(UTV|COLOMBO) – Lance Armstrong has agreed to pay $5m (£3.5m) to the US government to settle a long-running lawsuit that could have cost him $100m (£71m) in damages, the BBC Sport reported.
The American, 46, was accused of fraud by cheating while riding for the publicly funded US Postal Service team.
He was stripped of his seven Tour de France titles and banned from cycling for life in 2012 before admitting to using performance-enhancing drugs.
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