Gymnastics world champion Carlos Yulo to receive ₱750,000 special incentives from PSC

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Metro Manila (CNN Philippines, October 26) — Carlos Yulo will be receiving ₱750,000 special incentives (₱500,000 for gold and ₱250,000 for silver) from the Philippine Sports Commission (PSC) for his double-medal performance at the the 2021 World Artistic Gymnastics Championships in Kitakyushu, Japan.

The 21-year-old won gold after besting seven other athletes in the finals of the vault event. He also bagged silver at the parallel bars category behind China’s Hu Xuwei.

READ: Yulo claims vault gold, parallel bars silver at world championships

PSC Chairman Butch Ramirez explained that the provisions and technical conditions of Republic Act 10699 or the National Athletes and Coaches Benefits and Incentives Act does not cover the annually-held world tilt of gymnastics.

The law states that a gold and silver medal at a world championship will be worth ₱1 million and ₱500,000, respectively. However, it also indicated that the world-level championships must be held at least every two years with entries from at least 45 countries participating.

While the 2021 World Artistic Gymnastics Championships saw 56 countries participating, the gymnastics meet has mostly been held annually since 2019 because the next edition was moved from 2020 to 2021 due to the COVID-19 pandemic, thus denying Yulo from getting the incentive under Republic Act 10699.