American icon reveals key aspect that can help athletes better their financial security, referencing how Marvin Bracy helped Fred Kerley

American icon reveals key aspect that can help athletes better their financial security, referencing how Marvin Bracy helped Fred Kerley

Mark Kinyanjui 21:45 - 13.08.2024

Gatlin has revealed the only way competitors can beat Noah Lyles after Letsile Tebogo managed to edge him out in the final of the 200m at the just-concluced Paris Olympics.

American sprint icon Justin Gatlin has opined how athletes better their financial security especially in the aftermath of the Paris 2024 Olympic games.

 Gatlin, who secured his family's financial future after overcoming a four-year doping ban, returned to the track in 2011 and continued to compete for another 11 years, not only to restore his reputation but also to guarantee his financial stability.

At 42 years old, Gatlin is now worth an estimated three million dollars, making him one of the wealthiest athletes in the world. 

However, he recognizes that he is in a minority, as many other athletes live relatively modest lives. In light of this, Gatlin, the 2017 World 100m champion, has offered valuable advice on how athletes can safeguard their financial future, especially if they do not consistently perform at a high level in competitions.

“Athletes should get together while eating lunch or dinner together and start talking shop, be a little more transparent,” Gatlin said on his Ready Set Go podcast.

Gatlin emphasized the importance of athletes sharing knowledge and experiences to help each other make informed decisions.

 He cited the example of Marvin Bracy, who assisted 2022 World 100m champion Fred Kerley in transitioning from Nike to Asics by advising him on how to negotiate agreements with the sports brand.

“I am not saying you should tell each other what is in your bank account, but at the same time, I heard through the grapevine that when Fred left Nike to go to Asics, he consulted Bracy on how to consult with them and it benefitted both,” Gatlin explained.

For Gatlin, this is a perfect example of how athletes can support one another by discussing business opportunities and financial strategies. He noted the lack of a union or organized body to protect athletes' interests, making peer support even more crucial.

“It is a perfect example of how athletes should get together and start talking more business. We do not have a union or anyone to protect us.”

Gatlin believes that all athletes can live a comfortable life if they embrace this collaborative approach, rather than leaving financial success to a select few.

“We only have ourselves as athletes, and they will only get one percenters get enough money and become stars, and they will promote themselves. But the whole world of track and field should rise. There is enough money out there for everyone.”

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