3 US-based economists receive economics Nobel Prize
STOCKHOLM (AP) — Three U.S-based economists won the 2021 Nobel prize for economics on Monday for pioneering research on the labor market impacts of minimum wage, immigration and education, and for creating the scientific framework to allow conclusions to be drawn from such studies that can’t use traditional methodology. Canadian-born David Card of the University of California at Berkeley was awarded one half of the prize, while the other half was shared by Joshua Angrist from the Massachusetts Institute of Technology and Dutch-born Guido Imbens, 58, from Stanford University.
U.S. wrestler Gable Steveson will participate in the men's freestyle 125kg final Friday at the Tokyo Olympics, where he will compete with pride and honor in representing his country.
He'll be competing for 250,000 other reasons, too.
Steveson, also a wrestler for the University of Minnesota, stands to cash in big with a gold medal, thanks to award programs in place that pay out stipends to athletes who make it to the podium.
From NFL plays to college sports scores, all the top sports news you need to know every day.
Will this be Shaun White's last Winter Olympics? Maybe. Or maybe not.
Shaun White's gold medal in the men's halfpipe at the Pyeongchang Olympics in 2018 was his third, a record for a snowboarderThe three-time gold medalist said Tuesday he has no idea whether Beijing will be the end of his Olympic career. He’s said that before, only to find himself back in the halfpipe at the next Winter Games.
MORE:Wrestler Gable Steveson wants to 'shock the world' even more with gold medal
MONEY FOR MEDALS:Olympic glory can also be very lucrative for athletes from these countries
Fellow American wrestlers David Taylor (86kg freestyle men's) and Tamyra Mensah-Stock (68kg freestyle women's) already earned the $250,000 top prize for American wrestlers when they each won a gold medal in their respective events. Three other freestyle wrestlers have also won medals.
"I've won a lot of medals in my career," Taylor said following the medal ceremony. "This one feels a little bit heavier."
It starts with the United States Olympic & Paralympic Committee (USOPC). Through its program Operation Gold, any U.S. athlete who wins a medal in any sport will also receive a financial reward: $37,500 for gold, $22,500 for silver, $15,000 for bronze.
Olympics 2020 basketball odds, picks: Australia vs. Slovenia bronze medal game predictions from proven expert
Olympics expert Mike Tierney cashed big on the 2016 Summer Games and 2018 Winter GamesMONACO - NOVEMBER 21: Timo Werner of RB Leipzig celebrates scoring his sides second goal during the UEFA Champions League group G match between AS Monaco and RB Leipzig at Stade Louis II on November 21, 2017 in Monaco, Monaco.
But that's just the beginning.
Several of the national governing bodies of the sports have additional incentive reward programs, based on performance. But since the national governing bodies are organized as private, non-profit organizations, they are not required to publicly disclose the monetary amounts of the awards.
The governing body of wrestling, however, USA Wrestling, has details about its reward program called the Living The Dream Medal Fund on its official website.
Under the program, any wrestler who gets a gold medal will cash in $250,000. A silver nets $50,000 and a bronze $25,000.
USA Wrestling spokesman Gary Abbott confirmed to USA TODAY Sports' Steve Berkowitz that USA Wrestling had the Living The Dream Medal Fund in place for the Tokyo games.
According to the organization, the fund "will incorporate existing bonuses from USA wrestling and funds as made available by the USOPC."
Yvonne Anderson, daughter of longtime college basketball coach, hopes to help Serbia win bronze
Yvonne Anderson, daughter of longtime college basketball coach Mike Anderson, has an opportunity to win a medal with the Serbian women's hoops team.But for Anderson, whose father Mike Anderson is a longtime college basketball coach currently at St. John’s, the benefits would cascade well beyond the Tokyo Games.
So when Steveson faces Geno Petriashvili, the 2016 bronze medalist and three-time world champion (2017-19) of Georgia in the final on Friday, he could take home the quarter of a million dollars.
By defeating Mongolia’s Lkhagvagerel Munkhtur 5-0 in the men’s 125kg semifinals Thursday, Steveson secured an award of at least $50,000, as a defeat in the final against Petriashvili earns him the silver medal.
Steveson is eligible to keep the prize money and return to wrestle for the Gophers.
And he has already started to earn money thanks to the revised rules about name, image and likeness rights and signed marketing deals that will pay him to be a brand ambassador. Steveson has 250,000 followers on Instagram and 32,900 on Twitter.
He was the national champion last season as a junior and also shared the Dan Hodge Trophy for the best college wrestler in the country last year with Iowa's Spencer Lee.
If Steveson wins gold, it will mark the second consecutive Olympics in which a college wrestler will have earned the $250,000 prize, after former Ohio State wrestler Kyle Snyder won the 97kg freestyle men's event at the Rio Olympics in 2016.
Olympic gold medalist Tom Daley makes a splash with knitting, crocheting projects in Tokyo
British diver Tom Daley, who won gold in synchronized 10-meter platform, has taken social media by storm with craft projects during Tokyo Olympics.Daley on Wednesday revealed a cardigan he made and embroidered with symbols to represent the Tokyo Games and Team Great Britain. The sweater features the word “Tokyo” on the front, a Union Jack flag, and a “Team GB” logo with Olympic rings.
As of Thursday, 22 Olympians with remaining NCAA eligibility have earned a combined total of $712,500 through the USOPC and not counting the awards from the national governing bodies. Gymnast Suni Lee and swimmer Bobby Finke lead that pack with $75,000 each.
Team Australia forward Sam Kerr (2) is consoled by Team United States midfielder Kristie Mewis (6) on Thursday, Aug. 5, 2021, after the US wins the bronze medal match during the Tokyo 2020 Olympic Summer Games at Ibaraki Kashima Stadium.
Caeleb Dressel of Team United States tosses his gold medal to Brooks Curry of Team United States after winning the Men's 4 x 100m Freestyle Relay Final on day three of the Tokyo 2020 Olympic Games at Tokyo Aquatics Centre on July 26, 2021, in Tokyo, Japan. Dressel replaced Curry in the event's final.
Tatjana Schoenmaker (RSA), Lilly King (USA) and Annie Lazor (USA) are congratulated by Kaylene Corbett (RSA) after the women's 200m breaststroke final during the Tokyo 2020 Olympic Summer Games at Tokyo Aquatics Centre. King and Lazor won medals in the event's final and celebrated alongside South Africa’s Schoenmaker, who blazed past King in the last 100m, setting a new world record and capturing the gold with a time of 2 minutes and 18.95 seconds.
Isaiah Jewett, of the United States, and Nijel Amos, right, of Botswana, shake hands after falling in the men's 800-meter semifinal at the 2020 Summer Olympics, Sunday, Aug. 1, 2021, in Tokyo, Japan. Jewett and Amos helped each other the remainder of the race after both fell. "Jewett was in front of Amos and just about to go into his kick on the final turn when the back of his heel appeared to hit Amos," the Associated Press reports. "He went down. So did Amos." Later in the night, Amos was reinstated into the final on appeal but Jewett remained out.
Spend $500, Pocket $200 Fast with This Top Card
Slideshow continues on the next slide
Mutaz Essa Barshim (QAT) and Gianmarco Tamberi (ITA) share the gold medal men's high jump during the Tokyo 2020 Olympic Summer Games at Olympic Stadium. After multiple rounds in the event, two athletes were neck and neck –– unable to beat one another –– when an official said they would go into a "jump off" to see who would persevere. Instead, Barshim, the reigning world champion in the event, asked if they could both take gold which the official said was possible.
Denmark's Viktor Axelsen (left) greets his opponent China's Chen Long after winning the Men’s Singles Gold Medal match on day ten of the Tokyo 2020 Olympic Games at Musashino Forest Sport Plaza on August 02, 2021, in Tokyo, Japan. After Axelsen took the men's singles badminton gold, he exchanged his shirt with Long as a sign of respect towards his opponent.
Russia's Angelina Melnikova (L) is congratulated by USA's Simone Biles as Russia wins the artistic gymnastics women's team final during the Tokyo 2020 Olympic Games at the Ariake Gymnastics Centre in Tokyo on July 27, 2021.
Misugu Okamoto of Team Japan is carried by Poppy Olsen of Team Australia and Bryce Wettstein of Team United States during the Women's Skateboarding Park Finals on day twelve of the Tokyo 2020 Olympic Games at Ariake Urban Sports Park on August 04, 2021 in Tokyo, Japan.
This article originally appeared on USA TODAY: Gable Steveson can add $250,000 to US wrestlers' prize haul with a gold medal
Set to return in New York City Marathon, Molly Seidel relives her 'pinnacle' Olympics experience .
Prior to Tokyo, Seidel went through a year and a half of what she called the best training in her life. The results showed with a 2:27:26 race and a podium appearance inside Olympic Stadium. "Straight up, I was about to start crying," Seidel said. "That was pretty much what you dream of. That was the pinnacle of what an Olympics experience could be. "We thought it was going to be some small thing on the front or back end and not actually during the ceremony. So when they were like 'you're going in the middle of it,' that was pretty cool.