All eyes are on Team USA as they compete at the Milan-Cortina Games, but win or lose, all U.S. Olympians and Paralympians are going home with a prize.
Billionaire Ross Stevens has pledged $200,000 to every U.S. Olympian to help them gain some financial security after their careers end.
More complicated than a $200,000 check
The payout is more complicated than a $200,000 check arriving upon Team USA’s return from Milan.
The athletes will get the first $100,000 at age 45 or 20 years after their first qualifying Olympic appearance, whichever comes later. Another $100,000 will be given as a guaranteed benefit for their families after they pass away. Athletes are eligible for the award for each Olympic Games they compete in, and the awards are funded until the 2032 Olympics in Brisbane, Australia.
