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Speedo dumps Ryan Lochte

Related Topics: Speedo, Ryan Lochte

Ryan Lochte, through it all, remains a young man. He has many bridges yet to cross, many adventures yet to embark upon, and many more drunken exaggerations about armed robbery yet to make.

Alas, Lochte will do all of these without the backing of Speedo. The swimwear giant dumped him on Monday. Speedo also said it is donating $50,000 from Lochte's fee to the global charity Save the Children in Brazil.

MORE: Lochte sort of takes responsibility

"While we have enjoyed a winning relationship with Ryan for over a decade and he has been an important member of the Speedo team, we cannot condone actions counter to the values this brand has long stood for.