USOC Announces It Will Not Bid on 2020 Games

I find this news extremely frustrating. The USOC can't get it's act together enough to allow an interested city to bid on the 2020 games. According to ESPN:

The U.S. Olympic Committee has notified all interested cities that it will not submit a bid to host the 2020 Olympics, a person familiar with the negotiations told The Associated Press on Monday.   

Chicago, New York and Dallas were among those that had expressed interest in putting forth a bid to host the games, but any bid was contingent upon the USOC working out a long-simmering revenue-sharing deal with the International Olympic Committee.

It feels like more and more the USOC has become the "Anti-Olympic" committee. I really hope they can get it together and resolve this soon. With South Africa and the US officially out of the running it looks like the remaining contenders are Rome, Tokyo, Istanbul, and Madrid.