Business

Kyle Chalmers rejects multimillion-dollar offer to compete at Enhanced Games

By Tom Decent

Copyright theage

Kyle Chalmers rejects multimillion-dollar offer to compete at Enhanced Games

Australian Olympian James Magnussen is one of the faces of the Enhanced Games, while another former Australian representative, Brett Hawke, is the organisation’s head coach.

Chalmers, a three-time Olympian who competed for the Dolphins at the recent world championships in Singapore, was offered a three-year contract worth US$1.08 million ($1.6m), which is significantly more than he earns as an athlete in Australia.

The 27-year-old was also offered equity in the business, plus bonuses of up to US$1.5 million. Excluding equity, Chalmers stood to make about US$2.54 million ($3.8m), but declined the offer.

Sources said Enhanced Games officials were prepared to offer Chalmers significantly more for his signature, and that this was unlikely to be the last offer he receives.