Hidilyn Diaz to receive P33 million for historic Olympic gold

One historic gold, two Olympic records, and P33 million are what Philippine weightlifting queen Hidilyn Diaz took home on Monday, July 26.

After making history as the first Filipino Olympic gold medalist, Diaz is set to receive P33 million worth of incentives from the Philippine Sports Commission (PSC) and the country's tycoons.

According to the PSC's incentive system (RA 10699), an Olympic gold is worth P10 million and Diaz is the first Filipino athlete to pocket that amount from the country's government sports agency.

The pot was pushed to P33 million thanks to the commitments of Manny Pangilinan and Ramon Ang, who are giving P10 million each, and Deputy Speaker of the House Mikee Romero's P3 million.

Philippine Olympic Committee (POC) president Abraham "Bambol" Tolentino also dangled a house and lot for every athlete who will win the gold.

Meanwhile, an Olympic silver is worth P17 million and a bronze is at P7 million.

The 30-year-old weightlifter from Zamboanga became the first Filipina double Olympic medalist after her 2016 Rio Olympic silver medal conquest.

Swimmer Teofilo Yldefonso is the only other multi-medaled Filipino Olympian after winning the bronze in the men’s 200 meter breaststroke in both the 1928 Amsterdam and 1932 Los Angeles.

Diaz edged out world record holder China's Liao Qiuyun for the gold when she closed out the women's 55kg event with a golden lift of 127kg in the clean and jerk.

She also set the Olympic records in the clean and jerk and the event total of 224kg, as the weight category makes a debut in the quadrennial meet.

Diaz is being supported by the PSC and is one of the 14 athletes sponsored by Pangilinan's MVP Sports Foundation. – Rappler.com

Beatrice Go

More commonly known as Bee, Beatrice Go is a multimedia sports reporter for Rappler, who covers Philippine sports governance, national teams, football, and the UAAP. Stay tuned for her news and features on Philippine sports and videos like the Rappler Athlete’s Corner and Rappler Sports Timeout.

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