"Female Olympians count their post-Games winnings"

From UPI.com

Review by Ali Noel in KIN 332 (section 2)

The article “Female Olympians Count their Post-Games Winnings” dealt with issues between male and female endorsed athletes and how the gender gap is gradually becoming thinner. As the Olympic games came to their end, there has been a developing interest in certain female athletes and with that comes the possibility for lucrative sponsorship opportunities. In the past, male athletes have earned, on average, twice the amount that female athletes get paid in sponsorships. Although top male athletes will always attract the most attention, thus leading to higher paychecks, female athletes have certainly become more marketable and involved in high-paying endorsement deals in the recent times. Social networking sites are partly accountable for this increase in salary and endorsement deals for female athletes. These athletes have immense followings on social media sites which means they are able to influence and relate to fans and consumers. This article used Olympic gold medalist, Gabby Douglas, as a prime example. She has nearly 750,000 followers on Twitter, which means the products she endorses are being seen through her promotional tweets regarding that company’s product. For example, on October 8, 2012 she tweeted, “Best cereal in the WORLD!! Thanks Kellogg’s!” This tweet had a picture of Kellogg’s new cereal “Krave” and many people retweeted and favored this specific tweet. People are becoming aware of products through these athletes and it is increasing the company’s profits in the long run. Her expected earnings through this deal with Kellogg’s will bring Gabby almost $3 million. The article also discussed how high school Olympian swimmer Missy Franklin has given up some profitable offers ($2 million in endorsements to be exact) in order to remain eligible to play college sports. Some companies, including Pantene, have used multiple female athletes to mass-market their products. This is beneficial because Pantene’s mission is to raise awareness for the relationship between sports and health. Although some of these female athletes are earning millions in endorsement deals, they still have a long way to go before catching up to the leading men in the industry. Last year’s Sports Illustrated magazine reported 50 of the highest earning athletes, and not a single woman made the cut. This is partly due to the fact that outside of the Olympics, female athletes are not recognized nearly as much as males. Another reason is that females are usually portrayed strategically by sexualizing them and the target market (other females) do not respond favorably to this. These female athletes are far behind their male counterparts earnings-wise, but hopefully that will be changing in the near future.