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Chad Kagy off DC

Updated: October 28, 2009, 5:06 PM ET
By Brian Tunney

This just in: Chad Kagy is off DC Shoes. In a very humble statement from Chad, here's the deal:

"Got off the phone with DC shoes not long ago and due to budget cuts and the reallocation of funds and effort toward the core of their company (skate) they will not be renewing any contracts that are expiring this year in the other sports they work with. Since I'm the only BMX guy on the team with a contract expiring, I will be the only guy leaving the team. Rough budgets make for quick ...

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