OT: Michael Phelps bong rip

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Oct 25, 2006
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#21
ha^

It was being said he is worth 50 million dollars. If he can't make that last, he needs to take financial planning classes.
Seriously, if you're gonna let some weed fuck up your career, then you're a moron. I smoke on a daily basis, but I never smoke on the job and I never let my employers find out that I do. There's no point in telling the press to mind their own business, because they're narrow-minded and out for a story, that's it. Michael was smart about his decision, you can't just blow your career away because you feel that marijuana is less dangerous than alcohol or cigarettes, because sponsors don't see it that way.
 
Nov 10, 2006
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His endorsements would have ended anyway. Sorry but it's hard to find sympathy for one's career when that career made 50 million already. Poor Guy




Olympic hero Michael Phelps was suspended from competitive swimming for three months on Thursday -- just hours after one of his sponsors announced it would not renew his contract after a photo surfaced of him smoking from a bong.
USA Swimming, the nation's governing body for competitive swimming, said it was withdrawing financial support for Phelps and barring him from competition during the period of his "reprimand."

"This is not a situation where any anti-doping rule was violated, but we decided to send a strong message to Michael because he disappointed so many people, particularly the hundreds of thousands of USA Swimming-member kids who look up to him as a role model and a hero," they said in a statement.

"Michael has voluntarily accepted this reprimand and has committed to earn back our trust," the statement continued.

Earlier Thursday, Kellogg Co. said it will not renew Phelps' advertising contract.

"Michael's most recent behavior is not consistent with the image of Kellogg," company spokeswoman Susanne Norwitz said. "His contract expires at the end of February, and we have made a decision not to extend his contract."

Norwitz said Kellogg's relationship with Phelps began with the company's support of the U.S. Olympic team. Kellogg did not renew its sponsorship of the team when it expired in December, she said.
Don't Miss

* WBAL: Phelps: 'I can learn' from mistake
* Sheriff investigates whether Michael Phelps smoked pot
* Phelps apologizes

Phelps made no immediate comment on the action by Kellogg or the USA Swimming reprimand.

Phelps admitted "regrettable behavior" on Sunday after a British newspaper published the photograph. The tabloid News of the World showed Phelps using the bong during what it said was a November party at the University of South Carolina in Columbia.

The Richland County, South Carolina, sheriff's office said Tuesday it was investigating whether Phelps smoked marijuana on the school campus, adding it would file criminal charges if it determined he did.

Both university police and Columbia, South Carolina, police said they would not pursue charges, according to The State newspaper in Columbia. It was unclear where the party took place, the paper said, or whether it was on campus.

On Thursday, before the decisions by USA Swimming and Kellogg were announced, Phelps told CNN affiliate WBAL that the incident was a result of "bad judgment."

"I can learn from it and try to make my life better than it has been in the past," he told WBAL.

In a statement released Sunday, Phelps, who won a record eight gold medals at the 2008 Olympic Games in Beijing, China, said: "I engaged in behavior which was regrettable and demonstrated bad judgment."

"I'm 23 years old, and despite the successes I have had in the pool, I acted in a youthful and inappropriate way, not in a manner that people have come to expect from me," he said. "For this, I am sorry. I promise my fans and the public -- it will not happen again."

The U.S. Olympic Committee also issued a statement that said in part: "Michael has acknowledged that he made a mistake and apologized for his actions. We are confident that, going forward, Michael will consistently set the kind of example we all expect from a great Olympic champion."

In 2004, Phelps was arrested on charges of driving under the influence in Salisbury, Maryland. He pleaded guilty and was sentenced to 18 months probation. He also issued an apology after that incident.

Phelps is one of 12 Olympic athletes who pledged to "My Victory," an initiative launched last year by the U.S. Anti-Doping Agency aimed at keeping competitive sports clean.
 

Jride

Sicc OG
Dec 24, 2008
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LOS ANGELES, Calif. -- Michael Phelps will keep his Subway endorsement deal, the sandwich chain announced in a statement, according to Advertising Age.

"Like most Americans, and like Michael Phelps himself, we were disappointed in his behavior," the company said. "Also like most Americans, we accept his apology. Moving forward, he remains in our plans."

As previously reported on AccessHollywood.com, Kellogg's decided not to renew the Olympic champ's contract after a photo surfaced of Michael smoking from a bong. The swimmer has also been suspended from competition for three months by USA Swimming.

However, many of his sponsors, including Visa, Speedo, Omega and Human Performance Labs, have stood by Michael.

"By no means has this been easy," Michael told a cameraman on Thursday. "Bad judgment... and something I'll learn from."

Michael issued an apology for his "regrettable" behavior on Monday.
Thats fucked up that Kelloggs dropped him.. "Frosted flakes" is the best stoner cereal
 
Nov 10, 2006
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What the fuck dude... do you seriously think that gold medals come with cash on the side or something? You don't get paid to swim you fuckin' dumbass.

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There is much more money to earn in sponsorships, but there is this monetary compensation

All U.S. athletes can also earn a “medal bonus” from the U.S. Olympic committee for each medal won. The U.S. pays American medal winners $25,000 for gold, $15,000 for silver, and $10,000 for bronze medals. Some countries, though not all, pay athletes similar medal bonuses. The highest I found is Russia. This year Russia raised Olympic medal awards to $100,000 for gold, $60,000 for silver, and $40,000 for bronze.