Nike ends contract with Lance Armstrong

CBSSports.com wire reports
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NEW YORK -- Nike is severing ties with famed cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company for more than a decade.

The clothing and footwear company said Wednesday that it was ending Armstrong's contract "with great sadness."

Nike Inc. said it will continue to support the initiatives of Livestrong, a cancer non-profit organization.

Copyright 2014 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.
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