Cash bonuses await Filipino SEA Games medalists

World champion gymnast Carlos Yulo has so far become the biggest winner among Filipino athletes in the 31st Southeast Asian Games not only on the account of the gold medals he won, but the monetary value of these victories as well.

Yulo is already assured of at least P1,800,000 in cash incentives from the government after beating his fiercest rival in the men’s artistic all-around, floor exercise, rings, horizontal bar and vault where he’s the reigning world titlist.

Under Republic Act 10699, each of the three individual gold medals Yulo collected is worth P300,000 while a silver medalist in the SEA Games will fetch P150,000 and a bronze medal P60,000.

The 4-foot-11 bundle of energy who has made Japan his training ground likewise got a silver in the parallel bars and shared another silver-medal victory in the men’s artistic team event with
Jan Gwynn Timbang,
Juancho Miguel Besana, John Ivan Cruz, Justine Ace de Leon and John Matthew Vergara.

With 30 gold medals, 34 silvers and 45 bronzes as of Monday evening, the Philippine Sports Commission will be coughing up at least P22 million in cash bonuses based on the law known as the National Athletes and Coaches Incentives and Benefits Act.

Source: https://sports.inquirer.net/462779/cash-bonuses-await-filipino-sea-games-medalists