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Daily Monitor
Friday July 30 2021
Summary
National Council of Sports (NCS) is committing to rewarding athletes who win either Gold, Silver or Bronze and give Uganda mileage as billions of eyes watch on television in every corner of the world
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The Uganda national anthem is played. The flag is raised. That’s the reward for becoming an Olympic champion. However, athletes don’t get paid for taking part in the Olympic Games, or winning.
Competing at these games is the most prestigious moment any sportsperson can live through, at par with the World Cup across the other sports disciplines.
National Council of Sports (NCS) is committing to rewarding athletes who win either Gold, Silver or Bronze and give Uganda mileage as billions of eyes watch on television in every corner of the world.
More than 600 U.S. athletes are competing at the Tokyo Olympics, and the United States has so far won 11 gold, 11 silver and 9 bronze.
The U.S. Olympic and Paralympic Committee rewards athletes $37,500 for every gold medal won, $22,500 for silver and $15,000 for bronze. Most of that prize money is not taxable unless athletes report gross income that exceeds $1 million.
In comparison, Singapore rewards its gold medalists nearly 20 times more than the U.S. Players who clinch their first individual gold medal for the city-state stand to receive 1 million Singapore dollars ($737,000). The prize money is taxable and awardees are required to return a portion of it to their national sports associations for future training and development.
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What to know about the Olympic Opening Ceremonies in Tokyo
What to know about the Olympic Open.
The Tokyo Olympics get underway Friday with the Opening Ceremonies, the once-every-two-years display of pomp, circumstance, parades, oath-taking, flame-lighting and various cultural oddities.
While the International Olympic Committee sets a pretty strict format for these type of events, a few things will differentiate this year s proceedings in Tokyo, most conspicuously that they will take place in an empty stadium because of the coronavirus pandemic and will begin three years after the previous Opening Ceremonies, at the PyeongChang Games.
Here s what you can expect as the Tokyo Games finally get going.