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Bail-Out For Pro Triathletes...

 

daniela.pngBy Kelly O'Mara (triathlete.com)

And the Collins Cup won't happen in 2020.

With races around the world being canceled and postponed indefinitely (or until the fall), many pro triathletes have found themselves without pay checks for the foreseeable future. To that end, the Pro Triathletes Organization announced yesterday it would pay out $2.5 million in bonuses to the top 100 female and 100 male pros, per the PTO’s world rankings. And it will pay out immediately. ...

“As people became members we received their bank details, and have them for over 100 athletes and can process them very quickly by wire transfer. And we will be getting other members bank details ASAP,” said Jane Hansom, spokesperson for the PTO.

The organization had previously announced it would pay a $2 million bonus program at the end of the year based on those rankings. This money will be in lieu of that—though following a similar pay out structure. i.e. the very top athletes (Jan and Daniela) will receive $100,000 each and the 20th ranked athletes will get $10,000 each; the additional bump in bonus funding is being used to increase the amounts paid to those ranked lower than 20th — men and women ranked 21st-50th will now receive $8,000 and those ranked 51st-100th will get $5,000 to help tide them over.  READ MORE

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