|USA Cycling announces 100K Challenge Athlete Incentive Program to reward athletes’ top performances. This program has been created to reward medal-winning performances by American cyclists in the London Summer Olympics.
The 100K Challenge will award stipends for the London Summer Olympics medal-winning performances totaling up to $100,000 for any single gold medal, $75,000 for silver and $50,000 for bronze. This pay-out is among the largest financial reward systems offered by any other cycling nation in 2012.
“This program was designed to present our soon-to-be Olympic heroes with the opportunity to continue the pursuit of cycling beyond the London Summer Olympics, across all disciplines,” said USA Cycling Vice President of Athletics Jim Miller.
“We are very pleased and excited to be able to make this program available to our remarkable athletes competing in London,” said Steve Johnson, president and CEO of USA Cycling. “In addition to funding derived from support by the USA Cycling Development Foundation, the program will incorporate and utilize a collection of new and existing U.S. Olympic Committee and USA Cycling stipends.”
For more information about the USA Cycling's Olympic Games Athlete Incentive Program, please visit USA Cycling Olympics.
About USA Cycling Recognized by the United States Olympic Committee and the Union Cycliste Internationale, USA Cycling is the official governing body for all disciplines of competitive cycling in the United States, including road, track, mountain bike, BMX and cyclo-cross. As a membership-based organization, USA Cycling comprises 70,000 licensees; 2,500+ clubs and teams; and 34 local associations. The national governing body sanctions 3,000+ competitive and non-competitive events throughout the U.S. each year, manages 17 national championship events and is responsible for fostering the identification, development, and support of American cyclists. To learn more about USA Cycling, visit usacycling.org.
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