President Rodrigo Duterte announced yesterday that the Office of the President will be adding cash incentives to all SEA Games 2019 medal winners, in addition to the financial incentives that they will be getting in accordance to the law.
An additional of P250,000 to gold medalists, P150,000 for a silver performance and P100,000 for a bronze will be given by the office of the President.
Under Republic Act 10699 known as the National Athletes and Coaches Benefits and Incentives Act, a gold medal in SEA Games is worth P300,000; a silver medal finish will be awarded with P150,000 while bronze performers stand to earn P60,000.
At the Philippine Athletes’s send-off, Philippine Olympic Committee (POC) president Abraham “Bambol” Tolentino has committed to match the financial reward reward the government will give to all medal winners.
With P300,000 from the national incentives act, P300,000 from the POC, and P250,000 from the office of the President, each gold medal winners at the 2019 SEA Games will be receiving a total of P850,000 cash incentive.
Silver medal winners will get a total of P450,000, while Bronze medal winners are set to receive P240,000
For team sports, the value of the medal will be divided equally by the members of the team.
All coaches are also entitled to cash incentives.
Philippine Swimmming’s James Deiparine and Jasmine Alkhaldi will get the highest cash incentives among all tankers who have delivered medal winning performances in Tarlac.
Deiparine is set to receive a total of 1.3 million pesos, apart from his cash incentives in the relay event; while Alkhaldi will also getting around the said amount after winning 5 individual bronze medals, 2 silver medals in relay and a bronze in relay.
The awarding of incentives will be held on Dec. 18 when Team Philippines, which regained the overall championship of the SEA Games after a 14-year wait, pays a courtesy call to the President at Malacanang.
The POC, for its part, will disburse the funds at a Christmas party the local Olympic body has scheduled on Dec. 17.