FILE - In this July 6, 2010 file photo, Lance Armstrong of the United States, arrives prior to the start of the third stage of the Tour de France cycling race in Wanze, Belgium. Nike Inc. is cutting ties with the Livestrong cancer charity. The move by the sports company ends a nine-year relationship that helped the foundation raise more than $100 million and made the charity's signature yellow wristband an international symbol for cancer survivors. (AP Photo/Christophe Ena, FIle)
FILE - In this July 6, 2010 file photo, Lance Armstrong of the United States, arrives prior to the start of the third stage of the Tour de France cycling race in Wanze, Belgium. Nike Inc. is cutting ties with the Livestrong cancer charity. The move by the sports company ends a nine-year relationship that helped the foundation raise more than $100 million and made the charity's signature yellow wristband an international symbol for cancer survivors. (AP Photo/Christophe Ena, FIle)
FILE - In this Aug. 25, 2012 file photo, Lance Armstrong talks to reporters after his second-place finish in the Power of Four mountain bicycle race at the base of Aspen Mountain in Aspen, Colo. Nike Inc. is cutting ties with the Livestrong cancer charity founded by Armstrong. The move by the sports company is the latest fallout in the doping scandal surrounding the former cyclist, who now admits he used performance-enhancing drugs to win the Tour de France seven times. (AP Photo/David Zalubowski, FIle)
FILE - In this Sept. 22, 2010 file photo, Lance Armstrong, cyclist and Livestrong founder, attends the Clinton Global Initiative in New York. Nike Inc. is cutting ties with the Livestrong cancer charity. The move by the sports company ends a nine-year relationship that helped the foundation raise more than $100 million and made the charity's signature yellow wristband an international symbol for cancer survivors. (AP Photo/Mark Lennihan, File)
FILE - In this Aug. 25, 2012 file photo, Lance Armstrong, right, jokes with his girlfriend, Anna Hansen, center, and their daughter, Olivia, after his second-place finish in the Power of Four mountain bicycle race at the base of Aspen Mountain in Aspen, Colo. Nike Inc. is cutting ties with the Livestrong cancer charity founded by Armstrong. The move by the sports company is the latest fallout in the doping scandal surrounding the former cyclist, who now admits he used performance-enhancing drugs to win the Tour de France seven times. (AP Photo/David Zalubowski, File)
FILE - In this July 24, 2005 file photo, Lance Armstrong, of Austin, Texas, carries the United States flag and wears a jersey with Nike logos during a victory parade on the Champs Elysees avenue in Paris, after winning his seventh straight Tour de France cycling race. Nike Inc. is cutting ties with the Livestrong cancer charity founded by Armstrong. The move by the sports company is the latest fallout in the doping scandal surrounding the former cyclist, who now admits he used performance-enhancing drugs to win the Tour de France seven times. (AP Photo/Peter Dejong, File)
AUSTIN, Texas (AP) ? Nike, which helped build Lance Armstrong's Livestrong cancer charity into a global brand and introduced its familiar yellow wristband, is cutting ties with the foundation in the latest fallout from the former cyclist's doping scandal.
The move by the sports shoe and clothing company ends a relationship that began in 2004 and helped the foundation raise more than $100 million, making the charity's bracelet an international symbol for cancer survivors.
But the relationship soured with revelations of performance-enhancing drug use by Armstrong and members of his U.S. Postal Service team.
Nike said Tuesday it will stop making its Livestrong line of apparel after the 2013 holiday season. Foundation and company officials said Nike will honor the financial terms of its contract until it expires in 2014.
Those terms were not disclosed.
Nike dropped its personal sponsorship of Armstrong last October after U.S. Anti-Doping Agency exposed the team doping program and portrayed Armstrong as its ringleader. And after years of denials, Armstrong admitted earlier this year he used performance-enhancing drugs to win the Tour de France seven times.
Officials at Livestrong, which announced the split on Tuesday, said the foundation remains strong and committed to helping cancer patients worldwide through its survivorship programs.
Armstrong, who started the charity in 1997 as the Lance Armstrong Foundation, was pushed off the board of directors in October and the organization later changed its formal name to Livestrong.
In a statement, Livestrong officials said the foundation is "deeply grateful" to Nike.
"Together, we created new, revolutionary ways of thinking about how non-profits fuel their mission and we're proud of that," the foundation said.
A Nike spokesman did not immediately return a telephone message seeking comment.
Armstrong declined comment, noting he no longer has a relationship with Livestrong or Nike.
Livestrong officials say the charity remains on solid financial ground.
"This news will prompt some to jump to negative conclusions about the foundation's future. We see things quite differently. We expected and planned for changes like this and are therefore in a good position to adjust swiftly and move forward with our patient-focused work," the foundation said.
The foundation said it reduced its budget nearly 11 percent in 2013 to $38.4 million, but said Tuesday that revenue is already 2.5 percent ahead of projections. The foundation also noted that last month, it received a four-star rating from Charity Navigator, which evaluates charities based on financial health, accountability and transparency.
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