After winning 8 Gold Medals in the 2008 Beijing Olympics, swimming machine Michael Phelps, and the rest of the U.S. men and women swim team, will receive free pizza and pasta for a year from Pizza Hut. That’s a lot of pizza and pasta for all of them but the investment for the sponsorship could very well payoff as Phelps has been a household name worldwide after winning 8 Golds in the Olympics. Aside from Pizza Hut, a lot of companies have contacted Phelps for a tie-up. Even before the Olympics, Phelps have been earning an annual income of $5 million from corporate endorsements from companies like AT&T, Visa, PowerBar, Omega and Speedo. Now that he has won 8 Gold Medals, breaking the 36-year old record set by Mark Spitz, many companies could now be far more interested in the swimming machine Michael Phelps. Speedo has already paid him a $1 million bonus for breaking Spitz’s record.
Swimmers don’t usually get that much attention and they are not even household names. Swimming is not something that you watch on primetime TV, you only get to watch this on sporting events such as the Olympics which only happens every 4 years. Phelp’s has change the way everybody looks at the game and he has raised the bar not just for swimmers but for every athletes.
Now there are even more rumors of Phelps and Spitz to appear in joint appearances and endorsement deals (and this is a biggie). For now, all that Michael Phelps has to do is to savor everything while it lasts. One thing is sure though, Michael Phelps is leaving Beijing as a sports icon.