USTA sues Olympus over sponsorship deal(2)
The U.S. Tennis Association is suing Olympus Corporation of the Americas for $11.65 million for breach of contract, saying the camera company wants to get out of their sponsorship agreement for 2011.
Olympus and the USTA have been partners since 2003. In a 2007 agreement, they extended their partnership through 2013, including making Olympus the title sponsor of the U.S. Open Series of hard-court events leading up to the year's last Grand Slam tournament.
The contract allowed Olympus to opt out of the last two years of the deal, which it recently did. But the USTA complaint says Olympus also is trying to "prematurely" shed its commitments for 2011.
An Olympus spokeswoman says the USTA's "allegations ... are without merit."