A Gold Medal, emblematic of the Championships of the United States of America, will be given to the winner of each Championship event, a Silver Medal to second place, and Bronze Medals to both third and fourth places.
For the 2024 U.S. OLYMPIC TEAM TRIALS — TRACK & FIELD, USATF will pay prize money to the first through eighth place finishers in each Championship event. The prize structure is as follows:
Please make sure your contact information (email address and phone number) is up-to-date under your USATF Connect profile.
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. 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/approval/amounts the athlete is eligible to receive.
Athletes are eligible to receive prize money in more than one event.
Athletes who are eligible to receive prize money for this event are required to complete:
IRS Form W-9 Request for Taxpayer Identification Number and Certification: USATF will reach out to the eligible athlete to request this information via an electronic form (via Team Works), if there isn’t a form on file. If you have a form on file and need to update please reach out.
ACH (Direct Deposit Form) will also be a requirement: USATF will reach out to the eligible athlete to request this information via an electronic form (via Team Works), if there isn’t a form on file. If you have a form on file and need to update please reach out.
Please be aware that prize money payments will be reported to the IRS as reportable income and are 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 NEC. Receipts for travel may qualify for deductions against this reported income. Please contact a tax advisor for further information. 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.
An allocation of funds ($2100) will be provided first to the following athletes:
Defending USATF Outdoor Champion in each event
The top three (3) performers during the qualifying window
2024 USATF Tier and TPP athletes
For these allocations, funds will be awarded to the top ranked athletes in the distances/disciplines being contested at the Championships and NOT FOR TIMES OR DISTANCES ACHIEVED IN ALTERNATE QUALIFYING DISTANCES/TIMES (i.e. rank in the 1500m, but not 1 Mile). The only exception to this would be in the case of the allocation to the Defending Champion, who simply needs to be ENTERED AND QUALIFIED by the deadline in order to be allocated and, therefore, could use an alternate distance/time. In order to be eligible for the 2024 US Olympic Team Trials travel allocations, an athlete must be a current USATF member in good standing; must have entered and achieved qualifying mark during the qualifying period; and must be a citizen of the United States of America who is eligible to represent the U.S. in international competition. Dual Citizens & naturalized citizens, please take note.
In addition to the payments as described above, an allocation of funds will be provided to those athletes who were not allocated funding prior to the 2024 US Olympic Team Trials but who place in the top eight (8) in their event at the 2024 US Olympic Team Trials.
An allocation of funds in the amount of $2,100 will be provided to athletes in each event who meet the funding criteria above. Athletes will only be eligible to receive travel funding if they are entered and declared by the respective deadlines. Athletes must compete in the 2024 US Olympic Team Trials to receive travel funding. Athletes who qualify for travel funding before the event will be approved as eligible for funding when they complete credentialing but must return the funds if they ultimately do not compete at the Trials.
Athletes who qualify for pre-travel funding will receive their travel allocation via ACH (direct deposit). Funding will be approved when athletes complete credentialing and will be deposited into athlete's bank accounts on or about July 22, 2024.
Athletes who qualify for post travel funding will receive their travel allocation via ACH (direct deposit) after Olympic Trials prize money payments are made.
Athletes with remaining collegiate eligibility should check with their university compliance department to see if they are eligible to receive this funding according to NCAA rules. If an athlete with collegiate eligibility is approved to receive funding, the university compliance representative should reach out to USATF via email (Sariyu.Suggs@usatf.org) to provide details/approval/amounts the athlete is eligible to receive.
Athletes who are eligible to receive funding for this event are required to complete:
Please be aware that travel funding (stipend) payments will be reported to the IRS as reportable income and are 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 NEC. Receipts for travel may qualify for deductions against this reported income. Please contact a tax advisor for further information. 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.