Armstrong Dropped by Nike, Steps Down as Chairman of His Charity. This is another reason why it does NOT pay to cheat.

The United States Anti-Doping Agency made public a week ago of  its evidence in a doping case against Lance Armstrong, saying he was at the center of an organized doping program on his Tour de France winning teams, Armstrong on Wednesday stepped down as chairman of Livestrong, his cancer foundation, the organization that inspired millions fighting the disease.

“I have had the great honor of serving as this foundation’s chairman for the last five years and its mission and success are my top priorities,” Armstrong said in a statement. “Today therefore, to spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship.”

Well it’s not totally a complete bummer here’s what Nike had to say.

 “Due to the seemingly insurmountable evidence that Lance Armstrong participated in doping and misled Nike for more than a decade, it is with great sadness that we have terminated our contract with him,” the statement said. “Nike does not condone the use of illegal performance enhancing drugs in any manner. Nike plans to continue support of the Livestrong initiatives created to unite, inspire and empower people affected by cancer.”

Read Full Story at NYTIMES