£10m deal makes Bolt best paid athlete
Cahal Milmo is the chief reporter of The Independent and has been with the paper since 2000. He was born in London and previously worked at the Press Association news agency. He has reported on assignment at home and abroad, including Rwanda, Sudan and Burkina Faso, the phone hacking scandal and the London Olympics. In his spare time he is a keen runner and cyclist, and keeps an allotment.
Wednesday 25 August 2010
Usain Bolt will become the "best paid athlete in track and field history" after agreeing an extension to his deal with Puma that ties him to the company beyond the London Olympics. The world's fastest man is set to earn more than £10m over three years, a deal that equates to what Cristiano Ronaldo is paid by Nike.
Bolt, the world record holder at 100m and 200m, will be the stellar attraction in 2012 and has chosen to remain with the German company who have backed him since he was 16. "I'm very happy with the figure," said Bolt, who celebrated his 24th birthday on Saturday. It represents a sizeable increase on the £1m a year he had been earning and propels him above Yelena Isinbayeva, the Russian pole vaulter estimated to have been the previously best paid athlete. But while his deal may be on a par with Ronaldo's, top footballers still earn considerably more overall, while Tiger Woods, for all his problems, has an annual income of around £13m from his deal with Nike alone.
Bolt ended his season after defeat by Tyson Gay in Stockholm earlier this month, citing a back injury, and is now "chilling" in Jamaica. "He's an iconic global sports star and as such he's now renumerated," said Jochen Zeita, Puma's chairman.
Latest in Sport
- 1 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Driving while dehydrated can be just as dangerous as drink driving, study suggests
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
- 5 One Direction: Louis Tomlinson launching his own record label, has already 'signed two acts'
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
£18000 - £23000 per annum: Recruitment Genius: They work with major vehicle ma...
£16500 per annum: Recruitment Genius: A Chiropractic Assistant is needed in a ...
£18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...
£28000 - £30000 per annum: Recruitment Genius: This company provides coaching ...