TODAY | January 05, 2013
>>> this morning with lance armstrong and reports that he is considering making a public admission about using performance enhancing drugs . michelle franzen is here to tell us more about that. good morning.
>>> good morning. the cycling champion was long revered as an athlete and cancer survivor who inspired others to reach for their dreams. for years, armstrong has also been caught up in allegations he was involved in a doping scandal. this morning "the new york times" reports lance armstrong is weighing his options on whether or not he should admit to using banned performance enhancing drugs during his cycling career. the u.s. anti-doping agency, a body that certifies athletes for competition, issued a damaging report in august and said it had evidence armstrong used drugs. the agency banned armstrong from competition for life. he was stripped of his record seven tour de france titles and quickly following the report, his biggest sponsors, nike, anheuser-busch, and trek bicycles dropped him. armstrong has strongly denied the allegations all along, and he has stepped down as chairman of livestrong, the cancer survivor charity he founded. in a statement to nbc news, armstrong 's attorney said, "there are no ongoing discussions with usada and no contact with mr. howman as reported by "the new york times." and that is the extent of any comment at this time. the article states armstrong would like to clear the path to compete again and lessen the fallout for his charity. if armstrong is considering this as an option, there are some major legal hurdles to consider. federal prosecutors dropped their criminal investigation last year, but armstrong still faces several investigations including a case filed by his former teammate, floyd landis . any admission could bring new legal troubles and punishment by the anti-doping agency.