Dow deal could improve chemistry between U.S. and International Olympic committees

The announcement coming Friday in New York about the newest International Olympic Committee global sponsor should be a big part of helping the U.S. Olympic Committee resolve its ongoing problems with the IOC over global sponsorship money.

The new sponsor is Dow Chemical, according to sources familiar with the negotiations.

And the USOC apparently will forgo its contractual share -- some $20 million -- of the Dow deal as a peace offering to the IOC.

Read more: Dow deal could improve chemistry between U.S. and International Olympic committees

-- Philip Hersh, reporting for the Chicago Tribune

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