€200,000 is the price to pay for the failure of Ireland's boxers at the Rio Olympics.
Sport Ireland’s review into the nation’s performance at the Games found fundamental weaknesses in the High Performance set up that led to the dismal display in Brazil.
The slash in funding sees boxing relegated to third in the funding rankings, behind athletics and sailing.
Athletics programmes will benefit to the tune of €835,000 for 2017. The boxers funding has dropped from €900,000 to €700,000.
Annalise Murphy brought home a silver medal at the games, sailing as a whole has benefited, with it now being the second highest funded sport, with a cash allotment of €735,000.
Chief Executive of Sport Ireland, John Treacy said: “This review is comprehensive and robust and is an essential component of Ireland’s high performance system.
“Previous experience has showed that the implementation of the recommendations of quadrennial reviews has been a driver for individual high performance and the system as a whole.”
A number of the issues that hampered the boxers was highlighted by the report:
The absence of a dedicated High Performance Director since the departure of Gary Keegan in 2008 was top of the list, while the shortfalls of the structures were also part of the problem.
Other issues included 'an over stretching of head coaches expected to perform dual roles of coaching and leading the programme'.
'A lack of autonomy for decision making within the High Performance Programme,' was also cited in the report.
The environmental failures were not solely responsible for Ireland’s disappointing return from the games, the boxers were found to be partly to blame with the “slippage of boxer discipline and a commitment to the culture of high performance within the programme.”