Perrier11 wrote:
Just a question, but how much do top level, mid level, and low level pro triathletes make, including sponsorships and prize money? I am trying to figure out if the prize money makes an impact on that? I know the more you win the more you can get from a sponsor, so its all related.
As Dark Mark said, it's highly variable. Some pros hold day jobs and put little effort into seeking sponsorship. Others go all out. Results are obviously also a big factor, but besides consistent big podium finishers, results don't matter as much as one may think.
Like everyone else, pros generally aren't too open about their finances (including sponsor arrangements). But I have gleaned some info. Typically, top level pros derive the bulk of their revenue from sponsors (e.g., podium bonuses, direct support). A very select number of A-listers also command appearance fees at some events. At the other end of the spectrum, low level pros typically only get in-kind support from their sponsors. So they would derive most if not all of their revenue (if any) from prize purses. Mid-level pros fall somewhere in between with a lot of variability. I know some that have very modest financial support.
This is why less top heavy prize purses would be positive for the development of the sport. Successful, established pros who usually win most of the prize money depend on it the least as a source of revenue.
I am a first year pro. I have some awesome sponsors, but so far only one helps me out with more than equipment (mostly travel). I've managed to finish in the money at my 4 pro races so far this year.
To help inform discussions like this, I'm going to post a detailed balance sheet at the end of the year. I'll share a quick look at my year-to-date triathlon related finances (no cost of living, etc.):
Expenses: $3,850 equipment, race entries, coaching fees, travel, nutrition, etc. Revenue: $6,450 prize money: $6000 - two thirds from one race only!
selling old equipment: $400 other: $50 Profit: $2600 Expenses are low because I am pathologically cheap, borrow my parents car or carpool, race nearby most of the time, find homestays or share hotels, and one of my sponsors covers flights.
So as you can see,
prize money is very important (both the amount and distribution), at least for me as a rookie pro. Also, I'm not quitting my day job any time soon!
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