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SECTION 8.Cash Incentives for Athletes. — National athletes and other athletes who are not officially or currently members of the national training pool but who have otherwise represented the country in international sports competitions, who win gold, silver and bronze medals in international sports competitions shall be entitled to cash incentives in the following amounts:

 

INDIVIDUAL EVENTS

Gold Medalist

Summer Olympic and Winter Olympic Games

Ten millions pesos and an Olympic Gold Medal of Valor

Youth Olympic Games and Paralympic Games

Five million pesos and an Olympic Gold Medal of Valor

Asian Games, Asian Winter Games and Asian Indoor and Martial Arts Games

Two million pesos

Asian Para Games and World-level competitions held at least two years with at least forty-five countries participating

One million pesos

Southeast Asian Games

Three hundred thousand pesos

ASEAN Para Games

One hundred fifty thousand pesos



Silver Medalist

Summer Olympic and Winter Olympic Games

Five million pesos

Youth Olympic Games and Paralympic Games

Two million five hundred thousand pesos

Asian Games, Asian Winter Games and Asian Indoor and Martial Arts Games

One million pesos

Asian Para Games and World-level competitions held at least two years with at least forty-five countries participating

Five hundred thousand pesos

Asian Beach Games and Asian-level competitions held at least every two (2) years with at least twenty-five (25) countries participating, and qualifying competitions for World-level and Asian-level games

Two hundred fifty thousand pesos

Southeast Asian Games

One hundred fifty thousand pesos

ASEAN Para Games

Seventy-five thousand pesos

 

Bronze Medalist

Summer Olympic and Winter Olympic Games

Two million pesos

Youth Olympic Games and Paralympic Games

One million pesos

Asian Games, Asian Winter Games and Asian Indoor and Martial Arts Games

Four hundred thousand pesos

Asian Para Games and World-level competitions held at least two years with at least forty-five countries participating

Two hundred thousand pesos

Asian Beach Games and Asian-level competitions held at least every two (2) years with at least twenty-five (25) countries participating, and qualifying competitions for World-level and Asian-level games

On hundred thousand pesos

Southeast Asian Games

Sixty thousand pesos

ASEAN Para Games

Thirsty thousand pesos

 

b. Team Events

 

For competitions with less than five participants per team

Same cash incentives for individual medal winners divided equally 

For competition with five or more participants per team

Each team member shall receive twenty five percent of the cash incentives for individual medal winners

 

Provided, That for demonstration and exhibition sports events in the Olympics, the winning athlete shall receive twenty-five percent (25%) of the cash incentives for Olympic medalists as herein provided.

Provided, further, That national athletes and other athletes who surpass Philippine record or ranking in any measurable international sports competition shall be given cash incentives, the amount of which may be determined by the PSC.

Provided, finally, That all cash incentives herein stated may be adjusted by the PSC, upon consultation with the Philippine Amusement and Gaming Corporation (PAGCOR), based on studies, consultations and public hearings with relevant agencies to reflect the economic needs of the athletes, not later than tjrree (3) years after the effectivity of this Act and every three (3) years thereafter.

 

 

 

 

 

 

 

 

 

 

 

 

Bronze Medalist

Summer Olympic and Winter Olympic Games

Two million pesos

Youth Olympic Games and Paralympic Games

One million pesos

Asian Games, Asian Winter Games and Asian Indoor and Martial Arts Games

Four hundred thousand pesos

Asian Para Games and World-level competitions held at least two years with at least forty-five countries participating

Two hundred thousand pesos

Asian Beach Games and Asian-level competitions held at least every two (2) years with at least twenty-five (25) countries participating, and qualifying competitions for World-level and Asian-level games

On hundred thousand pesos

Southeast Asian Games

Sixty thousand pesos

ASEAN Para Games

Thirsty thousand pesos