Paris 2024 President Tony Estanguet will earn a basic salary of €270,000 ©Twitter

Paris 2024 has agreed lower-than-expected salaries for its two top officials, Tony Estanguet, the International Olympic Committee (IOC) member and former canoeing champion who is the Organising Committee’s President, and Etienne Thobois, his number two.

Estanguet is to get gross basic remuneration of €270,000 (£241,000/$333,000) a year between now and 2020.

Thobois will receive marginally less at €260,000 (£232,000/$320,000).

The figures - announced after the first Paris 2024 Board meeting in Le Bourget - are substantially lower than those publicised last October, on the strength, seemingly, of a leaked document.

The figures cited then were €452,000 (£404,000/$557,000) for Estanguet and €383,000 (£342,000/$472,000) for his director general.

Paris 2024 explained at the time that the "document referenced in the media does not show the salaries of the OCOG (Olympic Games Organising Committee) President and CEO.

"Instead, it shows figures from a working document sent by Paris 2024 to the Ministry of Finance that lists benchmarked salaries of senior management officials at major sporting events from around the world."

In addition to their basic pay, Estanguet and Thobois will be eligible for performance awards of up to 20 per cent of salary, payable each year.

Etienne Thobois, director general of Paris 2024, will be paid €260,000 a year but could receive more in bonuses to be paid at the end of the six-and-a-half years preparation for the Olympic and Paralympic Games ©Getty Images
Etienne Thobois, director general of Paris 2024, will be paid €260,000 a year but could receive more in bonuses to be paid at the end of the six-and-a-half years preparation for the Olympic and Paralympic Games ©Getty Images

A further 10 per cent a year bonus may also be earnt.

The bonus element, however, would not actually be paid until after the Games in six-and-a-half years’ time, should the two men remain in post.

An eight-member Remuneration Committee has been set up.

This is presided over by Jean-Paul Bailly, former head of the French post office, La Poste.

Members of this Committee are volunteers, but Paris 2024 has decided, rather oddly, not to give out the names of the other seven.

As reported, Paris 2024 has also appointed biathlon superstar Martin Fourcade as Athletes’ Commission President.

The 29-year-old won three gold medals at last month's Winter Olympic Games in Pyeongchang.

This took his tally of Olympic golds to five, with his total haul of seven medals making him the most successful French athlete at either Summer or Winter Games.