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USA Gymnastics files for bankruptcy

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USA Gymnastics is turning to bankruptcy in an attempt to ensure its survival.

The embattled organization filed a Chapter 11 bankruptcy petition on Wednesday in an effort to reach settlements in the dozens of sex-abuse lawsuits it faces and to avoid its potential demise at the hands of the U.S. Olympic Committee.

USA Gymnastics filed the petition in Indianapolis, where it is based. It faces 100 lawsuits representing over 350 athletes in various courts across the country who blame the group for failing to supervise Larry Nassar, a team doctor accused of molesting them. Nassar, 55, worked at USA Gymnastics and Michigan State University for decades. He is serving effective life sentences for child porn possession and molesting young women and girls under the guise of medical treatment.

Kathryn Carson, the recently elected chairwoman of USA Gymnastics’ board of directors, said the organization’s goal is to speed things up after mediation attempts failed to gain traction.

“Those discussions were not moving at any pace,” Carson said. “We as a board felt this was a critical imperative and decided to take this action.”

The filing does not affect the amount of money available to victims, which would come from previously purchased insurance coverage, she said. Carson said the insurance companies “are aware we’re taking this action and our expectation is they will come to the table and pay on our coverage.”

Carson added: “This is not a liquidation. This is a reorganization.”

John Manly, an attorney representing dozens of women who have pending lawsuits against USA Gymnastics, chastised the organization for continuing to “inflict unimaginable pain on survivors” and encouraged law enforcement officials to “redouble” their investigative efforts.

“Today’s bankruptcy filing by USA Gymnastics was the inevitable result of the inability of this organization to meet its core responsibility of protecting its athlete members from abuse,” Manly said in a statement. “The leadership of USA Gymnastics has proven itself to be both morally and financially bankrupt.”

USA Gymnastics insists that’s not the case, stressing that the filing is based on legal expediency, not fiscal distress.

While Carson acknowledged that sponsorship is down since the first women came forward against Nassar in the fall of 2016, she described the financial condition of USA Gymnastics as “stable.”

USA Gymnastics reported assets in a range of $50 million to $100 million and a similar range of liabilities, with 1,000 to 5,000 creditors. The organization said its largest unsecured creditor is former president and CEO Steve Penny, who is owed $339,999.96. USA Gymnastics is disputing Penny’s claim, though attorney Cathy Steege declined to get into the specific nature of the dispute.

Penny resigned under pressure from the USOC in March 2017. Two other presidents — Kerry Perry and former U.S. Rep. Mary Bono — have followed in what has become a revolving door amid the organization’s hierarchy.

It’s that chaos at the top that led the USOC to initiate the process of removing USA Gymnastics as the sport’s national governing body at the Olympic level — a step that’s taken only under the most extreme circumstances.

In an open letter to the gymnastics community in November, USOC CEO Sarah Hirshland said “you deserve better,” and that the challenges facing USA Gymnastics were more than it was capable of overcoming as currently constructed.

Carson said the legal maneuvering Wednesday delays the USOC’s efforts to strip its designation as a national governing body.

“We always have a dialogue going with them and intend to make it clear with them we have a lot to talk about and we want to keep that going,” she said.

USOC spokesman Patrick Sandusky said the committee is reviewing the filing’s potential effect on decertification. “Financial stability and viability are essential for a national governing body to operate in the best interests of the athletes,” Sandusky said.

USA Gymnastics believes bankruptcy protects it from having opportunities or assets taken away by a debtor. Carson acknowledged that being a national governing body “is a big part of how we raise our revenue.”

Carson, who replaced Karen Golz as chairwoman last week, said she accepted the position because she believes in the direction of USA Gymnastics, which she said doesn’t need money but rather time.

“We think we’re changing the dynamic and we certainly believe that we will try to remain the NGB,” Carson said. “To be clear, it is our lawyers’ firm belief that the bankruptcy will automatically stay (decertification) … and we will work with the USOC to regain credibility.”

Nicholas Georgakopoulos, a bankruptcy expert and law professor at the Indiana University’s Indianapolis campus, said USA Gymnastics is “hoping for a miracle” with its legal maneuvering.

“The USOC says you violated this relationship, here are the consequences and USA Gymnastics is saying it filed for bankruptcy, there are no consequences,” Georgakopoulos said. “This is like a gambling addict who goes to the casino and gambles every day and one day the casino says you can’t come anymore, you’ve lost too much, and addict says, I filed for bankruptcy, you can’t stop me from coming to the casino.”

If the USOC wants to go forward with decertification, it must now go to court.

USA Gymnastics has no timetable on how long the bankruptcy process will take and did not offer a ballpark on how much it expects to pay in settlements. Its doors, however, remain open for business.

“We are continuing to pursue all aspects of our current operating model,” Carson said. “This affords us an opportunity to reorganize as well as resolve the claims with the survivors.”

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Who is Germany’s greatest Olympian?

Birgit Fischer-Schmidt
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The combined all-time German Olympic medal total (including East Germany and West Germany) trails only the United States and Russia/Unified Team/Soviet Union. Norway owns the most Winter Olympic medals of any single National Olympic Committee, but the Germany/East Germany/West Germany sum is actually greater. A look at five of Germany’s greatest Olympians …

Kathrin Boron
Rowing
Four Olympic Gold Medals

Alternated gold medals between double sculls and quadruple sculls from 1992 through 2004, the last one as a mom, tacking on a bronze in 2008. Boron also earned eight world titles. In 19 total Olympic and world championships starts, she collected 12 golds, five silvers, a bronze and a fourth. An ankle injury kept her out of the 1988 Olympics at age 18, or else she could have been the first woman to take gold at five Olympics.

Birgit Fischer-Schmidt
Canoe-Kayak
Eight Olympic Gold Medals

Considered by some the greatest Olympian in history. Fischer-Schmidt won 12 Olympic medals (in 13 career Olympic events) and 37 world championships medals from 1979-2005, scattered among four retirements, two childbirths and the 1984 East German boycott. Fischer-Schmidt retired after earning her last two world championships bronze medals in 2005 at age 43. Had Fischer-Schmidt extended to one more Olympics in 2008, she could have been on the same team as niece Fanny Fischer, who earned a gold of her own in Beijing.

Georg Hackl
Luge
Three Olympic Gold Medals

The only luger with three individual Olympic titles. Hackl was called the “Flying White Sausage” for his build and Bavarian roots, a nickname he opposed. His speed on the sled was not up for debate. Hackl finished second in singles and fourth in doubles in his Olympic debut in 1988. Then he won singles golds in 1992, 1994 and 1998 before bowing out in 2006. He then became a coach for the German team and its next luge great — 2010 and 2014 Olympic champion Felix Loch.

Claudia Pechstein
Speed Skating
Nine Olympic Medals

The only woman to compete in seven Winter Olympics. Pechstein owns Olympic titles in the 3000m, 5000m and team pursuit, the last medal of any color coming in 2006. At 48, she continues to race on the top international level, placing eighth, ninth and 11th at the world single distances championships in February, 28 years after her Olympic debut in Albertville, France. Pechstein served a two-year doping ban from 2009-11 over irregularities in her biological passport. She denied cheating and fought the ban in court for several years after its conclusion.

Isabell Werth
Equestrian
10 Olympic Medals

The most decorated Olympic equestrian with 10 medals and six golds. Werth, nicknamed the “Dressage Queen,” earned her first medals at the 1992 Barcelona Games and now, at 50, currently holds the Nos. 1 and 2 world rankings with two different horses. In 10 career Olympic events, she has never finished worse than second place. No other female Olympian can make that claim.

MORE: Most decorated U.S. female Olympian on front line of coronavirus fight

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Takeaways from the abbreviated 2019-20 figure skating season

Nathan Chen and Jason Brown
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Before the cancellation of the world figure skating championships due to coronavirus, audiences were anticipating a head-to-head battle between two-time and reigning world champion Nathan Chen against two-time Olympic gold medalist Yuzuru Hanyu

Three Russian teenagers — and training partners — were likely to finish in some order atop the women’s podium. The hot spot of ice dance today, Montreal, was to play host to the championships, with four-time French world champions Gabriella Papadakis and Guillaume Cizeron of France going for title number five. 

Sui Wenjing and Han Cong of China, just off a sixth Four Continents crown, were favorites to become three-time world champions, but young Russians Aleksandra Boikovi and Dmitrii Kozlovskii looked strong to challenge them. And what about the world championships debut of U.S. pair Jessica Calalang and Brian Johnson, who arguably captured the top moment of the national championships in January? 

With or without the world championships, the 2019-20 season has come to a close. Here, the NBC Sports figure skating contributors reflect on the standout moments of the season. 

MORE: Nathan Chen, skating coaches react to cancellation of world figure skating championships

Men’s 

For the second season in a row, Chen successfully completed a double: full-time studies at Yale University, combined with a near-full slate of competitions. He remains undefeated since the 2018 Olympics, with wins at Skate America, Internationaux de France, the Grand Prix Final and the U.S. Championships. His only seeming concession to scheduling was skipping the Four Continents Figure Skating Championships, held in Seoul, Korea in early February.

“Competition after competition keeps me motivated, knowing I have to achieve a certain goal at each competition,” Chen said early this season. “That’s what drives me through practices.”

The shining moment of his 2019/2020 campaign came in December at the Grand Prix Final in Torino, Italy, where he landed five quadruple jumps — two in combination with triple jumps — in a spectacular free skate that earned 224.92 points, a world record. His total for the event, 335.30, is also a record, and he defeated two-time Olympic champion Hanyu by nearly 44 points. 

Artistically, the highlight of the Chen’s free skate to Elton John’s “Rocketman” is a 30-second hip-hop sequence at the end of the routine. 

“I’m thrilled with the score,” Chen said after his “Rocketman” free skate in Torino. “I’m thrilled with this program.”

Hampered early in the season by a concussion suffered in an August car accident, Jason Brown hit his high note at Four Continents, where he skated two career-best programs to win silver behind Hanyu. His free skate, choreographed by David Wilson to music from Schindler’s List, was breathtaking in Seoul.

“My background, obviously, is Jewish, and the story is so touching,” Brown said. “I grew up learning about the Holocaust and about Oskar Schindler and the stories. I always wanted to skate to it, but it has to be when I’m at the level, maturity-wise, that I’m really ready to skate to it.”

Balancing skating with full-time studies isn’t doable when there are no available ice surfaces within an easy drive. Vincent Zhou couldn’t find the ice time he needed at Brown University. He withdrew from the Grand Prix Series and all but stopped skating after a few weeks, returning to the sport in full force around Christmas, under new coaches Lori Nichol and Lee Barkell in Toronto. He rallied to perform two clean programs and place fourth at nationals — his lowest finish since his 2016 senior debut — but made the Worlds team as the reigning Worlds bronze medalist.

MORE: Nathan Chen, from flu-ridden on the floor, fights for 4th U.S. title

Women’s 

Russia’s “three A’s” — Alena Kostornaia, Anna Shcherbakova and Alexandra Trusova — combined to win every major international senior event on the 2019-20 calendar. Shcherbakova and Trusova both have quads, but Kostornaia, the Grand Prix Final and European champion, outshone her compatriots by combining elegance and musicality with a consistent triple Axel.

Alysa Liu of the United States, 14, made her long-awaited junior international debut, adding a quadruple Lutz to her programs and becoming the first woman to land a triple Axel and a quad in the same routine, doing it at the Lake Placid JGP in August. She won her second U.S. crown in January, and then capped her season with a bronze medal behind two Russians at the World Junior Figure Skating Championships early last month. 

“I don’t feel [outside] pressure to be the best in the world,” Liu told Phil Hersh of NBCSports.com/figure-skating in January. “I just take it step by step and work hard for myself.”

U.S. silver medalist Mariah Bell had a fine season, winning two bronze medals on the Grand Prix circuit and creating one of the signature moments of the U.S. Championships with a stirring, near-perfect free skate to “Hallelujah.”

“Looking back, this was by far the best season of my career, so I’m very proud,” Bell said on a teleconference the day worlds were cancelled. “I’m really looking forward to building on that next season.”

U.S. bronze medalist Bradie Tennell can also celebrate her best campaign. The 2018 U.S. champion qualified for the Grand Prix Final for the first time, and broke more new ground in Seoul last month where two career-high programs earned her a bronze medal at Four Continents, her first ISU Championships medal.

“I feel like I was able to relax and skate the way that I do every day,” Tennell said at a press conference in Seoul. “That’s kind of been my goal not only this year but also last year. I feel like I never quite achieved it last year. But this year throughout each competition I’ve been getting closer and closer, and at this competition I was able to really achieve that.”

Following a long road back to the sport that involved treatment for depression, anxiety and an eating disorder, Gracie Gold earned a standing ovation at the U.S. Championships. She ultimately finished 12th after an emotional free skate to “She Used to be Mine,” but told reporters she would continue training for next season.

“I think I’ve earned that,” Gold said.

MORE: Gold recounts literally and figuratively running out of gas

Ice dance 

2019-20 was truly Madison Chock and Evan Bates’ season. The couple, who moved to Montreal to train under Marie-France Dubreuil and Patrice Lauzon last season, created a mesmerizing “Egyptian Snake Dance” program, won a silver medal at the Grand Prix Final and defeated longtime rivals Madison Hubbell and Zachary Donohue to take their second U.S. title, some five years after they first won the crown. Two weeks later, they won a second straight Four Continents title, defeating Hubbell and Donohue and Canadian champions Piper Gilles and Paul Poirier.

With Papadakis and Cizeron showing some cracks in their armor — the French duo placed second at the European Championships, their first loss since the 2018 Olympics — a world title seemed to be within Chock and Bates’ grasp. 

“This has been the best season of our careers, no doubt about that, and a big part of that is our program [“Egyptian Snake Dance”] and the way we performed it,” Bates said. “Also just the improvements we made to our skating, generally, since moving to Montreal have started to be recognized and rewarded.”

The French, who train alongside Chock and Bates, Hubbell and Donohue and many other teams in Montreal, may be glad to bid the 2019-20 season farewell. Their programs, especially their free dance to a spoken word poem, were not nearly as praised as their past efforts. After Europeans, a stressed Papadakis spoke to reporters about her mental fatigue, and the couple took a two-week break from training. Now, they have a long off-season to recoup and plan new programs.

Hubbell and Donohue, too, had a few ups-and-downs. The skaters and their coaches, Lauzon, Dubreuil and Romain Haguenauer, re-worked music edits and sections of choreography in their Star is Born free dance, hoping for a peak performance in Montreal and a third consecutive world medal. Now, the two-time U.S. champions will have a long off-season to create new programs.

The season ended on a truly somber note, with the loss of Chris Reed, a three-time Olympic ice dancer for Japan who died of a sudden cardiac event at age 30 in March. Fellow skaters paid tribute over social media for the Michigan-born Reed, who won 10 Japanese titles over his career. 

Pairs 

Chris Knieirm, winner of an Olympic team bronze medal and three U.S. Championships with his wife, Alexa, announced his retirement shortly after the couple withdrew following the short program at Four Continents. 

The Knierims, the only U.S. pair to execute a quadruple twist in competition, capped their career in January, at the U.S. Championship in Greensboro. Their final complete competition was highlighted by a clean, emotional performance to the romantic ballad “At Last,” which gave them a seven-point lead over Calalang and Johnson, and, ultimately, their third U.S. title

“It was a dream that was attainable to skate the way we did today, but it always seems something gets in the way,” Scimeca-Knierim said at the time. “I’ve just been wanting for this moment to happen, because it’s been a little bit of time for Chris and I to have a skate that makes you feel, like, alive. I’m just so happy.”

Haven Denney and Brandon Frazier also announced a split, and Scimeca-Knierim and Frazier plan to for a new pair and compete next season

The shakeup will add to the likely shuffling of U.S. pair rankings next season. U.S. silver medalists Calalang and Johnson won the free skate at the U.S. Championships, and two weeks later placed a solid fourth at Four Continents. Lacking an international resume, they were controversially left off the world team in favor of 2019 U.S. champs Ashley Cain-Gribble and Timothy LeDuc, who placed fourth in Greensboro. They had placed ninth at the 2019 Worlds, earning a second quota spot for the U.S. in the discipline. 

These two pairs, along with 2016 U.S. champions Tarah Kayne and Daniel O’Shea, and perhaps, a few improving teams, will compete for supremacy. This, partnered with the new Scimeca-Knierim/Frazier partnership should lead to something to watch for in the upcoming season.

Other notable aspects of the season: 

By the middle of September, it already was clear the season would feature a jump revolution in women’s skating. Yet no one could have foreseen the speed at which it occurred and how far it went.

With statistics courtesy of skatingscores.com, this illustrates what happened:

Until 2018, just one junior or senior woman, Miki Ando of Japan, had been credited with landing a quadruple jump in a significant national or international competition (2002 Junior Grand Prix Final). From the 2017-18 season until the start of this season, there were 21 quad attempts by three skaters (Shcherbakova, Trusova, Yelizabet Tursynbaeva) in significant international competitions, with 13 getting full rotational credit and eight judged clean (positive or neutral grade of execution).

This season, seven women were listed for 42 quad attempts in significant international competitions, with four — Shcherbakova, Trusova, Kamila Valieva and Alysa Liu — getting credit for at least one clean quad and 25 of the 42 judged clean.

Trusova landed three clean quads in a single free skate and did three different types cleanly during the season — Lutz, flip and toe loop (plus a fourth, the Salchow, at the Japan Open, which Skating Scores does not list among its “major,” or significant, events because of its limited field). Shcherbakova did two clean quad Lutzes in a single free skate.

There was a similar great leap forward on triple Axels.

Until this season, only eight women had been credited with landing one in a significant international competition. Four of those eight had done it in the pre-IJS and pre-replay era.

This season, the triple Axel club got three new members: Liu*, Kostornaia and Young You. Two previous members, Yelizaveta Tuktamysheva and Rika Kihira, did more. The five had an aggregate 23 judged clean.

And all that was without the senior worlds.

(*Liu was credited with landing a triple Axel at the 2018 Asian Open, when she competed in the advance novice division.)

A bit of history

2020 also marked the 10-year anniversary of two notable Olympic moments from Vancouver 2010: Yuna Kim won South Korea’s first Olympic figure skating gold and Evan Lysacek won the first U.S. men’s Olympic gold since Brian Boitano in 1988.

MORE: In figure skating, a radical proposal to reshape the sport

As a reminder, you can watch the events from the 2019-20 figure skating season live and on-demand with the ‘Figure Skating Pass’ on NBC Sports Gold. Go to NBCsports.com/gold/figure-skating to sign up for access to every ISU Grand Prix and championship event, as well as domestic U.S. Figure Skating events throughout the season. NBC Sports Gold gives subscribers an unprecedented level of access on more platforms and devices than ever before.

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