United States will not bid for 2020 Olympics

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

USOC spokesman Patrick Sandusky said Monday on Twitter that "I can confirm the US will not be bidding for the 2020 Olympic Games." He told The Associated Press the cities that had expressed interest were notified over the weekend that no bid would happen.

Countries have until Sept. 1 to submit the name …