local
Olympic athletes to get cash grants from new $100M fund created by IOC
By GRAHAM DUNBAR, Associated Press at ValleyCentral (KVEO/CBS4) - Sports
· June 24, 2026
· 1 min read
LAUSANNE, Switzerland (AP) — It's not Olympic prize money officially, but it is a significant amount of cash going directly to athletes after a Summer or Winter Games. The International Olympic Committee pledged Wednesday to pay up to $140 million to athletes through the 2028 Los Angeles Summer G...
Key takeaway The International Olympic Committee pledged Wednesday to pay up to $140 million to athletes through the 2028 Los Angeles Summer Games by creating a fund for $10,000 [...
Why this matters in The McAllen
The International Olympic Committee's new $100 million fund will likely have a direct impact on athletes from the Rio Grande Valley who compete in the Olympics. McAllen residents who have gone on to represent the United States in the Games may be eligible for the $10,000 grants, providing a financial boost to support their training and competition expenses. This move by the IOC could also inspire young athletes in the McAllen-Edinburg-Mission metro area to pursue their Olympic dreams, knowing that financial support is available. As the Valley continues to produce talented athletes, the IOC's investment in its competitors could have a ripple effect, fostering a stronger sports culture in the region and potentially leading to more Olympic hopefuls emerging from local schools and training programs. The grants may also help level the playing field for athletes from the Valley, who often face unique challenges in accessing resources and funding to support their Olympic ambitions.
About this story
Original reporting by ValleyCentral (KVEO/CBS4) - Sports . The McAllen surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit ValleyCentral (KVEO/CBS4) - Sports . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 24, 2026 ·
Source: ValleyCentral (KVEO/CBS4) - Sports ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? LAUSANNE, Switzerland (AP) — It's not Olympic prize money officially, but it is a significant amount of cash going directly to athletes after a Summer or Winter Games. The International Olympic Committee pledged Wednesday to pay up to $140 million to athletes through the 2028 Los Angeles Summer G...
When was this published? This article was first published on June 24, 2026 by ValleyCentral (KVEO/CBS4) - Sports and curated for The McAllen readers.
Who reported this story? This story was reported by GRAHAM DUNBAR, Associated Press at ValleyCentral (KVEO/CBS4) - Sports. To learn more about how The McAllen selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The McAllen, or browse our daily briefing and topic hubs .
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