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American swimmer Michael Phelps won eight gold medals at the 2008 Summer Olympics. Phelps' remarkable accomplishments at the Beijing Games could lead to very lucrative endorsement deals with a variety of advertising sponsors. Reports say Phelps could be in line for endorsement deals of up to $50 million a year.CNN.com: Endorsements pure gold for Phelps
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Fast Facts
- Michael Phelps could reportedly receive endorsement deals of up to $50 million a year after his wins at the 2008 Summer OlympicsCNN.com: Endorsements pure gold for Phelps
- Prior to the 2008 Summer Olympics, Phelps had $5 million in endorsementsCNN.com: Endorsements pure gold for Phelps
- Companies who have already endorsed Phelps include Visa and SpeedoCNN.com: Endorsements pure gold for Phelps
- Phelps got a $1 million bonus from Speedo prior to the 2008 OlympicsCNN.com: Endorsements pure gold for Phelps
- Phelps planned appearances for Omega and Hilton Hotels during the remainder of his time in Beijing, ChinaThe Wall Street Journal: Now, Phelps Chases Gold on Land (August 18, 2008)
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Quotes
"Phelps will reap the biggest financial reward from water since Jaws."— Howard Freeman, president of Promo 1 marketing companyDaily News: After 8 gold medals in Beijing, huge sponsor deals likely..."If he's handled properly over the next four years, he should generate in excess of $40 million."—Marc Ganis, president of Sportscorp Ltd.Daily News: After 8 gold medals in Beijing, huge sponsor deals likely...
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Related Mahalo Pages
Michael Phelps | Michael Phelps Frosted Flakes | Michael Phelps Suspended | Michael Phelps Sports Illustrated | Michael Phelps Gold Medals | Michael Phelps World Records | Phelps Breaks Spitz Record | Phelps Photo Finish | Michael Phelps Wardrobe Malfunction | Swimming | Olympic Swimming | Summer Olympics 2008 | Summer Olympics | US Olympic Swimming 2008 | Olympics | Visa | Speedo | Hilton | Michael Phelps Book Deal
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The Mahalo Top 7
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The Wall Street Journal Video: WSJ Interviews Michael Phelps (Time: 3:52)
link.brightcove.com -
CNN.com: Endorsements pure gold for Phelps
cnn.com (August 18, 2008) -
The Huffington Post: Michael Phelps' Race To Turn Gold Into Cash...
huffingtonpost.com (August 18, 2008) -
The Wall Street Journal: Now, Phelps Chases Gold on Land
online.wsj.com (August 18, 2008) -
Daily News: After 8 gold medals in Beijing, huge sponsor deals likely...
nydailynews.com (August 18, 2008) -
Gawker: Michael Phelps, The $100 Million Man
gawker.com (August 18, 2008) -
Sporting News: Endorsement gold on the horizon for Phelps
sportingnews.com (August 18, 2008)
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The Wall Street Journal Video: WSJ Interviews Michael Phelps (Time: 3:52)
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Phelps Endorsements on Amazon | View All
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Dogtown and Z-Boys - $19.94
In the early 1970s, a group of young surfers from a tough neighborhood south of Santa Monica took up skateboards and offhandedly changed the world. At least it appears so after watching Dogtown and Z-Boys, a documentary about how twe...
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Dogtown and Z-Boys (Deluxe Edition) - $14.94
The Dogtown and Z-Boys skateboarding video chronicles the overnight impact of the Zephyr team on skateboarding in the early 1970's and the eventual collapse of the team later in the same decade. This video is directed and co-written by skat...
Amazon -
60 Minutes - Michael Phelps (November 30, 2008) - $17.95
Airdate 11/30/08 Michael Phelps swam into history at the Beijing Olympics, becoming the first person to win eight gold medals in a single Olympiad. Now, the 23-year-old is garnering even more gold in a marketing extravaganza certain to make...
Amazon
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Questions and Answers About Phelps Endorsements | View All | Ask a Question
View All Phelps Endorsements Questions (32) | Ask a QuestionWho actually took the picture of Phelps hitting the bong? (2 Answers)That infomation has not been released and may not due to the controversy it has caused. People who call Phelps a national hero may just as well call the photographer ... read moreAre Michael Phelps and Carrie Prejean together? Does anyone have photos confirming theyre dating? (1 Answer)Miss USA runner-up Carrie Prejean is set to make headlines with something other than her anti-gay marriage comments. Her grandmother Jeanette Coppolla confirmed to RadarOnline.com exclusively that the beauty queen ... read moreAre these South Carolina pot smokers victims of Michael Phelps fame? (5 Answers)Jay walking is a bigger problem (seriously, it's more dangerous) than a few kids who made a mistake but who ultimately just smoked pot at a party. This should be ... read moreIs Michael Phelps smoking marijuana a major issue professional or on a PR basis? More questions too. (3 Answers)It is a major issue because he is a hero for a lot of kids and it sets a bad example. Will it affect his career? I don't think it ... read more
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