New U.S. Figure Skating Program Provides Bonus Money to U.S. Skaters Who Medal in Designated International Events

Johnny Weir, Photo by Paul Harvath

(10/18/04) U.S. Figure Skating President Chuck Foster and Executive Director Val Belmonte announced today a new financial reward program for U.S. skaters who medal at any of 11 international events. The new support will be based on medal-winning performances at the following events: 2004 ISU Junior Grand Prix of Figure Skating Final; 2005 World Junior Championships; 2004 ISU Grand Prix of Figure Skating Series; 2004 ISU Grand Prix of Figure Skating Final; 2005 Four Continents Championships; and 2005 World Figure Skating Championships.

"As president, I continue to look for new ways of working to support and work with our skaters in ensuring that U.S. athletes are on the cutting edge for the future," Foster said. "Rewarding performance is an important part of the development of our U.S. Team. I feel strongly that athletes who achieve should receive. These athletes represent the success of U.S. Figure Skating programs at the highest level and serve as our sport's greatest ambassadors."

The two primary goals of this program are to recognize and reward the achievements of U.S. athletes and to increase the pool of direct funding to U.S. figure skaters.

This new structure makes bonus money available to every athlete competing in the nine senior events and two junior events. These athletes continue to win medals, and U.S. Figure Skating is pleased to be able to provide additional resources in support of their achievements. The bonus money will be in addition to any prize money earned by the skater.

The funds for this program are made available from existing elite-level funding initiatives and are now available to all U.S. athletes. The program places extra responsibility on the athlete to achieve success on the ice to receive the funds.

This new program is the second major restructuring of athlete funding U.S. Figure Skating has initiated this season. In the summer, U.S. Figure Skating announced that $600,000 in total prize money will be awarded at three invitational competitions.

U.S. Figure Skating is the national governing body for the sport of figure skating in the United States as recognized by the United States Olympic Committee and the International Skating Union. U.S. Figure Skating is comprised of more than 585 member clubs representing 170,000 members. U.S. Figure Skating is charged with the development of the sport on all levels within the United States, including athletes, officials, sanctioning of events and exhibitions, and establishing the rules and guidelines by which the sport is governed.

Bonus money allocations for U.S. skaters at the following 11 international events:

Competition Location, Date 1st 2nd 3rd
2004 Smart Ones Skate America Pittsburgh, Pa., Oct. 21-24, 2004 $10,000 $5,000 $3,000
2004 Skate Canada Halifax, Canada, Oct. 28-31, 2004 $10,000 $5,000 $3,000
2004 NHK Trophy Nagoya, Japan, Nov. 4-7, 2004 $10,000 $5,000 $3,000
2004 Cup of China Beijing, China, Nov. 11-14, 2004 $10,000 $5,000 $3,000
2004 Trophee Eric Bompard Cachemire Paris, France, Nov. 19-21, 2004 $10,000 $5,000 $3,000
2004 Cup of Russia Moscow, Russia, Nov. 25-28, 2004 $10,000 $5,000 $3,000
2004 ISU Junior Grand Prix Final Helsinki, Finland, Dec. 2-5, 2004 $5,000 $3,000 $1,000
2004 ISU Grand Prix Final Beijing, China, Dec. 16-19, 2004 $15,000 $10,000 $5,000
2005 Four Continents Championships Seoul, Korea, Feb. 7-13, 2005 $15,000 $10,000 $5,000
2005 World Junior Championships Kitchener, Canada, Feb. 28-March 6, 2005 $15,000 $10,000 $5,000
2005 World Championships Moscow, Russia, March 14-20, 2005 $35,000 $25,000 $15,000