IOC to start negotiations with USOC to resolve dispute over Olympic revenue share

The IOC said Wednesday it will start negotiations with the U.S. Olympic Committee on the American body's share of global Olympic revenues, a festering issue which has strained relations between the two organizations and threatened to damage Chicago's bid for the 2016 Games.

Under a long-standing deal with the International Olympic Committee, the USOC receives nearly 13 percent of U.S. TV rights fees and 20 percent of global marketing revenues _ totaling hundreds of millions of dollars.

IOC president Jacques Rogge said the USOC had submitted unspecified written proposals to resolve the issue.

Negotiations would seek a short-term solution on U.S. …