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Carlos Yulo to receive ₱20 million from PSC for double Olympic gold

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E. Kristhoff Cagape

<p>Carlos Yulo will receive ₱20 million as his incentive for his double Olympic gold in Paris.</p><p>This was confirmed by the Philippine Amusement and Gaming Corporation (PAGCOR), which will be remitting the amount to the Philippine Sports Commission in adherence to the National Athletes and Coaches Benefits and Incentives Act.</p><p>&quot;PAGCOR is mandated to give an athlete who wins a gold <span id="isPasted" style="color:rgb(65, 65, 65);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">₱</span>10 million pesos. Since he has two golds, Mr. Yulo will have ₱20 million,” PAGCOR chief Al Tengco stated as reported by GMA News.</p><iframe class="instagram-media instagram-media-rendered" id="instagram-embed-2" src="https://www.instagram.com/p/C-QK1reNs_g/embed/?cr=1&amp;v=14&amp;wp=540&amp;rd=https%3A%2F%2Fent-workbench-web.abs-cbn.com&amp;rp=%2F#%7B%22ci%22%3A2%2C%22os%22%3A1100787%2C%22ls%22%3A1077337.3999999762%2C%22le%22%3A1077339.6000000238%7D" allowtransparency="true" allowfullscreen="" frameBorder="0" height="879" data-instgrm-payload-id="instagram-media-payload-2" scrolling="no" style="background:white;max-width:540px;width:calc(100% - 2px);border-radius:3px;border:1px solid rgb(219, 219, 219);box-shadow:none;display:block;margin:0px 0px 12px;min-width:326px;padding:0px"></iframe><script async="" src="//www.instagram.com/embed.js"></script><p>The PAGCOR executive also added that Carlos&#x27;s coach, Allen Aldrin, will be receiving <span id="isPasted" style="color:rgb(65, 65, 65);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">₱</span>5 million for each gold medal of the athlete. This means that he will be receiving a total of ₱10 million.</p><p>Carlos will also receive a total of ₱6 million from the House of Representatives following the House&#x27;s previous commitment to awarding incentives to Olympic medalists, including ₱3 million for a gold medal.</p><p>Other cash incentives that Carlos will be receiving are P5 million from ArenaPlus, <span id="isPasted" style="color:rgb(65, 65, 65);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">₱</span>3 million from Chooks-to-Go, ₱3 million from Megaworld, and ₱2 million from the Manila City government.</p><p>The athlete will also be gifted a three-bedroom condominium at McKinley Hill from Megaworld valued at ₱32 million. He will also collect 150,000 Mabuhay miles annually for life from Philippine Airlines. </p><p>Vikings Luxury Buffet will also be giving Carlos a lifetime free buffet in all Vikings Group Buffet brands.</p><div><iframe class="instagram-media instagram-media-rendered" id="instagram-embed-0" src="https://www.instagram.com/p/C-QO3lnIDTd/embed/?cr=1&amp;v=14&amp;wp=540&amp;rd=https%3A%2F%2Fent-workbench-web.abs-cbn.com&amp;rp=%2F#%7B%22ci%22%3A0%2C%22os%22%3A1077586.2999999523%2C%22ls%22%3A1077337.3999999762%2C%22le%22%3A1077339.6000000238%7D" allowtransparency="true" allowfullscreen="" frameBorder="0" height="746" data-instgrm-payload-id="instagram-media-payload-0" scrolling="no" style="background:white;max-width:540px;width:calc(100% - 2px);border-radius:3px;border:1px solid rgb(219, 219, 219);box-shadow:none;display:block;margin:0px 0px 12px;min-width:326px;padding:0px"></iframe></div><script async="" src="//www.instagram.com/embed.js"></script><p>Carlos clinched his first gold medal at the Olympics in the men&#x27;s gymnastics floor exercise finals on August 3.</p><p>He won his second gold medal in the vault finals on August 4.</p><p>In a recent interview with ABS-CBN News, the athlete shared what he plans to do with his rewards and incentives.</p><div><a href="https://push.abs-cbn.com/2024/8/5/carlos-yulo-upgraded-to-32m-condo-to-receive-additional-6m-cash-rewards-after-two-olympic-golds-1440" rel="noopener noreferrer" target="_blank"><strong><u>READ: Carlos Yulo upgraded to ₱32M condo, to receive additional ₱6M cash rewards after two Olympic golds</u></strong></a></div><p>&quot;I am going to save it and invest also,&quot; Carlos relayed.</p><p>He added: &quot;I&#x27;m not a forever athlete po. I have to take care of my personal life also and balance it also.&quot;</p><p>The athlete also expressed his desire to give back to the gymnastics community.</p><p>&quot;Of course, share it sa mga bata po na gustong mag-gymnastics,&quot; he stated. </p><div><br/></div>

<p>Following Carllos Yulo's double Olympic win, PAGCOR confirmed that it will be remitting a total of ₱20 million to PSC for the athlete's cash incentive. </p>

Following Carllos Yulo's double Olympic win, PAGCOR confirmed that it will be remitting a total of ₱20 million to PSC for the athlete's cash incentive.

Carlos Yulo to receive ₱20 million from PSC for double Olympic gold

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Carlos Yulo to receive ₱20 million from PSC for double Olympic gold

Toff C.

Published August 11, 2024 09:03 AM PHT

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