Carlos Yulo will get P10M per Olympic gold medal – Pagcor
MANILA, Philippines — Gymnast Carlos Yulo will get a P10-million cash gift from the Philippine Amusement and Gaming Corporation (Pagcor) for each gold medal he won at the 2024 Paris Olympics, its Chairman Al Tengco said on Tuesday.
Tengco announced it during the House committee on appropriations’ hearing on Pagcor’s contributions to the national budget.
“As provided by law, for the gold medalists, Pagcor is mandated to give an athlete who wins a gold P10 million, so since he has two golds, Mr. Yulo will have P20 million. I have not announced this in public, so this is the first time,” he said.
“The coach and the trainer of Mr. Yulo will receive 50 percent of what Pagcor will donate, so in that case, Mr. Yulo will receive P20 million, P10 million per gold that he was able to produce. And then his coach and trainer will receive a total of P10 million… basically, P5 million per gold,” he added.
Tengco said silver and bronze medalists will also get an incentive of P5 million and P2 million, respectively, and their trainers will receive P2.5 million and P1 million, respectively.
Northern Samar 1st District Rep. Paul Daza asked Tengco if other government agencies are also required to give cash incentives to athletes.
According to the Pagcor chair, he thinks they are the sole agency required to give cash grants.
“As far as I am concerned, it is only Pagcor primarily because part of our mandate is to make sure that we take care of the Philippine Sports Commission, and we have an incentive program for all the athletes that compete in any competition here within the Philippines or overseas,” he explained.
Yulo made history after securing two successive victories at the 2024 Paris Olympics – a gold in the men’s artistic gymnastics final on Saturday night and another gold during the men’s vault finals on Sunday night.
Several agencies and companies have pledged incentives for Yulo.
Speaker Ferdinand Martin Romualdez on Monday said Yulo would also receive P3 million from the House of Representatives per gold medal, which means he is now slated to get P6 million.
News
Kris Aquino ‘almost healthy’ na
Kris Aquino ‘almost healthy’ na Ibahagi AYAW mag-comment ni Kris Aquino sa comment ng isang netizen na “I hope you sisters wont’ fight like the Barretto wild crazy sisters! Lol!!!” Sagot ni Kris, “You know that they are grieving, right? and there’s…
COCO MARTIN, IBINAHAGI KUNG PAANO NIYA IDINIREK SI JULIA MONTES SA SET: ‘MADALI KASI KILALA KO NA SIYA’
COCO MARTIN, IBINAHAGI KUNG PAANO NIYA IDINIREK SI JULIA MONTES SA SET: ‘MADALI KASI KILALA KO NA SIYA’ Sa isang kamakailang interview, ibinahagi ni Coco Martin ang kanyang karanasan bilang direktor ni Julia Montes sa set ng kanilang teleserye. Ayon…
VIDEO: COCO MARTIN AT JULIA MONTES, NAG-REUNITE SA ‘MAGANDANG BUHAY’: ‘PARANG WALANG NAGBAGO’
COCO MARTIN AT JULIA MONTES, NAG-REUNITE SA ‘MAGANDANG BUHAY’: ‘PARANG WALANG NAGBAGO’ Isa sa mga pinaka-inaabangang episode ng ‘Magandang Buhay’ ay ang exclusive reunion interview nina Coco Martin at Julia Montes, dalawang sikat na personalidad na minahal ng publiko sa…
VIDEO: COCO MARTIN, PINAGSABIHAN ANG VLOGGERS NG BATANG QUIAPO!
COCO MARTIN, PINAGSABIHAN ANG MGA VLOGGERS NG ‘BATANG QUIAPO’: “RESPETO AT DISIPLINA ANG KAILANGAN” Sa isang viral na pangyayari kamakailan, naging paksa ng usapan si Coco Martin nang siya ay magsalita tungkol sa mga vloggers na nasa set ng kanyang…
Legal battle nina Kris at Nicko, not yet over?
Legal battle nina Kris at Nicko, not yet over? Ibahagi ANG akala namin, over na as in tapos na ang court battle between Kris Aquino at Nicko Falcis, ngunit may mga ongoing pa palang isyung dapat ayusin. Kaya nagulat din kami nang mabalitaan…
COCO MARTIN, PINAGSABIHAN ANG VLOGGERS NG BATANG QUIAPO!
COCO MARTIN, PINAGSABIHAN ANG MGA VLOGGERS NG ‘BATANG QUIAPO’: “RESPETO LANG” Kamakailan, naging usap-usapan ang ginawa ni Coco Martin nang magsalita siya tungkol sa mga vloggers sa set ng kanyang teleseryeng ‘Batang Quiapo’. Ayon sa mga ulat, si Coco ay…
End of content
No more pages to load