The Philippine Olympic Committee’s cash incentives for medalists in the recent Asian Games will be awarded tomorrow in between games of the PBA doubleheader at the Smart Araneta Coliseum.
Philippine Olympic Committee president Ricky Vargas announced in his first General Assembly as head of the organization early this year that they would give out incentives of P2 million or each gold, P500,000 for silver and P300,000 for bronze.
The money will be sourced from the P76 million Vargas was able to raise from corporate donations from San Miguel Corporation (P50 M), the MVP Group (P20 M) and the PBA (P6 M).
Assembly time is at 5:30 p.m. at the Owner’s Circle restaurant with access at the Big Dome South Gate, according to POC secretary-general Patrick Gregorio.
The POC official also reminded the athletes to bring their medals and wear their official Asian Games uniforms. NSA officials, reps, coaches, family, guests and athlete representatives are asked to wear smart casual attire.