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Nike suspends Oscar Pistorius’s contract

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Nike suspended its contract with Oscar Pistorius after he was charged with premeditated murder in a Pretoria, South Africa court Monday for shooting and killing his girlfriend, Reeva Steenkamp.

“We believe Oscar Pistorius should be afforded due process and we will continue to monitor the situation closely,” Nike wrote in a brief statement.

Pistorius, who is famous for becoming the first double-amputee to compete at the Olympics, also saw his Oakley sponsorship suspended on Monday after his appearance in court.

In total, the sprinter’s sponsorships, which also include Thierry Mugler and the running blade manufacturer Ossur, are worth upwards of $5 million.

WATCH: Top basketball moments of the Rio Olympics

RIO DE JANEIRO, BRAZIL - AUGUST 20:  (L-R) Gold medalists Diana Taurasi #12 and Sue Bird #6 of United States celebrate during the medal ceremony after the Women's Basketball competition on Day 15 of the Rio 2016 Olympic Games at Carioca Arena 1 on August 20, 2016 in Rio de Janeiro, Brazil.  (Photo by Tom Pennington/Getty Images)
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As expected the U.S. took gold in both men’s and women’s basketball, with the men winning their third consecutive Olympic gold medal and the women running their streak to six straight. But there was a lot more to take in at the basketball venues, including Serbia’s men’s team winning their first Olympic basketball medal (as an independent nation), and Spain doing the same in the women’s bracket.

To watch the top basketball moments of the Rio Olympics, click here.

WATCH: Top track and field moments of the Rio Olympics

RIO DE JANEIRO, BRAZIL - AUGUST 14:  Usain Bolt of Jamaica celebrates winning the Men's 100 meter final on Day 9 of the Rio 2016 Olympic Games at the Olympic Stadium on August 14, 2016 in Rio de Janeiro, Brazil.  (Photo by Cameron Spencer/Getty Images)
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From Sam Kendrick’s patriotic moment to Usain Bolt’s “triple-triple,” check out the best moments from the 2016 Rio Olympics track and field competition.

You can watch all of these moments here.