Officials with Dallas-based SCA Promotions confirmed in a statement issued Sunday that a settlement had been reached.
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In a statement Sunday to The Associated Press, Armstrong said settlement terms were private but apologized to SCA and its chief executive Bob Hamman for “any past misconduct on my part” in the dispute.
It wasn’t the first time Tillotson and SCA tussled with Armstrong: In 2004 SCA tried to keep from paying the bonus around the same time reporters Pierre Ballester and David Walsh published their book L.A. Confidentiel: Les secrets de Lance Armstrong, in which Armstrong’s masseuse Emma O’Reilly spoke openly of performance-enhancing drug use.
When Armstrong was at the height of his success, SCA agreed to underwrite the bonus payments his sponsors were compelled to make under the terms of their contracts.
That action was later joined by the US Department of Justice and could cost Armstrong up to $100 million if it goes against him.
I’m pleased to have this matter behind me and I look forward to moving on. When that dispute led to arbitration proceedings, Armstrong and others were forced to give depositions.
Lance Armstrong, who, technically, did not win anything.
The American, 44, received the money from SCA Promotions Inc in relation to his seven Tour de France victories. The company was made to pay 7.5 million dollars, on top of an earlier payment of 4.5 million dollars.
After years of lying about it and fighting those who questioned it, Armstrong finally admitted to doping in a televised interview with Oprah Winfrey in January 2013.
“Perjury must never be profitable”, the panel wrote, ordering Armstrong to pay $10 million.
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After Armstrong’s confession in 2013, SCA sought to have that decision reversed.
