The front pages of the New York Post and the New York Daily News display the image of U.S. Olympic swimmer Ryan Lochte in New York, U.S., August 19, 2016. REUTERS/Lucas Jackson
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Speedo USA also said it would donate $50,000 of Lochte's fee to Save The Children to benefit needy youngsters in Brazil.Shortly after Speedo USA made its announcement, Ralph Lauren followed suit.Lochte issued a brief statement through his public relations firm on his long relationship with Speedo.The financial costs of losing Speedo and Ralph Lauren are likely to be only the first sanctions that await Lochte, whose night of partying ended up tarnishing the reputation of the American team and dominating news away from the stadiums and arenas in the final days of the Rio Games that closed Sunday night.Both the U.S. Olympic Committee and USA Swimming have indicated that Lochte will be punished, perhaps endangering the 32-year-old's hopes of competing in a fifth Olympics at Tokyo in 2020 . Lochte is a 12-time Olympic medalist and long one of the most popular U.S. athletes, known for his trademark saying "Jeah!" and such antics as wearing diamond grillz on the medal stand and dying his hair a silvery color before the Rio Games.At these games, Lochte had a greatly reduced role after qualifying for just one individual event.
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