Michael Phelps Speech or Presentation Example | Topics and Well Written Essays - 500 words

Michael Phelps - Speech or Presentation Example "Having completed his Olympics gold rush, U.S. swimmer Michael Phelps is now poised to make another haul -- this time of the endorsement variety. Phelps already is collecting about $5 million a year in endorsement checks from companies like Visa -- payments that came after he won six gold medals during the 2004 Olympic Games in Athens, Greece. His performance in Beijing, where he won a record eight gold medals, puts him in line to earn much more." (Endorsements pure gold for Phelps, 2008). According to David Harrow of the National Sports Lawyers Association, Michael Phelps may be at $30, $40, $50 million a year in endorsements and there are various other reports suggesting such huge amounts as his endorsements. It is also obvious that Phelps collected a million-dollar bonus from one his sponsors even before the Beijing Olympics. More than his gold medals, the world records that were broken by Phelps contributed to his fame considerably and he has already broken thirty-seven world rec ords in swimming.