POC awards P33 M worth of cash incentives to SEA Games gold medalists

Mark Escarlote on Dec 17, 2019 07:10 PM
POC awards P33 M cash incentives to SEA Games gold medalists
Southeast Asian Games gold medalists received their cash incentives from the Philippine Olympic Committee on Tuesday.

For the first time, the Philippine Olympic Committee gave away cash incentives to gold medalists in the recently concluded 30th Southeast Asian Games.

POC president Abraham ‘Bambol’ Tolentino on Tuesday led the distribution of incentives to the athletes who delivered the country’s 149 golds in the biennial meet during the POC general assembly held at Conrad Hotel.

“Noong nakaraang taon, sa pamumuno ni dating POC President Ricky Vargas, tayo po ay nakapagbigay ng mahigit P14M bilang incentives para sa mga nagwagi sa Asian Games at Youth Olympic Games,” said Tolentino in his speech during the GA, which also served as a thanksgiving event.

“Ngayon po naman, for the first time in Philippine SEA Games history, ating ginagantimpalaan ang ating mga magigiting na atleta sa pamamagitan ng mga cash incentives,” he added.

More than P33 million plus were given away to athletes as part of the POC’s efforts to reward those who have given honor to the country, which won the overall championship for the first time since ruling the regional sports meet back in 2005 edition of the Games also held in the Philippines.         

Individual athletes received P200,000 for each gold medal won while athletes in team sports collected P50,000 to P75,000 depending on the number of members in each squad.  

“Siyempre iba ‘yung formula ng team, if you're gold medal, like basketball players, you have 14 players, di naman P200k bawat isa. Ganoon rin naman yung sa PSC. May formula yun, 25% of the basic. So kung 25% of 300k, that's how much, 75k?” Tolentino explained.

The cash incentives came from donations coming from the private sector including the San Miguel Corporation, MVP Sports Foundation and the Philippine Basketball Association collected by the POC. 

“At ito po ay nangyari sapagkat ang POC ngayon ay nakakakalap ng mga donasyon galing sa pribadong sector,” said Tolentino. “Atin pong pinasasalamatan ng taos-puso ang ating mga private sponsors na mula noong panahon ni Pres Vargas at magpa hanggang ngayon ay nagtitiwala sa liderato ng Philippine Olympic Committee.”

The POC head also bared that they are working on giving away cash incentives for the silver and bronze medalists. Team Philippines hauled in 117 silver and 121 bronze medals.

“At ngayon, nang ang inyong lingkod po ay manawagan para mabuo natin ang pondo para mabigyan ang lahat ng medalist sa SEA Games, tumugon po ang Udenna/Phoenix ni Mr. Dennis Uy at ang akin pong mga kasamahang congressman sa Mababang Kapulungan,” said Tolentino.

Silver and bronze medalists are expected to collect their incentives on Dec. 19 or 20.

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