Usain Bolt

THE ASSOCIATED PRESS

PRAGUE, Czech Republic -- Jamaican sprint star Usain Bolt will compete in the rarely contested 300-metre race at the traditional Czech Golden Spike meet in May.

Organizers said Wednesday that Bolt, who holds the world record at 100 and 200 metres, will attempt to break the world mark in the distance on May 27 in Ostrava. Michael Johnson holds the current mark of 30.85 seconds. The IAAF does not recognize it as a world record, as the distance is not used at major events.

Bolt will reportedly earn more than US$300,000 for his participation. Organizers say he will receive another $30,000 if he sets a world best.

Bolt will race for the fourth time at the meet, which is part of the new IAAF World Challenge series. Last year, he won the 100 metres in 9.77 seconds.