Morgenstein sent out an email to SwimNews which stated: "I felt like it was time as a company to make a statement. We will continue to work with our athletes who work with TYR and make sure they get what they need, but in the future we will not be pursuing them." [Link]
He goes on to say that Erik Vendt did NOT violate his contract by wearing a Speedo at the Long Beach Grand Prix while under contract with TYR and after hearing that I sincerely think that any sophisticated reader has questions about that statement.
Morgenstein predicts a backlash from the swim community over this treatment of Vendt and he couldn't be more right about a backlash but it isn't going to be about Erik Vendt. It is going to be, and has been, all about USA Swimming for-profit deals.
One such deal with the Wasserman Media Group led to the pulling of
We're going to be seeing a backlash from swim suit manufacturers too; (starting with this TYR lawsuit), who do not appreciate a non-profit, National Governing Body favoring one brand over another due to the amount of cash that particular brand pours into the USA Swimming's coffers.
For instance USAS allows no other swimsuit company save for Speedo to advertise in their Splash Magazine. Speedo has banner ads on the USAS site, a Speedo branded tip of the week article and recently we have all heard the National team coach seriously pimp Speedo while never mentioning that he was on the Speedo payroll. (See TYR Brief).
The aforementioned is a big deal for legally, a non-profit is not allowed to profit from the subject of their non-profit. That is why teachers have bake sales instead of tutoring students in exchange for cash. Hence, USA Swimming can't let this go to court. If they do then a judge will tear into their bank account and neither Congress nor FINA would like that.
I suspect this lawsuit will be settled before Beijing or else the public will see how USAS does business. Though I am hoping we do!
So, unlike Swim Network which is owned by the Wasserman Media Group, or Swim News that is very pro Speedo, I am rooting for TYR since this isn't about Speedo, it's about the for-profit tactics of USAS.
Here is a Reuters overview: [Link]