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 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!

Denver news in your inbox

Catch up on 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!

Des Moines news in your inbox

Catch up on 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!

Minneapolis-St. Paul news in your inbox

Catch up on 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!

Tampa Bay news in your inbox

Catch up on 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!

Charlotte news in your inbox

Catch up on 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!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Aïda Amer/Axios

The Tokyo Olympics postponement means that nearly $200 million in media rights fees, which the International Olympic Committee was set to distribute to the U.S. Olympic and Paralympic Committee, likely won't arrive until August 2021.

Why it matters: While this certainly puts a financial strain on the USOPC, it also illuminates the larger issue of how the committee distributes its funds, with athletes occupying the bottom of a trickle-down system that leaves many destitute even in the best of times.

What they're saying: In a 2018 segment of "Real Sports with Bryant Gumbel," snowboarder Jonathan Cheever, who competed in Pyeongchang, said that the little help he got from the USOPC — a $1,500 stipend, plus health insurance — only covered a fraction of his costs.

  • In fact, when he wasn't training, he had to work as a licensed plumber to help pay off the $70,000+ in debt he'd racked up on his credit card.
  • Meanwhile, 14 USOPC execs were paid $200,000+ that year, while another 115 staff members made six figures.

The big picture: The USOPC is a 501(c)(3) nonprofit, making it one of the few national Olympic committees that don't receive government funding. Hence why this $200 million cash crunch could hit American athletes particularly hard.

  • "Our nation stands apart from others because our Olympic and Paralympic teams are not just cheered by an enthusiastic national fan base, but also funded by one," the U.S. Olympic Foundation, a nonprofit that fundraises for the USOPC, proudly states on its website.
  • By comparison, the U.K. government pours ~$709 million into UK Sport, an agency that manages funding and partnerships for Olympic athletes; and in Canada, the government invests ~$153 million into the Olympics annually, per Mother Jones.

The bottom line: We love the Olympics because they give us all a chance to come together every 2–4 years and get the patriotic warm-and-fuzzies. But behind the scenes, the USOPC's financial distribution model causes undue strain on Olympic hopefuls — and those purse strings just got even tighter.

Go deeper

Sep 8, 2020 - Sports

Caster Semenya loses appeal against testosterone rule limiting Olympic competition

Caster Semenya competes in the women's 200m final during the Athletics Gauteng North Championships in March 2020. Photo: Phill Magakoe/AFP via Getty Images

Olympic champion Caster Semenya lost her appeal against the governing body of track and field's rule requiring female runners to lower their naturally high testosterone levels with medication, AP reports.

Why it matters: Semenya will not be able to attend the Tokyo Games next year to defend her 800-meter Olympic title nor any major meets in distances from 400 to 1,500 meters unless she lowers her testosterone level through surgery or medication, which she has said she won't do.

Go deeper: Caster Semenya says "hell no" to testosterone-lowering drugs

In photos: D.C. and U.S. states on alert for pre-inauguration violence

National Guard troops stand behind security fencing with the dome of the U.S. Capitol Building behind them, on Jan. 16. Photo: Kent Nishimura / Los Angeles Times via Getty Images

Security has been stepped up in Washington, D.C., and state capitols across the U.S. as authorities brace for potential violence this weekend.

Driving the news: Following the Jan. 6 insurrection at the U.S. Capitol by some supporters of President Trump, the FBI has said there could be armed protests in D.C. and in all 50 state capitols in the run-up to President-elect Joe Biden's inauguration Wednesday.

15 hours ago - Politics & Policy

The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.