Nike cuts ties with Ryan Braun

Nike Inc. severed its endorsement contract with former National League MVP Ryan Braun, who on July 22 was suspended by Major League Baseball for the remainder of the season due to drug violations, company spokesman KeJuan Wilkins said in an email.

Braun isn't the first athlete to be let go by Nike, which released seven-time Tour de France winner Lance Armstrong in the wake of his admission to using performance-enhancing drugs. Braun repeatedly denied using drugs after failing a test during the 2011 post-season.

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