We idolize professional swimmers for their performances in the water, and we know they work hard for their medals. But how much of that hard work translates into cold hard cash?!

From prize money to endorsement deals, it’s time to find out how much money pro swimmers really make!

Other Pros Bring Home Big Bucks

In the sports world, the top names make tons of money! In 2020, Swiss tennis legend Roger Federer was the highest paid athlete in the world, bringing in $106 million in pre-tax earnings, edging past Cristiano Ronaldo and Lionel Messi, who have swapped the No. 1 spot in three of the past four years. The two soccer icons earned a combined $209 million during the last 12 months. 

Roger Federer’s sponsors pay between $3 million and $30 million annually. 

If we hop over to basketball, the average NBA player earned a salary of $7.7 million in 2019, with many others, like Lebron James, earning much much more. In 2020, James’s NBA salary was $39.22 million, not including tens of millions of dollars in additional income from his sponsors. 

How Swimmers Make Money

Via International Swim League

Swimming is the most watched Olympic sport in the entire world, so swimmers must be making bank, right? Wrong.

In fact, the average pro swimmer is making less than 1% of what a professional basketball or football player makes. 

There are 10 primary ways swimmers make money. Let’s dive into the main 3: prize money, funding from a national governing body, and endorsement deals. 

Prize Money

Winning an Olympic medal is a big deal! It takes tens of thousands of hours of work and dedication to make it happen.

Traditionally, an athlete’s country will pay out a specific amount of money for winning medals at the Games. At the 2016 Games in Rio, these bonuses ranged dramatically from $0 in the United Kingdom to $25,000 for a gold medal in the United States. Some countries are much higher. Italy paid out $189,800 for a gold medal, Australia shelled out $126,000, Ukraine paid $150,000, and believe it or not, athletes from Singapore got a whopping $1 million for winning gold.

Related: 10 Races That Changed Swimming Forever

Back at the 2016 Games, young Singaporian Joseph Schooling beat out Michael Phelps in the 100m butterfly to grab the gold and that cool $1 million bonus!

The reality is, most swimmers will never reach the podium and must look elsewhere for potential prize money. 

There are a number of different international competitions that allow swimmers to compete for prize money including the International Swim League, FINA World Cup and FINA World Championships.

FINA World Championships

At the 2019 FINA World Championships in Guangzhou, South Korea, FINA Awarded $2.4 million to athletes. Winning a World Championship gold medal earns you $20,000. If you break a world record, you get a $30,000 bonus. 

Related: The TRUTH About Masters Swimming

That sounds great, but again, just like the Games, this money often goes to the top athletes who end up winning multiple events. For example, in 2019, Caleb Dressel left South Korea with $110,000 in prize money. 

FINA World Cup

At the FINA World Cup, the top male and female swimmers each win $150,000. In 2018, throughout the world cup circuit, Vladimir Morozov and Sarah Sjostrom walked away with over $250,000 in prize money each!

International Swim League

A couple years ago, the International Swim League was started to help grow the sport and change what it means to be a pro swimmer. This professional swim league gives swimmers a chance to earn a salary while competing for a team and win prize money during the championship season.

Via International Swim League

Related: Michael Andrew Talks ISL Season 2, USRPT & Nutrition | The #AskASwimPro Show

Totaling up all the prize money at the end of the 2020 ISL season, top swimmer Caleb Dressel earned $291,788. Not bad for 6 weeks of racing, but it’s nothing compared to Lebron’s $39 million salary. He earns $4.5 million in 6 weeks!

Only 8 swimmers made over $100,000 during the 2020 ISL season. A majority of the 300 or so participating athletes earned anywhere from $10,000 to $30,000. 

National Governing Body Funding

If they’re not competing in the International Swim League or winning medals at the Olympics, swimmers can earn money through their country’s national governing body. 

Related: British Marathon Swimmer Alice Dearing | The #AskASwimPro Show

In the United States, the Athlete Partnership Agreement (APA) ensures that swimmers will receive a salary of roughly $40,000 per year. The only catch? You have to be ranked top 16 in the world in an Olympic event.

This program helps less than 100 men and women in the United States, but it’s higher than most other countries. Many nations around the world offer their top athletes a stipend of a few hundred dollars per month to help pay for pool time, training equipment and travel fees, and most of the time it’s not enough.

Endorsement Deals

The third, and most common, way professional swimmers make money is through endorsement deals with brands. These deals can range from hundreds of dollars for a sponsored Instagram post to seven-figure, multi-year deals with swimsuit brands and clothing lines. 

Brands often tie their compensation agreements to an athlete’s performance. In 2008, Michael Phelps got a $1 million bonus from his long-time swimsuit sponsor Speedo for winning 8 gold medals.

While that sounds like a lot, Michael Phelps accomplished arguably the most impressive athletic achievement in Olympic history and only made a few million dollars. A far cry away from Federer’s $100 million payout last year. 

Related: 20 Swimmers You MUST Follow on Instagram

But don’t feel bad for Phelps. He’s reported to have already netted around $100 million in endorsement deals during his career and continues to work with international brands. 

Most swimmers aren’t scoring big brand deals like Michael Phelps. In fact, the top pro swimmers rarely earn over six figures from endorsements. There are only a few dozen swimmers in the entire world who can say they’ve earned over $1 million in endorsements. A few of these include American swimmer Cullen Jones, who reportedly earned $2 million from Nike over a seven year partnership, and Katie Ledecky, who currently has a $7 million dollar, six-year deal with TYR. 

Other Ways to Make Money

Beyond prize money, national funding and endorsements, pro swimmers have found seven other ways to rake in some cash.

  1. Donations: Swimmers who can’t make ends meet might rely on donations from friends, family and supporters who believe in their dream. 
  2. Social Media Deals: Swimmers may leverage their social media audience for small, paid brand deals promoting products.
  3. Speaking: Some swimmers travel to different events and share inspiring stories from their swimming careers. Once they become established speakers, they could earn $10,000 or more per event.
  4. Modeling: It’s also common for athletes to start modeling for fitness brands. These shoots can bring in between $500 and $5,000 each.
  5. Private Clinics: Some pros host swim clinics for small groups of swimmers. While these events give young athletes a chance to get up close and personal with their idols, they often only net $1,000-3,000 in earnings. 
  6. Coaching: Other retired swimmers become full-time coaches for age-group or university swim teams.
  7. Entrepreneurship: Some swimmers become business owners. Missy Franklin started the Swim Swag Store in 2020, selling swimming-themed hats and clothing.

While it’s great to make money, most swimmers aren’t in it for the cash. It’s about the journey, and achieving a lifelong dream to compete at the highest level.

What do you think? Are swimmers underpaid? Let us know what you think in the comments.



  1. Robert Hamilton on

    Until the USA commits funds for marketing swimming will continue to lag behind other sports. The ISL is a great start and should be promoted even more. Marketing will payoff huge here. The downtime during Covid was not utilized well as well as the fact to hat we are in the “second year” of an Olympic year. Why isn’t swimming the favorite olympic sport being saturated on TV? Why do I have to purchase espn3 to even watch the NCAA Championships? Sell the sport it will flourish!!! If you water it it will grow!!!
    R. Hamilton

  2. Swimming needs a dynamic personality and a rivalry to increase attraction to the sport. Gary Hall Jr smashing Australian guitars, Sun Yang vs Mack Horton was good, keep it going! a la WWF style :).
    Increased freedom from the NCAA to pursue NIL endorsement money could/should enhance swimmers income potential.
    ISL format is a great for swimming marketing but unlikely it will continue -is my guess, due to the cost. Still, the concept is much more viewer friendly than typical swimming on tv.

  3. You start with swimming being the most watched sport at the Olympics and then compare swimmers with sports with much greater audiences outside the one off quadrennial event. There is no swimming champions league or World Series making Mickey Mouse (only played in America) sports attractive to mass media. Until there is swimmers will continue to be supported by their families instead of the other way round.

    • Taylor Holmes on

      Hi Denis,

      The International Swim League is making efforts to expand swimming’s reach beyond Olympic or World Championship years, but you’re right that there’s still a long way to go before the sport is as popular as sports like tennis or basketball!

  4. Nyarai Pinchisi on

    True, swimmers need to be supported as to earn more comparing with other sports. They really work hard to achieve the best. We need a game changer.

  5. Daniel de Cruz on

    My son is 10 years old and he trains 5 days a week, up to 2 hours. This will only increase as he gets older. Where is the incentive for him to continue when there a such meagre rewards?

    My solution would be a national swimming league where say 12 teams of 24 contracted swimmers (12 men and 12 women) would compete in pools across the country on a weekly basis.

    When swimming is a team sport (like football baseball or basketball) it is more exciting to watch and will generate more income.

  6. Michael Roberts on

    People follow sports they understand due to being currently active in the sport or having been active in their younger life. It’s easy for people understand football, soccer, basketball, baseball, and tennis because fields and courts are so easily accessible. Swimming pools are harder to find during convenient hours, require lifeguards due to risk of drowning, and someone to manage the water quality. Viewership will increase when public swimming pools are as common as vacant lots for kids to play in.

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