It was announced on Tuesday that sprinter and record-holder Usain Bolt has a new contract with Puma, the athletic apparel company that has sponsored him since he was a teenager. The 27-year-old Bolt is expected to now earn $10 million annually for the next three years leading up to the 2016 Olympics. He will also be paid $4 million per year to be a spokesman for Puma once he retires.
(Remember how people were calculating how much A-Rod was earning per at bat when he signed that huge deal with the Texas Rangers? Yeah, someone should figure out how much Bolt is paid for every second he runs on a track.)
Bolt released the following statement about the new deal:
I have always been very happy to be a part of the Puma family, I am proud to represent them and delighted to continue with them for the years ahead (Reuters).
The $10 million salary also applies if Bolt decides to participate in the 2017 IAAF World Championships in London. He is currently the richest track athlete on the planet, having earned an estimated $24.2 million over the past year.