A little more than an hour ago, FoxSports.com's Ken Rosenthal broke the story that New York Yankees outfielder Johnny Damon said he couldn't pay his bills because he had money invested with Stanford Financial.
CNBC has confirmed that the ATP Tour has terminated its agreement with Stanford Financial, which has been the "Official Investment Advisor" since 2005.
The sports world is reeling today after the SEC accused Robert Allen Stanford of the Stanford Financial Group of massive fraud.