Having completed his Olympics gold rush, U.S. swimmer Michael Phelps is now poised to make another haul - this time of the endorsement variety.
Michael Phelps' performance in Beijing puts him in line to earn much in endorsements.
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.
"He may be at $30, $40, $50 million a year in endorsements after all this is said and done," said David Harrow of the National Sports Lawyers Association.
Filed under: 360° Radar
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