Professional boxers are eligible to compete at the Rio Olympic Games after the International Boxing Association Aiba changed its rules. Their potential inclusion will be decided upon by the national federations after 84 of the 88 delegates present at an extraordinary congress at Lausanne in Switzerland voted to make them eligible. They are not expected to be given a wildcard to the Olympics and must therefore pursue qualification at a tournament scheduled for Venezuela in July. But there will be some. They will all have to go through the qualification system.
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Amir Khan (boxer) - Wikipedia
But not every athlete makes the big bucks. How exactly does the above-average swimmer or runner pay their bills? Some pro athletes have to get creative. According to the attorney-writers at Findlaw. Simple, right?
The reasons given are simple. The Olympics were created for amateur athletes to compete for medals in their respective events. Professional athletes, meanwhile, are no long classified as amateur because, well, they're professional. The reason not given is because the host nation, South Korea, would get absolutely decimated by nations such as Slovenia and Latvia.