According to a press release issued minutes ago, Momentum Sports Group (MSG) and Floyd Landis have mutually agreed to terminate Landis' contract and thereby release both Landis and MSG from their respective obligations under the signed rider agreement for the remainder of the 2009 and 2010 racing seasons.

Landis returned from a well-documented serious hip injury and subsequent hip resurfacing procedure to assist Team OUCH in winning the Nature Valley Grand Prix, The Tour of Elk Grove and the Joe Martin Stage Races during the 2009 racing season. For the 2010 season, Landis expressed to team owner MSG that he desires to ride the longer, tougher stage races offered in Europe and internationally that better suit his strengths. Accordingly, given that MSG will be focusing its 2010 racing season primarily in the United States, MSG and Landis mutually agreed that it would be best for both parties to part ways at this time and allow Landis to seek a position with a team that could better accommodate his desires than Team OUCH will be able to.

"I wish to thank all of the sponsors for their support this year. I would also like to thank everyone at Momentum Sports Group," Landis commented. "While I'm excited to pursue other opportunities, I will miss all of my teammates and everyone on staff."