P. Diddy Says He'll Run Marathon Next Year For $10 Million

Sponsorship for this year's run has raised $2 million.

NEW YORK — Last week P. Diddy ran the city, and Thursday afternoon he ran to City Hall to deliver a $1 million check to Mayor Michael Bloomberg, making good on his promise to run the New York City Marathon to raise money for public schools.

No real money was exchanged because donations are still being collected, but the ceremony commemorated the $2 million total Diddy has raised through individual and corporate sponsorships for his marathon run (see "Diddy Ran The City, Finished New York Marathon In Four Hours"). The other $1 million he raised will be split between Children's Hope, which helps children with HIV/AIDS, and Daddy's House, Diddy's own charity that helps children and teens through social programs.

"This is just a drop in the bucket," the hip-hop mogul said, standing next to the mayor and public schools chancellor Joel Klein. "This is not a one-time thing. This is something that's a lifelong commitment for me. I love children, and I feel like they need more support. I feel the only way it's going to get better is by getting up and getting out there and doing something about it."

Diddy joked that he could move no faster than walking pace a week and a half after completing the marathon in just over four hours. While he said he wouldn't run the 26-mile trek again, minutes later he changed his tune, throwing down another challenge.

"I said I would not run again, but if there's any billionaires or private corporations that would like to see me hurt myself next year, my starting price for the kids of New York is $10 million. I will do it, and I will come in under 3:45 for that check," he said. "As long as the money goes to the kids."

Diddy said people can still donate to this year's campaign at www.diddyrunsthecity.com.