Will michael phelps really get $1,000,000 for winning 8 gold medals in this year's olympics?

Question

head this once on TV, but not lately

Answer 1

Yea Michael Phelps did it again. He won the men's 100m butterfly with a very small margin, but he won. This seventh gold medal brought him by the way an extra 1 million dollars from sponsors and he is now equal with famous Mark Spitz

Answer 2

yes

the United States and many other countries give incentives for winning medals

Answer 3

idk about tht but i heard he gets 5 mill a year for endorsments

Answer 4

Through endorsements from companies, he will probably make much more than that.  He is already being showcased in VISA ads.  

Answer 5

Yes from Speedo alone.

Answer 6

It wouldn't surprise me if he did.  He has earned it as far as I'm concerned.

Answer 7

well that only depends on his sponsors.

But the Olympics wont pay him just for winning the medals.

His sponsors will pay him alot,but i dont know how much.

He will also get money for any comercials and stuff that he has done.

So I guess he could,but idk.

Answer 8

yes he will heard it right b4 he won em. not like he really  needs em hes pretty rich already just from endorsments and stuff