U.S. Won't Bid on 2020 Summer Olympics

The U.S. Olympic Committee informed the seven potential bid cities of its decision over the weekend.

The U.S. Olympic Committee has decided not to enter a bid to host the 2020 Summer Games, a spokesman told the Chicago Tribune on Monday.

The news means the Games will not take place in the United States for at least another 11 years.

The USOC over the weekend told the seven potential bid cities -- Chicago, Dallas, Las Vegas, Los Angeles, Minneapolis, New York and Tulsa, Okla. -- about its decision.

The decision isn't a complete surprise: USOC officials have said for months that they would not submit a bid for the 2020 Games until it resolves its longstanding revenue-sharing dispute with the International Olympic Committee.

Among the cities that have expressed their intention to submit bids by the Sept. 1 deadline are Tokyo, Madrid, Istanbul and Rome. The IOC will make its selection in September 2013.

Meanwhile, the broadcast rights to the 2020 Games were locked up by NBCUniversal/Comcast in June. The company won the rights as part of a deal that also includes the 2014 Sochi Winter Olympics, 2016 Rio de Janeiro Summer Games and 2018 Games.

The company beat out ESPN/ABC and News Corp.'s Fox, which had also bid for the rights package in presentations in Lausanne, Switzerland.