United States Says No to the 2020 Olympics Bid

On Monday the United States Olympic Committee decided to pull their bid for the Summer Olympics in 2020 before the International Olympic Committee had a chance to say no like it had the last two times the United States has made a bid on the Olympics. Both committees are at odds over a revenue sharing agreement and have been for years. It is a dispute over millions of dollars. The disagreement involves the United States Olympic Committee’s twenty percent of the global sponsorship revenues and the twelve point seventy-five percent of the U.S. broadcast rights deals and the International Olympic Committee wants more of the money.

Since they decided to pull their bid, the United States Olympic Committee is assuring at least a twenty year gap between the Olympics on American soil. This is only the fourth time this has happened. The cities that were interested in hosting the 2020 Summer Olympic Games were Dallas, Texas, Chicago, Illinois, and New York, New York.

The last games that were played in the United States were the Winter Olympic Games in Salt Lake City in 2002 and the Summer Olympic games in Atlanta in 1996 but both were troubled games. In Atlanta the critics thought the event was over-commercialized and Salt Lake had a bid scandal.

The next chance for the United States to host an Olympics would be the Winter Games in 2022 with both the Reno-Tahoe and Denver areas interested in being the hosts of those games but first the United States Olympic Committee wants a better relationship and revenue sharing deal with the International Olympic Committee.