IOC, USOC reach deal for fresh funding 'tier'


WELLINGTON, New Zealand (AP) - International Olympic Committee President Jacques Rogge expects another level, or "tier," of funding will be added to the revenue-sharing contract his organization has with the U.S. Olympic Committee after 2020, as a result of a deal reached at a meeting in the U.S. late last week.

The agreement ends a four-year standoff between the two bodies over the amount paid to the USOC from the international body's top sponsorship program and from its TV revenues.

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