The inaugural event takes place in Alexandria, Va. in November.
The action kicks off on Hayward Field in one year's time.
Governing body's boss reportedly earns around $500,000 per year, plus bonuses.
2012 Olympian betters 2000m steeplechase mark by over a second.
The 2012 Olympian was the runner-up at the USA Cross Country Championships.
Wanamaker Mile champ Bernard Lagat will be competing.
The Lithuanian citizen can represent the U.S. in triathlon, but not track and field.
There will be two hours of same-day coverage.
The American 800m champion thinks his sport is dying.
He recently fielded questions from the press about his breakthrough race.