IOC to give all Olympic athletes $10,000 grant

The International Olympic Committee has decided to provide athletes competing in the Olympics with a $10,000 participation grant per person instead of prize money.

The move is aimed at offering universal benefits to all athletes who reach the Olympic stage, rather than limiting rewards to medalists.

According to the Associated Press, the IOC announced during its 146th Session held Wednesday in Lausanne, Switzerland, that it would create a fund worth up to $140 million to directly support athlete ...