Why is an Olympic bronze of greater value than a world championship title? Which sport contributes more benefit to the taxpayer? For SNZ to justify its decision by stating that surf lifesaving is not a "targeted sport", when SNZ decided in the first place which sports should be targeted, is disingenuous.
It is hard to see why the pursuit of Olympic and Commonwealth medals should take precedence over all other considerations.
The SNZ high-performance strategy states that winning in international events is important and that, among other things, it "encourages New Zealanders to be active". This would be more believable if SNZ's funding wasn't targeted at sports that are not easily accessible to many in New Zealand.
It is difficult to imagine that the extra money allocated to equestrian, for example, is going to lead to large numbers of Kiwi kids suddenly buying horses and taking up the sport.
Yachting gets $11.2 million of public money while basketball has recently had its funding cut, leaving the code struggling to run national team programmes. This is despite evidence from SNZ's 2012 sport and recreation survey that basketball, with soccer and tennis, is one of the three sports that most interest boys and girls of all ages. It is worrying that the very sports capturing young people's attention are the ones receiving limited funding.
In 2009, an Australian Government-commissioned report was critical of Australia's focus on winning Olympic medals and advocated spreading funding over a range of sports.
Olympic success has much to do with the feel-good factor - having success on the international stage is considered to make us feel a little better about ourselves and our country.
But is this feel-good factor enough to justify the financial commitment we are making or could the money be better spent on medicine, education or on programmes specifically designed to encourage more people to be active? We need to be debating these questions as a nation, keeping in mind that if the people of Brazil can turn against soccer, then just about anything is possible.
Dr Barrie Gordon is a senior lecturer specialising in physical education and sport at Victoria University of Wellington.