Lance Armstrong in Paris, photo by AP.

It seemed inevitable, but it took awhile: Today, Wednesday, October 17. 2012, Nike announced it was ending it’s contract with Lance Armstrong.

“Due to the seemingly insurmountable evidence that Lance Armstrong participated in doping and misled Nike for more than a decade, it is with great sadness that we have terminated our contract with him,” the athletic firm said in a statement. “Nike does not condone the use of illegal performance-enhancing drugs in any manner.”

Nike also said it plans to continue its support of Armstrong’s Livestrong charity. However Armstrong announced today also, that he has stepped down as chairman of the organization.

The U.S. Anti-Doping Agency released a slew of reports last week detailing the doping of Armstrong and his teams when winning the Tour de France 7 times in a row from 1999 to 2005.