USA won't bid for 2020 Olympics

The U.S. Olympic Committee has decided not to put forth a bid city for the 2020 Summer Games, a spokesman for the federation confirmed Monday.

Chicago, New York and Dallas were among those that had expressed interest in bidding to host the games. The USOC has been working for the past two years to resolve a conflict with the IOC over revenue sharing. The issue has been viewed as a stumbling block that the USOC needs to overcome if it is to launch a successful bid campaign.

"With such little time left in the process, we don't believe we could pull together a winning bid that could serve the Olympic and Paralympic Movement," USOC spokesman Patrick Sandusky said in a statement.

Countries have until Sept. 1 to submit the name of candidate cities. South Africa announced last week it would not put together a bid for 2020. Rome, Tokyo, Madrid and Istanbul, Turkey have stepped forward with bids.

The last games on U.S. soil were the Salt Lake City Winter Olympics in 2002 and the last Summer Olympics were the Atlanta Games in 1996.

Two years ago Chicago lost in the first round of IOC voting for the 2016 Summer Olympics, which went to Rio de Janeiro. Four years earlier, New York lost in the second round of voting for the 2012 Summer Games.

The USA's most likely next bid would be for the 2022 Winter Olympics. Denver and Reno-Tahoe have expressed interest.