Live data from Hacker News

Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

cbc.ca

201–210 of 400 posts

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#201

In the early 1990s a paddler named Eric Jackson was fast enough to make the U.S. Olympic team in whitewater slalom kayak. But he lacked funds to go. So he dressed up in his full paddling outfit and brought his boat (4m long in those days) and paddle to a street corner in downtown DC. He set up a “meet an Olympian” sign and charged people cash to have their picture taken with him. Much hustle, very entrepreneurial of…

Part of the reason he got into trouble was that the US Olympic committee started to pay for athletes' expenses to attend the Olympics in the 1980s (the underlying law itself, the Amateur Sports Act, passed in 1978)...so someone begging on the street would not have been doing so because they needed the money to go (in Eric's case, Barcelona 1992).

That being said, the USOC does not financially support most athletes outside of the Olympic window (meaning, from the time they depart for the host city until the time they return). This means that any activities outside of the Olympics are paid for by the athletes out-of-pocket (for most sports, this includes the Olympic Trials to qualify for the team!). Most athletes don't make money from their athletic endeavors as prize monies are usually quite small and sponsorship opportunities are usually very limited outside of the marquee sports. Generally, in the non-marquee sports (i.e., everything outside of swimming, track and field, and gymnastics), U.S. post-Olympic financial funding (i.e., salaried training) is limited to podium finishers, and many of the more niche sports further limit financial support to gold medal athletes.

[Somewhat related: The Boys in the Boat is a movie about the UW Rowing Team, which won gold at the 1936 Olympics in Berlin. At the time, athletes and teams were generally expected to help pay for the costs of attending the Olympics by fundraising (but as with fundraising today, this meant they were on the hook for any shortfalls). In the movie, Cal writes the check for the final post-fundraising shortfall of $300 so the UW team could go; in real life Cal offered a donation but it wasn't needed.]

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#202

Earlier quoted context omitted.

"GDP measures everything except that which is worthwhile"

This is irrelevant, I'm not talking about GDP. I'm saying that people generally don't pay money for things they don't value, ergo when people are paid money, it's for things that other people value.

That's exactly what GDP measures: how much money people have paid and gotten paid for things.

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#203
post #111

Opinion: I stopped thinking the olympics was cool when I saw a 14 year old win gold in diving. Now I think it's a business exploiting people for money. Like any other business, if they don't like it they can stop doing it. Sports has a bad ROI on average afaik.

I knew 2 former UFC fighters (circa 2010/2016) that got USD 20K in average for their fights. The issue is that this does not cover 100% of the whole preparation that they need to be in the octagon. For instance, from little things since food and flight tickets, going to special medication (one of them was suspended by the USDA and got banned from UFC), sparring, fighting camping, and so on. One of them told me that t…

Can confirm, noting that the $20k actually on the higher end for a UFC figher. Most UFC fighters get paid significantly less than $20k as pay is based on a fighter's "seniority" as measured by UFC matches fought (see https://mmajunkie.usatoday.com/2024/05/ufc-fight-night-241-v...).

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#204

Earlier quoted context omitted.

Fencing as done now looks legit stupid, so does racewalking. Javelin, while slightly more cool, is you throwing a stick. Mildly interesting for a few seconds. Football is a top tier sport because it's entertaining. People will pay to see it. Hence there's money to be earned. If someone wants to spend their time seeing how far they can throw a stick, cool, but they shouldn't be surprised they're waking up to an empty…

Yo idk what youre talki g about with fencing. Its entertaining as hell

Olympic fencing is straight up dumb - they do the equivalent of immediately charging to their deaths with a goofy flexi-"sword".

If you want some real entertainment in that area watch HEMA fencing.

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#205

Earlier quoted context omitted.

Fencing as done now looks legit stupid, so does racewalking. Javelin, while slightly more cool, is you throwing a stick. Mildly interesting for a few seconds. Football is a top tier sport because it's entertaining. People will pay to see it. Hence there's money to be earned. If someone wants to spend their time seeing how far they can throw a stick, cool, but they shouldn't be surprised they're waking up to an empty…

Fencing is a really fun sport to watch. Fast, high energy, high skill. Also swords.

How it's done at the Olympics is dumb, and pales in comparison in entertainment value to say HEMA fencing, where they actually wield the original weapons, rather than running at each other with goofy floppy wand sticks.

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#206
post #55

Earlier quoted context omitted.

Sports is entertainment. It inspires people and brings joy. It brings people together. It sets positive examples of the rewards that can come from consistent effort and teamwork. Athletes are people making the most of the gifts they’ve been given. This is all laudable.

That can certainly be the case, although usually I find that athletes are not the kind of people who should be considered inspirational. But on the other hand, if you were to go watch a launch from SpaceX, You will find that there's already a crowd being inspired, experiencing joy, and it absolutely brings people together. So why not work more on that and less on sports?

>But on the other hand, if you were to go watch a launch from SpaceX, You will find that there's already a crowd being inspired, experiencing joy, and it absolutely brings people together. So why not work more on that and less on sports?

You go find me a Space X launch in some of the countries that produce, say, top footballers. In those countries, then go find me a robust educational infrastructure. You won't find the educational resources for one to become a top aerospace engineer or astrophysicist in say, Ghana or Mali.

Sports are popular because enjoying them either by playing or watching doesn't require a ton of brain power.

Let people enjoy what they want, who are you (or I) to judge?

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#207

It's fine when Sports Illustrated does it- that's a legitimate publication that will subtly hide the most interesting bits and retain all the money from advertising and sales. When an athlete does it directly and retains the money themselves, that's a disgrace.

[deleted]

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#208

Earlier quoted context omitted.

This is irrelevant, I'm not talking about GDP. I'm saying that people generally don't pay money for things they don't value, ergo when people are paid money, it's for things that other people value.

That's exactly what GDP measures: how much money people have paid and gotten paid for things.

Right... and GDP being a bad metric (for most decisions) doesn't have any relevance to the discussion. It doesn't imply anything about the thing it measures.

By analogy, good engines produce power. A speedometer measures the engine's power under a set of conditions. However, a speedometer is not (by itself) a good way to measure an engine because there are other factors you care about. The fact that a speedometer is a bad measure of engine power does not mean that engine power is unimportant or bad.

If I said, "high max speed means good engine," or "high GDP means economy is working well," your comment would be relevant.

I did not say that. I said "the overwhelming majority of transactions in an economy are of mutual benefit to the transactors."

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#209
post #75

Earlier quoted context omitted.

Nah, she's grifting now too. https://www.bbc.co.uk/news/articles/c938l80ekejo

Breakdancing should never had made it into the Olympics. Breakdancing is art or it's not. It's certainly not sport. Cf. Rhythmic gymnastics free routine is borderline but there's a whole bunch more set pieces the young women do with balls and hoops which are sport. Figure skating is also borderline but does have figures and set moves and a high physical danger factor (you try leaping high, at speed on the ice, or bei…

Agree. Shame it made it into the Olympics over the likes of Squash or other sports that clearly have an international appeal and following.

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#210

Some really bizarre and dystopically capitalistic in this comments section. Olympic athletes are a significant source of national pride and optimism and sport is a powerful positive expression of the human spirit. We all get value from them, we should feel comfortable giving them at least a small amount of money for their efforts. Currently we give gold medalists around $40k, which I think is pretty low but better th…

Thanks for your sanity. My wife is a (Canadian) Olympian and I almost feel betrayed by the level of condescension towards sports in this forum that I am normally aligned with. Like engineers denigrating the arts because it doesn’t generate value— it makes me think some folks are not experiencing what life has to offer.
Post reply on HN