Lance Armstrong announced on Thursday night his decision to not pursue arbitration in a drug case against him by the U.S. Anti-Doping Agency. If ruling sees against him on Aug. 24, the Tour de France star cyclist will lose his winning titles and receive a lifetime ban on the sport. USADA's Chief Executive, Travis Tygart, said that the stripping of the cyclist's titles and the ban would happen, even though Armstrong is retired, because the International Cycling Union is "bound to recognize our decision and impose it" under the World Anti-Doping Code, according to the Associated Press.