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Olympic athletes to get cash grants from new $100M fund created by IOC
By AP via Scripps News Group at WXYZ Channel 7 (ABC Detroit) - News
· June 24, 2026
· 3 min read
It's not Olympic prize money officially, but it is a significant amount of cash going directly to athletes after a Summer or Winter Games.The International Olympic Committee pledged Wednesday to pay more than $100 million to athletes through 2028 by creating a fund for $10,000 grants for which th...
Key takeaway Instead, IOC member and former NBA star Pau Gasol announced the project which will first be open to nearly 2,900 athletes who competed at the 2026 Milan Cortina Winter Games.
Why this matters in The Detroit
The International Olympic Committee's decision to create a $100 million fund for athletes will have a direct impact on Detroit 's own Olympic hopefuls. With the 2028 Summer Olympics in Los Angeles just around the corner, local athletes competing in those games will be eligible to apply for $10,000 grants. This move by the IOC addresses the long-standing issue of supporting athletes beyond their Olympic participation, and Detroit's athletic community will likely welcome this development. As the city continues to nurture its own sports talent, this new fund could provide a significant boost to local athletes who have represented Detroit on the national and international stage. The fact that around 11,000 athletes, including those from Detroit, will be able to apply for grants after the 2028 Los Angeles Summer Games, underscores the potential for this initiative to make a tangible difference in the lives of local athletes.
About this story
Original reporting by WXYZ Channel 7 (ABC Detroit) - News . The Detroit surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: local ·
Published: June 24, 2026 ·
Source: WXYZ Channel 7 (ABC Detroit) - News ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? It's not Olympic prize money officially, but it is a significant amount of cash going directly to athletes after a Summer or Winter Games.The International Olympic Committee pledged Wednesday to pay more than $100 million to athletes through 2028 by creating a fund for $10,000 grants for which th...
When was this published? This article was first published on June 24, 2026 by WXYZ Channel 7 (ABC Detroit) - News and curated for The Detroit readers.
Who reported this story? This story was reported by AP via Scripps News Group at WXYZ Channel 7 (ABC Detroit) - News. To learn more about how The Detroit selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Detroit, or browse our daily briefing and topic hubs .
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