Prize Money

USATF / Olympic Trials COVID-19 Protocols

For the 2020 U.S. Olympic Team Trials – Track & Field, USA Track & Field will pay prize money to the first through eighth place finishers in each Championship event. The prize structure is as follows:

• 1st Place – $10,000
• 2nd Place – $8,000
• 3rd Place – $6,000
• 4th Place – $4,000
• 5th Place – $3,000
• 6th Place – $2,000
• 7th Place – $1,000
• 8th Place – $1,000

Notes

• Athletes are eligible to receive prize money in more than one event.
• Approximately 4-6 weeks from the last day of competition, athletes will receive an email from USATF with details and/or forms (W9, ACH, USATF Athlete Payment Directive) you will need to complete for USATF to process the prize money.
• Please make sure your contact information (email address and phone number) is up to date on USATF Connect (membership profile). This is very important for athletes who have recently exhausted/forfeited their collegiate eligibility (2021) and are now eligible for prize money.
• NCAA Division 1 athletes with remaining collegiate eligibility should check with their university compliance department to see if they are eligible to receive this prize money according to NCAA rules. All other college athletes may not receive prize money payments according to NCAA rules currently in force. If an athlete with collegiate eligibility is approved to receive prize money, the university compliance representative should reach out to USATF via email (Sariyu.Suggs@usatf.org) to provide details/verification of the actual and necessary amount the athlete is eligible to receive.
• Please be aware that prize money payments will be reported to the IRS as reportable income and is subject to federal, state, and local income tax. Since no taxes are being withheld by USATF, you may have a tax liability at the time you file your tax return and you may want to consider setting aside some funds for this purpose. If the amount of reportable income including all stipends, prize money, etc. is $600 or more cumulative during a tax year, USATF will issue a 1099 MISC. USATF is not offering tax advice, but recipients of USATF funding and benefits are advised to retain their own tax professionals to receive guidance regarding tax implications.