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Cash on offer for US Olympic gold
09:00 AEST Fri Jul 20 2012

USA Cycling will reward gold medallists at the London Olympics with $US100,000 ($A96,800) in bonus money through a new incentive program.

The "London 100K Challenge" will be the richest known Olympic reward program put forward by any cycling organisation in the world.

The program includes $75,000 bonuses for silver medallists and $50,000 for any athlete winning bronze.

The program, which is being funded by USA Cycling, the US Olympic Committee and the USA Cycling Development Foundation, is expected to be officially announced next week.

The American team has gold medal aspirations in several events, among them Kristin Armstrong, the reigning gold medallist in the women's time trial.

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