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Grand Slam Track, a concept initiated by American legend Michael Johnson, owes the athletes that competed upto 13 million USD.
Grand Slam Track still owes approximately $13 million to athletes who participated in its spring events, Front Office Sports reported on Thursday.
According to the report, only appearance fees for the first meet in Kingston, Jamaica, held from April 4-6, have been paid. Prize money for all of the startup league's events, as well as appearance fees for competitions in Miami (May 2-4) and Philadelphia (May 31-June 1), remain outstanding.
Front Office Sports obtained an email sent to athletes' representatives on Tuesday outlining the expected payment schedule.
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The email stated, "At this time, all agents who have sent the appropriate paperwork have been issued appearance fee payments for Kingston.
"Our plan is to make payments for Kingston prize money before the end of July and the remaining payments due by the end of September, which includes the honoring of Los Angeles appearance fees."
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Last month, Grand Slam Track canceled its final event, originally scheduled for June 28-29 in Los Angeles.
Founded by four-time Olympic gold medalist Michael Johnson, the league launched with $30 million in funding, earmarking $12.6 million for prize money.
However, concerns arose early on. The inaugural event in Jamaica suffered from low attendance, and the Philadelphia event, initially planned as a three-day meet, was shortened to two days.
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How Athletes Are to Be Paid
Michael Johnson’s Grand Slam Track offered prize money to the top eight finishers of each slam. The winners of each slam will walk away with $100,000, while those who finish second, third and fourth will pocket $50,000, $30,000 and $25,000.
Those who finish fifth, sixth and seventh will bag $20,000, $15,000 and $12,500, respectively, with the eighth-place finishers earning $10,000.
Those who finish fifth, sixth and seventh will bag $20,000, $15,000 and $12,500, respectively, with the eighth-place finishers earning $10,000.
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