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Manila Bulletin devider Sports devider POC to give cash bonuses to Cambodia SEAG medalists

POC to give cash bonuses to Cambodia SEAG medalists

Published Jun 1, 2023 08:28 am
A total of P12.4 million will be given to medalists in the 32nd Southeast Asian Games in Cambodia as part of the Philippine Olympic Committee’s (POC) Athletes’ Incentive Trust Fund.

*POC President Bambol Tolentino with the men's and women's basketball team in the 32nd Southeast Asian Games. (File Photo)

*


Of the total bonus, P7.2 million will come from the Manuel V. Pangilinan Sports Foundation (MVPSF), while P5.2 million will be from the POC funds. Under the POC’s incentive program, P100,000 will go to an individual gold medalist, P50,000 to doubles and relay teams and P30,000 to team; P50,000 to silver medalist, P30,000 for doubles and P20,000 for relay; and P30,000 to individual silver medalist and P10,000 for doubles and relay. Two-time world champion gymnast Carlos Yulo will receive the biggest cash windfall among the medalists after winning two gold (individual all-around and parallel bars) and two silver medals (still rings and men's team event) in men’s gymnastics. He is set to receive P250,000 for his individual feats and a share of the P 20,000 for the team event silver. “The amount is from the generosity of MVPSF, Manny V. Pangilinan, through the efforts of [president] Al Panlilio,” said POC President Bambol Tolentino. “The athletes, particularly the medalists, deserve the reward and the POC will always be diligent on that,” he added. The country won 58 gold, 85 silver and 117 bronze medals to finish fifth overall in the biennial meet. The POC bonus was separate from the government incentives that will be given through the Philippine Sports Commission to medalists under the National Athletes and Coaches Benefits and Incentives Act (Republic Act 10699). Under the law, SEAG gold winners will get P300,00, silver medalists P150,000 and bronze P60,000.

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