Lance Armstrong Hopes to Avoid Arbitration
Arbitrators need not review multimillion-dollar Tour de France race bonuses Lance Armstrong was paid before his cheating became public, the disgraced cyclist told a judge.
The case grew out of a $5 million bonus that SCA Promotions had refused to pay Armstrong, because of its doping suspicions, for winning the Tour in 2003.
SCA owed the bonuses under a contingent price contract that required it to indemnify Armstrong’s management company, Tailwind Sports, for race bonuses it would owe Armstrong under his employment contract with his race team.
After Armstrong and Tailwind sued SCA in 2004, the matter went to arbitration and ended with a $12 million settlement for Armstrong in 2006.
Six years later, however, the U.S. Anti-Doping Agency released a “reasoned decision” that accused Armstrong of running the most sophisticated doping program in sports history.
More: Courthouse News Service