Sandi Morris. Photo: Alexander Hassenstein/Getty Images for IAAF

The postponement of the Tokyo 2020 Summer Olympics was a serious economic blow for U.S. Olympic and Paralympic athletes and hopefuls.

The state of play: With seasons and events canceled, athletes are unable to earn appearance fees, prize money and performance bonuses from sponsors, all while continuing to train for Tokyo 2021.

  • Outside of a select few, most Olympic athletes earn very little money from their sport. In fact, as pole vaulting silver medalist Sandi Morris (above) told me this week: "A general rule of thumb is that if an athlete is not top 10 in the world in their event, they probably have a part-time job to pay the bills."
  • Some athletes have sponsorship deals, but many of those are up in the air, with sponsors hurting financially and unprepared to pay athletes for an extra 12 months.
"Every four years, we know Team USA is going be the team everyone is watching. We know our athletes are going to perform and raise our flag high for the world to see. In order for us to get that, we need to invest in them."
— Five-time Olympian Bernard Lagat tells Axios

Go deeper: Athletes who qualified for Tokyo Olympics to keep their spots in 2021

Go deeper

Aug 5, 2020 - Health

UConn becomes first FBS team to cancel its football season

The University of Connecticut announced Wednesday that it is cancelling its football program for the upcoming school year, citing concerns about the coronavirus pandemic.

Why it matters: It's the first FBS program to back out of this year's season — and it could be just the first domino to fall among other major programs.

Updated 31 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8:15 a.m. ET: 30,539,903 — Total deaths: 952,629— Total recoveries: 20,800,482Map.
  2. U.S.: Total confirmed cases as of 8:15 a.m. ET: 6,726,353 — Total deaths: 198,603 — Total recoveries: 2,556,465 — Total tests: 92,163,649Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: The dwindling chances of eliminating COVID-19 — Massive USPS face mask operation called off The risks of moving too fast on a vaccine.
  5. Business: Unemployment drop-off reverses course 1 million mortgage-holders fall through safety netHow the pandemic has deepened Boeing's 737 MAX crunch.
  6. Education: At least 42% of school employees are vulnerable.
Bryan Walsh, author of Future
2 hours ago - Health

The dwindling chances of eliminating COVID-19

Illustration: Eniola Odetunde/Axios

As the coronavirus pandemic drags into its seventh month, it remains an open debate whether the U.S. should aim for the elimination of COVID-19 — and whether we even can at this point.

Why it matters: This is the question underlying all of the political and medical battles over COVID-19. As both the direct effects of the pandemic and the indirect burden of the response continue to add up, we risk ending up with the worst of both worlds if we fail to commit to a course.