Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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

Jul 22, 2021 - Sports

How the no-spectator Olympics could affect the athletes

Illustration: Annelise Capossela/Axios

They’ve endured a delayed Olympic Games, rigorous COVID-19 testing requirements and logistical hurdles. But the next biggest test for Olympians may be competing without anyone in the stands.

Driving the news: Psychologists don't know for sure how a spectator-less Olympics will impact athletes' performance, but Olympians are already expressing concern about what it will be like to compete without hearing the cheers of their families and fans.

The underdogs from Latin America vying for Olympic gold

Photo Illustration: Shoshana Gordon/Axios. Photos: Kieran Galvin (NurPhoto), Clement Mahoudeau (AFP), Patrick Smith, Sean M. Haffey/Getty Images

Athletes from more than 20 countries in Latin America and the Caribbean are primed to compete in Tokyo — some making their Olympic debuts, and others overcoming obstacles like lack of training facilities, money for equipment or violence at home.

Why it matters: The athletes come from countries where most Olympic sports are underfunded and sponsorships were hard to come by even before the pandemic. Add a new challenge this year: The coronavirus continues to run rampant in their countries.

Jul 23, 2021 - Sports

Exclusive poll: What the Olympics tell us about patriotism

Expand chart
Data: Momentive; Chart: Danielle Alberti/Axios

For Americans, the Tokyo Olympics that officially begin with today's opening ceremony will be a test of what patriotism looks like in 2021.

The big picture: Americans who disagree on everything else will still be rallying around the same team, as a new Axios/Momentive poll makes clear. But they're sharply divided over whether athletes should use the Olympic stage to protest, with young adults more likely than older adults to approve of protests and less likely to feel pride in the U.S. flag.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!