The Professional Triathletes Organisation (PTO) has adopted a US$2,000,000 Annual Bonus Programme under which athletes will be paid based on their PTO World Rankings at the end of 2020.
The bonus amounts range from US$100,000 for the PTO world number one male and female athletes, to US$10,000 for the PTO world number 20 male and female athletes. In addition, male and female athletes ranked at the end of the year between 21-50 shall each be paid US$5,000; and those ranked between 51-100 shall be paid US$2,000.
Rachel Joyce, Co-President of the PTO said, “We are very pleased to be able to adopt an annual bonus programme that rewards athletes for outstanding performances throughout the year. The triathlon season is a long one and just because an athlete might have an off race in a large event, doesn’t mean that their year’s performance should go unrewarded.”
The PTO World Rankings is billed as ‘a first-of-its-kind ranking technology to measure the greatest non-drafting professional triathletes’. The organisation adds that it is a worldwide benchmark of consistent excellence in triathlon.
In addition to being the basis for the PTO Annual Bonus Programme, it is used to determine automatic qualification spots for The Collins Cup – the organisation’s main annual head-to-head triathlon event.
Tim O’Donnell, Co-President of the PTO, said, “The adoption of the PTO Annual Bonus Plan, together with the US$2,000,000 payments at The Collins Cup, means that so far in 2020 the PTO will be paying 200 professional triathletes US$4,000,000.
“We believe that this demonstrates the value and benefits of professionals being unified in our own organisation and we hope that this is just the beginning of the many ways the PTO can bring not only a voice but meaningful contributions to our sport.”
All licensed professional triathletes are eligible to be members of the PTO and ‘there are no costs or memberships fees’.
The Professional Triathletes Organisation is a not-for-profit entity representing the body of professional triathletes. The PTO seeks to showcase the passion, talents, determination, struggles and achievements of the dedicated professionals who strive to realise the highest levels of the sport and inspire all those who are a part of the triathlon community.
The PTO will host The Collins Cup from May 28-30, at the x-bionic sphere sports resort in Samorin, Slovakia.
www.protriathletes.org
www.thecollinscup.com
