Posted by Sabrina B. @gametimegirl

The U.S. Olympic Committee has notified all interested cities that it will not submit a bid to host the 2020 Olympics.

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.

“With such little time left , we don’t believe we could pull together a winning bid that could serve the Olympic and Paralympic Movement,” USOC spokesman Patrick Sandusky posted on his Twitter page.

He also tweeted that a 2022 bid isn’t being considered right now.

A person familiar with the negotiations, who did not want his name revealed because the talks are secret, told The Associated Press that the revenue-sharing issue was not solved and there was no time to field a viable candidacy.

Countries have until Sept. 1 to submit the name of possible candidate cities.

–ESPN