Does Michael Phelps get paid for his medals?
Olympic athletes get paid based on if they win a medal.
For 2008, the payment schedule is:
Also, Michael Phelps had an agreement with his sponsor Speedo in
which a $1 million bonus was included if Phelps earns a record
seven Olympic gold medals at the 2004 Olympic games in Athens,
Greece, or the 2008 Olympics in Beijing, China, which he