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Diamond League athletics circuit to increase prize money to record levels

Diamond League athletics circuit to increase prize money to record levels

TOI Sports Desk / TIMESOFINDIA.COM / Sep 18, 2024, 19:46 IST

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The Diamond League athletics circuit has raised its prize money to a record $9.24 million for the next season, representing a nearly 30% increase from previous years. Athletes will vie for prizes between $30,000 and $100,000 per event. This effort aims to improve athlete rewards while ensuring the series' long-term viability.

Diamond League athletics circuit to increase prize money to record levels

Diamond League (Photo Credits: X)

NEW DELHI: The Diamond League athletics circuit has announced a significant increase in its prize money for the upcoming season, setting a new record with a total of $9.24 million.
This adjustment represents a nearly 30% rise from the prize funds allocated during the 2021-2024 period, which were affected by the Covid-19 pandemic.
For the 2025 season, athletes can expect to compete for prizes ranging between $30,000 and $100,000 in each event at every meeting.
Petr Stastny, the Chief Executive of the Diamond League, emphasized the organization's dedication to enhancing athlete rewards while also focusing on the long-term viability of the series.

"The Wanda Diamond League remains committed to rewarding the athletes more, whilst at the same time ensuring the long term sustainability of the series," Stastny said in a statement. "We provide the world's best athletes the opportunity to compete at the highest possible level."
Stastny also pointed out the global reach of the series, noting, "Having competitors from around 100 countries every year allows for TV audiences in 150 countries and territories, making our series a truly universal and global league."

This development in the Diamond League's prize money strategy comes in the wake of the announcement of a new Grand Slam Track league by Michael Johnson, a four-time Olympic gold medalist.
Johnson's initiative, which is set to commence in April of the following year, will include two three-day events in the United States and two international competitions, each offering around $3 million in prize money.
The Diamond League's 2025 season is scheduled to consist of 15 meetings held across 13 countries from April to September.
This expansion in prize money and the introduction of new athletic leagues like the Grand Slam Track league indicate a growing commitment to not only elevating the profile of athletics on the global stage but also to ensuring that athletes are rewarded more generously for their achievements and participation in these high-level competitions.

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TOI Sports Desk

The TOI Sports Desk excels in a myriad of roles that capture the essence of live sporting events and deliver compelling content to readers worldwide. From running live blogs for India and non-India cricket matches to global spectacles featuring Indian talents, like the Chess World Cup final featuring Praggnanandhaa and the Badminton World Championships semifinal featuring HS Prannoy, our live coverage extends to all mega sporting events. We extensively cover events like the Olympics, Asian Games, Cricket World Cups, FIFA World Cups, and more. The desk is also adept at writing comprehensive match reports and insightful post-match commentary, complemented by stats-based articles that provide an in-depth analysis of player performances and team dynamics. We track news wires for key stories, conduct exclusive player interviews in both text and video formats, and file content from print editions and reporters. We keep track of all viral stories, trending topics and produce our own copies on the subjects. We deliver accurate, engaging, and up-to-the-minute sports content, round the clock.

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