Jul 26, 2010 at 08:43 PM
written by AP; Rachel Cohen

BMW, USOC make 6-year sponsorship deal official

A German automaker sponsoring American athletes? BMW and U.S. Olympic Committee officials see nothing contradictory about that in this global economy.

The two organizations made their six-year deal official Monday at a news conference at a BMW dealership in Manhattan. A person familiar with the contract told The Associated Press in May that it's worth about $24 million.