I hope the award account is adequately funded. The prizes these young men are expecting (2 golds and a bronze) total $550,000, correct?
It's also possible the organization paid premiums like an insurance policy.
I just hope these guys get paid. $250,000 isn't a lot of money to many of us, but to hard working young guys like Varner and Burroughs, it's a prize they will treasure. [/quote
250K isn't a lot of money to many of us? That is unquestionably the silliest comment I've ever read on this forum--and that's saying something.
You obviously haven't seen my asinine comments over the years...$250k, after taxes, should be in the $150k range. That's a decent amount of money, but by no means makes him a rich man. If he chooses to stay and train in Lincoln (which has a relatively low cost of living) he should be just fine. However, I'm sure he will make much more money in appearances and (hopefully) endorsements over the next couple of years. Burroughs seems to be an easily marketable commodity - intelligent, articulate, polite, etc. I don't think Cejudo is struggling financially since winning in '08.