Here at the Portland Track Festival, we do things a little differently, which we believe is in the best interests of the athlete. We seed the prize purse through ticket sales and sponsorships and on top of that, offer the first revenue sharing program in the Track and Field ecosystem. As an organization we promote through our social channels and give athletes the ability to extend their reach to grow and raise the earning power for all athletes. Below is a breakdown of how we reward our athletes.
INITIAL SEEDED PRIZE MONEY
The first six place finishers in the top men’s and top women’s section of each High Performance race (800, 5,000, 10,000, and 3,000 Steeplechase) will be seeded with an initial amount as follows:
1st Place: $1,200
2nd Place: $750
3rd Place: $450
4th Place: $300
5th Place: $180
6th Place: $120
MEN’s & WOMEN’S 1500M
In 2023, the Portland Track Festival will cap the meet off with a sensational duo of men’s and women’s 1500. An initial amount of $10,000 per gender will be up for grabs in the electric forest. The top six place finishers in Heat 1 will receive prize money as follows:
1st Place: $4,000
2nd Place: $2,500
3rd Place: $1,500
4th Place: $1,000
5th Place: $600
6th Place: $400
LIVESTREAM PRIZE MONEY
The top six placers will also earn a percentage of the Livestream Prize Money from Tracklnd.
Event winners will share in an indefinite pot of money that will grow throughout the meet as spectators log-on. 50% of pay-per-view revenue will be distributed among the High Performance races and shared among the first six place finishers in the following percentages:
1st Place: 40%
2nd Place: 25%
3rd Place: 15%
4th Place: 10%
5th Place: 6%
6th Place: 4%
*HYPOTHETICAL PPV REVENUE
An example of possible additional prize money (per event) that could be paid out to the competing athletes. The numbers below would represent 5,000 live viewers of the meet globally.
1st Place: + $600
2nd Place: + $375
3rd Place: + $225
4th Place: + $150
5th Place: + $90
6th Place: + $60
Note:
Prize Money is intended to reward head-to-head racing in the meet’s top sections. There may be instances where times in another section are faster than the winner of Heat 1. Such performances outside of the top section will not be eligible for Guaranteed Prize Money.