A total of $7.1 million in prize money will be paid out at the IAAF World Championships to the leading athletes and teams in the 47 events being contested.
The championships, which is the 15th edition, are holding from August 22 to 30 in Beijing, China.
According to IAAF, the prize money will be won in individual events, with prizes ranging from $4,000 to $60,000 from the eighth-placed competitor to the overall winner.
In a statement on its website on Friday, the athletics governing body said also that prize money will be won in team events, with prizes ranging from $4,000.
It will graduate to $80,000 from the eighth-placed competitors to the overall winners
In addition, the IAAF will present its World Record Programme, with athletes achieving a world record being eligible for a special world record bonus worth $100,000.
The World Records Programme is presented with the support of Official IAAF Partners TDK (men’s events) and Toyota (women’s events).
IAAF added that a winner’s performance must, however, be an improvement on the existing world record.
“Performances which equal the existing record will not be eligible for an award.
“Also, the payment of prize money and bonuses is dependent upon athletes clearing the usual anti-doping procedures,’’ it added.
Below is the breakdown of the prize money:
Individual Events
Gold: $60,000;
Silver: $30,000
Bronze: $20,000;
Fourth place: $15,000;
Fifth place: $10,000;
Sixth place: $6,000;
Seventh place: $5,000;
Eighth place: $4,000;
Relays (per team)
Gold: $80,000;
Silver: $40,000;
Bronze: $20,000;
Fourth place: $16,000;
Fifth place: $12,000;
Sixth place: $8,000;
Seventh place: $6,000;
Eighth place: $4,000.
