Tuesday, August 19, 2008

Michael Phelps to earn $100 million


Los Angeles: Olympic medal record-holder Michael Phelps could earn $100 million through endorsement and sponsorship deals, his agent told the Wall Street Journal in an interview published on Monday.

Phelps, who won a historic eighth gold medal Sunday, currently earns an estimated $3 million to $5 million - a huge amount for an athlete in a niche sport that's only shown on mainstream US television during the Olympics.(read more Michael Phelps to earn $100 million.... )

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