Carlos Yulo to receive at least P6M from House

Carlos Yulo will receive a P6-million reward from the House of Representatives for his unprecedented double gold medal-winning effort in the Paris Olympics, Speaker Martin Romualdez said Monday. 

Romualdez said the amount is in accordance with the House’s earlier pledge of granting incentives to Olympic medalists, specifically P3 million for gold, P2 million for silver, and P1 million for bronze. 

Yulo won the gold medal in floor exercise in men's artistic gymnastics on Saturday night with two stuck landings off his tumbling passes, making him the first ever Filipino male athlete to become an Olympic champion.

Yulo then followed it up with another Olympic gold medal-winning showing in vault in men's artistic gymnastics on Sunday night on a perfect balance of difficulty and clean execution, making him the only Filipino to win two multiple Olympic gold medals. 

“With Yulo winning two gold medals, he will get a minimum incentive worth P6 million from the House,” Romualdez said in a statement.

“Carlos Yulo’s remarkable performance at the Paris Olympics is a testament to his hard work, perseverance, and exceptional skill. He made the Philippines proud and inspired millions of Filipinos to pursue their dreams with passion and determination,” he added.

On top of the P6 million, Romualdez said Yulo will also receive additional cash incentives;

“Nag-ambag-ambag naman ang congressmen. Bago magka-Olympics, in fact, ginawa natin po, we actually did a very informal but voluntary contribution system. Kaya maski sa pag-alis ng mga atleta, may konting baon na,” he said.

(The congressmen pooled their money. In fact, before the Olympics, we did a very informal but voluntary contribution system. So the athletes have a pocket money before they left for the Olympics.)

Aside from members of the House of Representatives, Romualdez said there were members of the private sector who also donated.

Yulo will also be conferred a congressional medal for his exceptional achievement and contribution to Philippine sports.

READ: What rewards will Carlos Yulo get for winning Olympic gold medal?

Romualdez also said that the House will continue to support and invest in the country’s sports programs en route to nurturing and developing more athletes like Yulo.

“Well, obviously we’re looking at other budget allocations to support the sports program of the Filipinos and we will work, among others, with the Philippine Olympic Committee, Philippine Sports Commission, and all the other sports agencies to make sure that our athletes are really supported,” he said.

The Speaker said they are also looking at other ways to grant Filipino athletes lifetime benefits such as pensions. He said he will be meeting with the Social Security System on Tuesday to discuss the matter.

Romualdez has extended financial assistance to all 22 Filipino athletes participating in the Paris Olympics.—with a report from Tina Panganiban-Perez/AOL, GMA Integrated News