PETALING JAYA: It pays to be an Olympics badminton gold medallist.
Should Lee Zii Jia or any of his teammates make history as the nation’s first Olympic champions, they will be become instant multi-millionaires.
An Olympics gold is worth RM1mil under the National Sports Incentive Scheme (Shakam) while the payout for silver and bronze medals are RM300,000 and RM100,000 respectively.
Under the Badminton Association of Malaysia (BAM) tournament bonus structure, the singles gold medallist will receive a whopping RM500,000 while the doubles will share RM750,000 between them.
Hence, this will bring the potential combined monetary rewards for a gold medal winner from the government and association alone to RM1.5mil for singles and RM1.75mil for the doubles.
And surely, this is not just it as the top performers can expect even more incentives from their state governments, sponsors as well as corporate sectors.
Even if they don’t win the gold, fret not, as the shuttlers are guaranteed a minimum payout from the semi-final stage onwards.
BAM secretary Datuk Kenny Goh has assured that independent players like Rio Olympics silver medallists Chan Peng Soon and Goh Liu Ying would enjoy the same benefit.
“Yes, the independent players are also entitled to the Olympics bonuses. It will be one-off,” said Kenny.