RIO DE JANEIRO, BRAZIL - AUGUST 12: Gold medalist Joseph Schooling of Singapore and silver medalist Michael Phelps of USA (left) following the Men's 100m Butterfly final on day 7 of the Rio 2016 Olympic Games at Olympic Aquatics Stadium on August 12, 2016 in Rio de Janeiro, Brazil. (Photo by Jean Catuffe/Getty Images)

BEVO BEAT

NCAA may reconsider allowing Olympic bonuses because of Longhorn gold medalist

Posted September 8th, 2016

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Story highlights
  • Joseph Schooling picked up a six-figure check from Singapore. The NCAA wasn't expecting an athlete to receive a huge bonus for winning an Olympic medal.

Joseph Schooling, a junior on the Texas swim team, pulled off one of the biggest upsets of the Olympics when he beat Michael Phelps to win the gold medal in the 100-meter butterfly.

Schooling is from Singapore and he was greeted as a huge hero back home. He also was awarded a bonus of $740,000 from the Singapore government.

The NCAA allows athletes to keep these Olympic bonuses without them losing eligibility. Athletes also can receive training stipends from their country’s governing body.

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But NCAA president Mark Emmert said Thursday that the NCAA may change its rules because of Schooling’s huge bonus. He was speaking as part of the Aspen Institute.

Here’s why the NCAA is concerned. The organization assumed the bonuses were more in line with what the U.S.O.C. pays. A gold medalist in Rio received $25,000, a silver was worth $15,000 and a bronze $10,000.

Schooling has won four individual NCAA titles for the two-time defending national champion Longhorns.

SINGAPORE - AUGUST 18: Singaporean swimmer, Joseph Schooling (C) receives a gift from Singtel Chief Executive Officer, Chua Sock Koong (L) during his victory parade at Singtel Comcentre Plaza on August 18, 2016 in Singapore. Schooling won Singapore's first Olympic gold medal when he won the 100m Butterfly final, beating Michael Phelps of the United States in that race at the 2016 Rio Olympic Games. (Photo by Suhaimi Abdullah/Getty Images)
SINGAPORE – AUGUST 18: Singaporean swimmer, Joseph Schooling (C) receives a gift from Singtel Chief Executive Officer, Chua Sock Koong (L) during his victory parade at Singtel Comcentre Plaza on August 18, 2016 in Singapore. Schooling won Singapore’s first Olympic gold medal when he won the 100m Butterfly final, beating Michael Phelps of the United States in that race at the 2016 Rio Olympic Games. (Photo by Suhaimi Abdullah/Getty Images)

If you’d like to relive Schooling’s win, here’s the video. Phelps was swimming his final Olympic individual race and had to settle for silver.

 

 

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