Speedo drops Ryan Lochte, to donate $50K from his fee to charity.

[Greenbacks]

Ryan Lochte lost his first endorsement deal on Monday, stemming from the fallout of the events that took place at a Rio gas station last Sunday.
Speedo, which signed Lochte to a 10-year deal in 2006, said in a statement that it would end its relationship with the decorated swimmer who has won 12 Olympic medals, including six golds, while wearing its products.
"While we have enjoyed a winning relationship with Ryan for over a decade and he has been an important member of the Speedo team, we cannot condone behavior that is counter to the values this brand has long stood for," the company said in a statement. "We appreciate his many achievements and hope he moves forward and learns from this experience."

Speedo said it would donate a $50,000 portion of Lochte's endorsement fee to Save The Children, earmarked for Brazilian children.
It is not clear how much time was left on Speedo's deal with Lochte.
Speedo might not be the only company to drop Lochte. Heading into the Games, he was Ralph Lauren's highest-profile Olympic spokesperson. By the closing ceremony Sunday, Lochte's name was nowhere to be found on the company's Olympian endorser page on the company's website.
Lochte wasn't completely whitewashed from the website. A picture of him modeling a Team USA performance polo remained on Monday. Company officials did not return messages seeking comment.

Lochte has two other deals, one with mattress company Airweave and another with Gentle Hair Removal.
Airweave CEO Motokuni Takaoka said last week in a statement that Lochte "will remain a US ambassador for Airweave as long as our partnership agreement remains effective."
Syneron-Candela, the parent company of Gentle Hair Removal, said last week said that the company would "reserve decisions until we have a more complete understanding of the situation."

Lochte, who admitted he was drunk in the early-morning hours, destroyed a sign at a gas station. He and the swimmers were then held by security guards with guns at the gas station and released after they paid a fee. Lochte later said in an interview with NBC how the swimmers were robbed at gunpoint, an account which he later called an exaggeration.
When asked by NBC's Matt Lauer if his original version of the tale could cost him his endorsements, Lochte answered it could.
"And that's something I'm going to have to live with," Lochte said.

 

[Greenbacks]

 

[Greenbacks]

BREAKING: Ralph Lauren official says company will not be renewing Ryan Lochte's contract

 

[Greenbacks]

He loses 2 endorsements in a matter of a couple of hours....Cruel world.

 

[StevieRay]

8 years from now you will see his medals show up on episode of Pawn Stars

 

[gijoe]

He wont be buying $3000 shoes no mo

 

[Bruins4Life]

He may have been the inspiration for that Green Day song

"Don't want to be an American idiot...."

 

[Greenbacks]

He may have been the inspiration for that Green Day song

"Don't want to be an American idiot...."

 

[Greenbacks]

The companies made their announcements after Lochte lied about being robbed at gunpoint by a policeman after a night out during the Rio Olympics.
Speedo said: "We cannot condone behaviour that is counter to the values this brand has long stood for."
Lochte said he respected Speedo's decision and thanked the company.
"I am grateful for the opportunities that our partnership has afforded me over the years,'' he said.
A third sponsor, a hair removal company called Syneron Candela, has also cancelled its sponsorship of the swimmer.

Ralph Lauren, which has removed some of Lochte's images from its website, said its sponsorship had been only for the Rio Olympics and would not be renewed.
Speedo said it would donate a $50,000 portion of Lochte's sponsorship fee to the charity Save The Children's Brazilian operation.
The value of Lochte's Speedo sponsorship has not been disclosed. The contract reportedly expires this year after 10 years.
The US business magazine Forbes calculated that in the year of the 2012 London Olympics, Lochte earned about $2m in sponsorships from companies such as Gillette, Nissan, AT&T and Gatorade.

Lochte's performance at Rio did not reach the heights of his London triumph, but Forbes estimated his endorsements would still have been between $1m-$2m.
The saga started when Lochte and three team-mates returned to the Olympic village after a late night out in Rio.
They tried, unsuccessfully, to use the locked toilet at a garage and urinated outside instead.
After first claiming that he and his three team-mates had been robbed by bogus policemen, Lochte back-tracked and admitted he had, while still drunk, "left details out" and "over-exaggerated some parts of the story".

Despite the evidence against him, including CCTV footage, he has however denied that he actually lied in his initial account to Brazilian police.
Lochte's behaviour has been met with disdain in the US and he has been widely pilloried in the US media.
On 19 August the New York Post carried a front-page headline describing him as the "Ugly American", along with the slogan "Liar, Liar, Speedo on fire".

Lochte is one of the most successful swimmers in history, with 12 Olympic medals, and he once had his own reality television show in the US.
In Rio, he swam in two events, winning a gold medal in the 4x200m freestyle relay along with team-mate Jack Conger.
"We appreciate his many achievements and hope he moves forward and learns from this experience," Speedo said of Lochte.
The swimmer's other sponsors include mattress maker Airweave.

 

[Greenbacks]

 

[Greenbacks]

 

[Enfuego]

In other news, Speedo announced today their first signing from the anonymous gambling portal The RX. Ladies and gentlemen, Speedo introduces poster Greenbacks.

 

[Greenbacks]

In other news, Speedo announced today their first signing from the anonymous gambling portal The RX. Ladies and gentlemen, Speedo introduces poster Greenbacks.

Shut-up Miserable/Argumentative.....LOL

 

[Enfuego]

Shut-up Miserable/Argumentative.....LOL

Says the guy currently in a cyber war with no less than 6 RX posters. Have at it speedo boy.

 

[Greenbacks]

Says the guy currently in a cyber war with no less than 6 RX posters. Have at it speedo boy.

I'm sure the Mods see that your the one that came in my thread and initiated this crap....It's all in black and white...lol

Shut-up Miserable/Argumentative....LOL

 

[Enfuego]

I'm sure the Mods see that your the one that came in my thread and initiated this crap....It's all in black and white...lol

Shut-up Miserable/Argumentative....LOL

It's a forum Green Lantern. Forums are meant to initiate discussion not just for guys to post photos all day.

 

[Greenbacks]

It's a forum Green Lantern. Forums are meant to initiate discussion not just for guys to post photos all day.

Then start a thread and conversate.....The front page holds 45 threads.......More then enough room for the community..... Just stop with the attacks every single day.....You`re the one hunting me down.....It`s this attacking that drives the traffic away.....Nobody wants to read this crap every day all day......I`m not the one looking for you man.....You have 3 threads on the front page and i`m not in one of them.......Grow up and lay off for a change....Enough is enough.....Act your age!

 

[Enfuego]

Then start a thread and conversate.....The front page holds 45 threads.......More then enough room for the community..... Just stop with the attacks every single day.....You`re the one hunting me down.....It`s this attacking that drives the traffic away.....Nobody wants to read this crap every day all day......I`m not the one looking for you man.....You have 3 threads on the front page and i`m not in one of them.......Grow up and lay off for a change....Enough is enough.....Act your age!

Says the guy that attacked poster Incubus today for making an honest error on his tracked record. http://www.therxforum.com/showthread.php?t=1060292

And says the guy that attacked Matty Matt last night in a different thread right here on the main page. http://www.therxforum.com/showthread.php?t=1060256

 

[Greenbacks]

Just a update on the story....He`s lost 4 Endorsements.

Ryan Lochte loses all four endorsements after Rio controversy.

Ryan Lochte lost all four of his endorsements on Monday as three companies -- Speedo, Gentle Hair Removal and Airweave -- terminated their deals with the swimmer, while Ralph Lauren said it wouldn't renew its deal that ran through the 2016 Olympics.
Speedo, which signed Lochte to a 10-year deal in 2006, said in a statement that it would end its relationship with the decorated swimmer, who has won 12 Olympic medals, including six golds, while wearing its products.

"While we have enjoyed a winning relationship with Ryan for over a decade and he has been an important member of the Speedo team, we cannot condone behavior that is counter to the values this brand has long stood for," the company said in a statement. "We appreciate his many achievements and hope he moves forward and learns from this experience."
Speedo said it would donate $50,000 of Lochte's endorsement fee to Save The Children, earmarked for Brazilian children.
It is not clear how much time was left on Speedo's deal with Lochte.
Lochte said in a statement to E! News, "I respect Speedo's decision and am grateful for the opportunities that our partnership has afforded me over the years. I am proud of the accomplishments that we have achieved together."

Later Monday, Ralph Lauren issued a statement saying it would not renew Lochte's contract.
"Ralph Lauren continues to proudly sponsor the U.S. Olympic and Paralympic Team and the values that its athletes embody," the statement read. "Ralph Lauren's endorsement agreement with Ryan Lochte was specifically in support of the Rio 2016 Olympic Games and the company will not be renewing his contract."
Then, the parent company of Gentle Hair Removal, Syneron Candela, issued a statement ending its relationship with Lochte.
"Syneron Candela will be ending its partnership with Ryan Lochte," the statement read. "We hold our employees to high standards, and we expect the same of our business partners. We wish Ryan well on his future endeavors and thank him for the time he spent supporting our brand."

Finally, mattress company Airweave parted ways with Lochte on Monday afternoon.
"Airweave is a proud sponsor of the U.S. Olympic and Paralympic Teams and our dedication to athletic achievement is unwavering," read a statement from Airweave. "Our endorsement agreement with Ryan Lochte was in support of the Rio 2016 Olympic Games. After careful consideration, we have made the decision to end our partnership with Ryan Lochte. We remain committed to supporting Team USA and the athletes preparing for the Paralympic games."
Airweave CEO Motokuni Takaoka had said last week in a statement that Lochte "will remain a US ambassador for Airweave as long as our partnership agreement remains effective."

Lochte, who admitted he was drunk in the early-morning hours of Aug. 14, destroyed a sign at a gas station. He and the swimmers were then held by security guards with guns at the gas station and released after they paid a fee. Lochte later said in an interview with NBC that the swimmers were robbed at gunpoint, an account which he later called an exaggeration.
When asked by NBC's Matt Lauer whether his original version of the story could cost him his endorsements, Lochte answered it could.
"And that's something I'm going to have to live with," Lochte said.
Lochte also faces potential disciplinary action from the U.S. Olympic Committee, with CEO Scott Blackmun saying Sunday that further action was coming. USA Swimming and the IOC could both sanction Lochte.