The author of the article didnt provide conclusive information one way or the other....
"One team official told CNBC that it had a multi-year deal with the company that provided for either the team or Spongetech to get out early. The official said that SpongeTech did pay for its 2009 signage, but that the rest of the deal has been canceled."
Where in the above does it state which party retracted the contract? It simply states that both sides had an out, yet it didnt specify who backed out.