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London Games come in $603 million under budget

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Beijing organizers essentially shouted Chinese culture at their worldwide audience in 2008, spending $67 billion on the Olympics while presumably using “we’re gonna need a bigger boat” as the punch line of every meeting they held leading up to the Games.

On the other hand, London, seemingly content not competing against Beijing’s incredible spectacle, aimed to only spend about $15 billion – or less than a quarter of what the previous Olympics cost.

Somehow they still came in under budget.

“The work of the construction and delivery teams, from the ODA and LOCOG, has set a very high standard,” said sports minister Hugh Robertson of the somewhat abnormal surplus. “I have no doubt that London 2012 has set a new benchmark for the management of Olympic and Paralympic Games in future.”

LOCOG ended up with about $603 million left over when all was said and done, which is great news for the London Legacy Development Corporation since it plans to spend $467 million of that on redeveloping the now four month old Queen Elizabeth Olympic Park in east London.

The update to what will essentially be a U.K. sports version of Disneyland will keep the aquatics, cycling, basketball, and handball venues intact, and will also include 2,818 new houses and apartments in five neighborhoods, as well as three schools, three health centers, nine nurseries, and a library.

Jim Craig: Minor changes, but no hesitation, in second ‘Miracle’ sale

Jim Craig
AP
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It has been 300 days since Jim Craig first announced he would sell a bundle of his “Miracle on Ice” memorabilia, including his gold medal, for $5.7 million.

They didn’t sell last year. So he took most of the items in the original bundle and is splitting them up in an auction that runs though June 17.

On Tuesday, Craig said he had no thoughts about keeping the most precious items in the 10 months in between sales.

“We wanted to sell an entire collection to a person that would have the financial means to be able to display it, hopefully that everybody would be able to come and enjoy it like they have the last 35 years,” Craig said. “It’s a lot better than being tucked in a closet.”

There are a few items from the original bundle that Craig decided not to auction this time around — a 1980 Sports Illustrated Sportsmen of the Year trophy, two watches that he gave to his kids and an Olympic ring.

VIDEO: Which Miracle item is toughest for Craig to sell?

Christie Rampone not at fitness level to compete for Olympic spot

Christie Rampone
Getty Images
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Christie Rampone, the 40-year-old captain of the 2015 U.S. Women’s World Cup team, has yet to return to full fitness after December knee surgery and pulled out of a U.S. camp ahead of two pre-Olympic friendlies in June.

Her bid for a fifth Olympics, and to become the oldest U.S. Olympic soccer player of all time, is in danger.

The camp begins Friday. The friendlies against rival Japan (which failed to qualify for Rio) are June 2 and June 5.

“I don’t feel 100 percent healthy enough to train and compete at that level,” Rampone said in a press release Tuesday. “I’ve been able to manage myself and contribute to Sky Blue [her club team] this season, which I will continue to do, but I also have an understanding of the level of fitness and health needed to push for an Olympic roster spot, and I know I’m not there right now. It’s not the right choice for myself or the team to put myself in that environment.”

Rampone, a defender, hasn’t played for the U.S. since her December arthroscopic knee surgery. At the 2015 Women’s World Cup, she played a total of 14 minutes.

The U.S. national team is currently without nine players from the 23-player World Cup team, though some are expected back for the Olympics, but only one of the missing other than Rampone is a defender (the retired Lori Chalupny).

The U.S. Olympic women’s soccer team for London was named in May 2012, but the Rio roster of 18 players is expected to be announced by early July.

VIDEO: Hope Solo ‘begrudgingly’ going to Rio Olympics