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News, Blog and GuidesWe take a look at the rewards available to the participants of the Paris 2024 men’s Olympic golf event in Guyancourt.
Calum RocheEnglish_ASWilliam AllenWAS_AllenUpdate: Aug 4th, 2024 12:11 EDT0
JOHN MACDOUGALLAFP
American golfer Scottie Scheffler demonstrated his world number one ranking on Sunday with a remarkable round of 62 (9 under par) on the final day, clinching the gold medal in the men’s golf tournament at the Paris 2024 Olympic Games, which began on Thursday at Le Golf National.
The 2022 and 2024 Masters champion was consistently in the mix during the first three days without showing any obvious signs of dominating. However, like all champions, he reserved his best for the crucial final day. Silver went to Team GB’s Tommy Fleetwood and bronze to Hideki Matsuyama representing Japan.
#GOLD for USA! 🇺🇸Scottie Scheffler wins the men's golf individual stroke play. ⛳ A second gold for USA in this event since it was reintroduced at Rio 2016.@TeamUSA | @OlympicGolf | #Golf | #Paris2024 | #Samsung | #TogetherForTomorrow pic.twitter.com/PnniLpgaPc
— The Olympic Games (@Olympics) August 4, 2024
Olympic prestige, but no ‘direct’ prize money
It’s worth noting that there is no official prize purse at the men’s Olympic golf tournament, in which Scheffler’s compatriot Xander Schauffele had been looking in contention to defend the crown he claimed in Tokyo in 2021.
However, while the event’s organisers are not offering any cash incentives to participants, golfers can still earn prize money through their national Olympic committees. What’s more, other non-financial benefits are up for grabs.
A win for the Schefflers! 🥰#Paris2024 | #Olympics pic.twitter.com/gt6GtdIzUr
— Olympic Golf (@OlympicGolf) August 4, 2024
USOPC prize payouts for medal winners
While the Olympic golf tournament doesn’t come with a direct prize payout, the United States Olympic and Paralympic Committee is to give Team USA athletes across all sports $37,500 per gold medal. The USOPC is also offering competitors $22,500 for every silver, and $15,000 per bronze.
Other countries’ Olympic committees are also offering such incentives, with many ready to fork out significantly more than the USOPC. According to information collected by Forbes magazine, Hong Kong’s athletes are on the most money: $768,000 per gold medal. Fourteen other national committees are also prepared to pay six-p sums to Olympic champions, including those from Italy, Malaysia and Spain, who have participants in the men’s golf event.
Gold in his Olympic debut 🇺🇸🥇Scottie Scheffler is unstoppable!#ParisOlympics pic.twitter.com/5ZJ9xyZp8t
— Team USA (@TeamUSA) August 4, 2024
What else is at stake in Olympic golf tournament?
Money aside, success in the Olympic golf event is worth points in the Official World Golf Ranking, while the winner will receive a place at the 2025 editions of all four major tournaments: the Masters, the PGA Championship, the US Open and the Open Championship.
Such benefits are particularly useful to players who have left the PGA Tour for the breakaway, Saudi-backed LIV Golf tour. They cannot earn world-ranking points in LIV Golf events, leading their OWGR placing to suffer. The Olympics, therefore, offer a rare opportunity to improve their position.
