$ 300 for a gold medal and no monetary compensation Something that I find interesting about the olympics is vast amount of stars that are absent ; in particular those that involve European players . Take one example - soccer - I watched the Euro 2008 with gusto , I was never quite the soccer fan , however the tournament was on a unique and a new level of spectacle for me relative to American sports . Spain won however most of their roster are not present on their olympic soccer team . My guess is its because of the money and perhaps they view the olympics as a political charade by the United States in their " scheme to delude " other nations ........ As for the money my impression is that there is no compensation by the IOC nor the individual countries . Even if one places the only thing of monetary value is the medal itself ; around $ 300 dollars for the gold medal .