA claimed the men's basketball gold medal at the 2024 Paris Olympics by defeating France 98-87. This win marks the U.S. team's fifth consecutive Olympic gold. Steph Curry led the charge with 24 points, including four crucial three-pointers in the final minutes. LeBron James added 14 points, while Kevin Durant contributed 15. Despite a strong performance from France, led by Victor Wembanyama's 26 points, Team USA's dominance in Olympic basketball continues with this victory, bringing their total to 16 gold medals.

For USA basketball, participating in the Olympic Games is both a source of national pride and a significant milestone in the players' careers. Additionally, winning a fifth consecutive Olympic gold (Beijing, London, Rio, Tokyo, and Paris) and the 17th overall provides both collective and individual incentives. Durant made history as the first basketball player to win four Olympic gold medals, surpassing Carmelo Anthony, while LeBron, the team’s all-time leader in Olympic assists, is pursuing his third gold after victories in London 2012 and Rio 2016.

Moreover, reaching and winning an Olympic final brings economic benefits, including direct payments, bonuses, and additional income from sponsorship deals. In contrast to professional sports leagues like the NBA, where players earn substantial salaries, athletes representing the United States at the Olympics receive lower financial compensation. The primary forms of direct compensation are as follows:

Travel and daily expenses: Each player on the U.S. basketball roster receives daily allowances to cover costs during training and competition at the Olympics. These payments help offset expenses related to travel, lodging, and other necessities.

Performance bonuses: The United States Olympic and Paralympic Committee (USOPC) provides monetary rewards for medal winners. For example, during the Tokyo 2020 Olympic Games, the bonuses were:

$37,500 per player for winning a gold medal
$22,500 per player for winning a silver medal
$15,000 per player for winning a bronze medal

Since the Tokyo Games took place three years ago, the bonuses for the upcoming edition will likely be higher. Although the financial compensation for the U.S. basketball team at the Olympics may seem modest compared to their professional earnings, the overall financial and non-monetary benefits are significant.

The 2028 Summer Olympics, officially called the Games of the XXXIV Olympiad, will be held in Los Angeles from July 14 to July 30, 2028. This will be Los Angeles's third time hosting the Summer Games, following the events in 1932 and 1984.

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