In a significant moment for the Philippines, gymnast Carlos Yulo has brought pride and glory to his nation by clinching two gold medals at the Paris Olympics. As recognition of his remarkable achievement, Yulo is set to receive not just accolades and applause, but also a series of lucrative rewards. The talented athlete’s stellar performance has earned him a whopping sum of $173K, a new home, a lifetime supply of cookies, and additional incentives from various sponsors and the government.
Yulo’s historic triumph at the Paris Olympics has not gone unnoticed, with the Philippine government, private organizations, and well-wishers rallying behind the young athlete to celebrate his phenomenal achievement. The generous cash prize of $173K is a token of appreciation for Yulo’s extraordinary performance, underscoring the significance of his role as a national hero and ambassador for Philippine sports.
His incentives from his gold medal haul are expected to continue to increase, if not double, as more private companies pitch in to reward the most successful Olympian the Philippines has ever produced after his gold medal win in vault Sunday night.
Yulo earned another P10 million incentive – on top of the first P10 million from his first gold – and the Olympic Gold Medal of Valor from the Philippine Sports Commission under the Republic Act 10699 or National Athletes and Coaches Benefits and Incentives Act.
He also doubled his incentive from the House of Representatives as he is now to receive a total of P6 million – P3 million for each of the gold medals he won–according to House Speaker Martin Romualdez.
“We want to make sure that they are equally inspired and equally acknowledged and rewarded for their achievements,” Romauldez told the beat reporters.
Megaworld, which had promised to give an Olympic medalist a fully-furnished two-bedroom unit worth P24 million in McKinley Hill, upgraded Yulo’s prize into a three-bedroom unit worth a million with appliances, furniture, fixtures, two balconies, and a parking slot.
“Since this is a very significant milestone in the history of Philippine sports to have two gold Olympic medals during our 100th-year participation as a country in the Olympics, which also coincides with our company’s 35th anniversary this year,” said Megaworld president Lourdes Gutierrez-Alfonso in a statement.
Bounty Fresh Group Holdings Inc. and Chooks-to-Go also committed to gift Yulo P3 million in cash bonus.
ArenaPlus is also handing out a cash reward of P5 million to Yulo, who is the brand’s ambassador.
“Kasama mo kami sa laban ngayon. Parte ka na ng kasaysayan. At para sa patuloy nating paglalakbay sa ating magandang pinagsamahan, sa iyo rin ang Astig Sports Bonus of P5 million,” said ArenaPlus in a statement.
Philippine Olympic Committee president Bambol Tolentino is also rewarding the the winners in Paris Olympics with a house and lot like what he did for Diaz and 2020 Tokyo Olympics silver medalists Nesthy Petecio and Carlo Paalam, and bronze medalist Eumir Marcial.
Yulo may also get a “Senate Medal of Excellence” as filed by Senate Majority Leader Francis Tolentino on Monday.
As Carlos Yulo basks in the glory of his dual gold medal triumph at the Paris Olympics, the nation stands united in saluting his remarkable feat and celebrating his extraordinary talent. The rewards and recognition bestowed upon Yulo not only affirm his status as a sporting icon but also serve as a reminder of the boundless possibilities that await those who dare to dream and strive for excellence.
