Abstract: An exercise cycle includes a crankshaft, cranks mounted to the crankshaft, a drive mechanism including a ferromagnetic flywheel that rotates in response to rotation of the crankshaft, and a non-contact force adjustment mechanism with which a force required to rotate the flywheel can be adjusted, the force adjustment mechanism including a pivotable member to which magnets are mounted, wherein the magnets can be moved closer to the flywheel when the pivotable member is pivoted toward the flywheel to increase the force required to rotate the flywheel and can be moved farther away from the flywheel when the pivotable member is pivoted away from the flywheel to decrease the force required to rotate the flywheel.