Money in the Game
When will the pro money across the board catch up with number of people in the sport?
Nearly every pro triathlete is living race paycheck to race paycheck. Last month I finished 3rd at one of the world’s most prestigious races, the LA Triathlon. I was only beaten by Bevan Docherty and Javier Gomez, together they have 2 Olympic medals, 4 World Championships, and are very much in the medal hunt in 2012. Finishing behind me, many more Olympians, I earned $2,000. The trip and entry fee cost nearly $1,000. Which means profit wise, under $1K. How many times a year can you race, 10-20. Most race 14-16. But every race you will not race out of your skin, maybe half of the races will be that profitable. So 7-8K to spend on food, rent, car, equipment, wait a second here…I am not just good, I am better, but in order to get insurance to pay for an ER or doctor visits, that will burn a good part of it.
The 10th percentile of professional athletes (football, golf, auto racing, baseball, hockey, ect) make more than the 90th percentile of triathletes, the interesting thing is, that according to statistics the people in triathlon are most influenced by what their peers are using. Not by commercials with LeBron in them. Triathlon is the fastest growing sport in the world, yet the prize purse at many of the big races have not changed in 20 years…look at LA!
Change is coming, hopefully it is soon before I get out of the sport.
My 2 cents,