U.S. Olympic swimmer Ryan Lochte is estimated to pocket about $30,000 in funding and reimbursements. This is because as a gold-medal favorite in the 200-meter backstroke and individual medley in the Olympics. He also has a sponsoring relationship with Speedo, Gatorade, Nissan, Mutual of Omaha, Gillette, Ralph Lauren and AT&T for the London Olympics.
He only earns a majority of deals of about $250,000 from these sponsors. While being very well supplied and outfitted. He gets swim gear and the clothes he needs, while Gillette gives him it’s family products, AT&T includes things as smartphones, Nissan provides him with a car. Also Lochte’s parents often get the benefits while being at Ryan’s request. He is also benefited from direct work with Gatorade scientist who monitor his training and determine a best plan for integrating Gatorade’s line of products for his training and recovery. For these levels of support, he also appears in commercials and makes appearances for his sponsors, from the Super Bowl to swim clinics. He must also perform tremendously in the Olympics to “unlock” the even bigger dollars. Sponsoring only counts for just under $2 million of his base salary. Getting gold medals can add even bigger allowance from Gatorade, Speedo would push him over $1 million for the one deal alone. During an Olympic year money can add up fast. Lochte sees himself designing in mainstream fashion outside of swimming. During the 2016 Olympics look at what happened to Lochte, I thought that he was going to go to jail over the summer Olympics.