IOC scraps 130 years of tradition by paying athletes $10,000 at Olympics. The IOC revealed on Wednesday it had set up a ??106m fund that would pay a grant of $10,000 to every athlete, six months after competing

Olympic athletes to get cash grants from new $100M fund created by IOC. The International Olympic Committee is to pay more than $100 million to athletes. It's creating a fund for $10,000 grants for which they can apply after competing at a Summer or Winter Games.