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Vargas pledges cash in Asiad


Philippine Olympic Committee President Ricky P. Vargas  (MB photo | Camille Ante)

Philippine Olympic Committee President Ricky P. Vargas (MB photo | Camille Ante)

By Waylon Galvez and Nick Giongco

Landing 15th overall — from the previous 22nd the last time in Incheon — is the target of the new leadership of the Philippine Olympic Committee (POC) when the country campaigns in the 2018 Asian Games in Indonesia.

POC president Ricky Vargas, presiding over his first General Assembly yesterday at the Meralco headquarters in Pasig City, said taking 15th spot in the leaderboard “can be done.”

If the Philippines manages to place 15th, Vargas noted that about five gold medals would likely translate to that finish.

“Our goal is modest. We just have to improve,” said Vargas, who was elected POC president last Feb. 23.

“I’m committing cash incentive for athletes. For gold medalist P2 million, silver medal P500,000, and bronze medalist P300,000,” Vargas said, adding that each player in team sports will get 25 percent of the medal incentive.

Vargas said he is looking at nine sports to deliver the gold medal – boxing, taekwondo, jiu jitsu, gymnastics, bowling, kurash, bridge, judo and dragon boat in the Asian Games.

This is the first time the POC would be giving cash rewards to athletes.

The government, through the Philippine Sports Commission (PSC), provides cash rewards to athletes.

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