PTO announces $2 million annual bonus program
The Professional Triathletes Organisation (PTO) will offer a $2,000,000 Annual Bonus Program based on their PTO world ranking at the end of 2020.
The Professional Triathletes Organisation is making some grand gestures towards the sport’s top long-distance professionals, announcing today that it will offer bonus money to the top 100 athletes in its standings at the end of the year.
The bonuses will range from $100,000 for the top ranked athletes, with the number 20 male and female earning $10,000. Men and women ranked between 21 and 50 will each be paid $5,000, with those sitting between 51 and 100 getting $2,000.
Related: PTO announces new financial partner and $2 million Collins Cup
“We are very pleased to be able to adopt an annual bonus programme that rewards athletes for outstanding performances throughout the year,” says Rachel Joyce, co-president of the PTO. “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 are developed by Thorsten Radde of TriRating.com. The rankings will also determine automatic qualification for the automatic qualification slots for the Collins Cup, which will debut in Samorin, Slovakia in May.
Related: The Collins Cup – How it Works.
“The adoption of the PTO Annual Bonus Plan, together with the $2,000,000 payments at The Collins Cup, means that so far in 2020 the PTO will be paying 200 professional triathletes $4,000,000,” says Tim O’Donnell, the other co-president of the PTO. “We believe that this demonstrates the value and benefits of professionals being unified in our own organization 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.”
Click here to see the current PTO World Rankings, which are led by Daniela Ryf and Jan Frodeno.