UPDATE: Mike Phelps Suspended from USA Swimming

via CNN

(CNN) — 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.phelps_02_0102_25520a1

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. Continue reading

Kellogg to drop Mike Phelps

Damn, I guess its fair to say they ain’t no fans of Jordan Tower’s Smoke-a-thon?

via ABC News                                                                mphelps_cereal_082008_kelloggs

PORTLAND, Ore. (AP) — Kellogg Co. said Thursday that it will drop its endorsement deal with Olympic swimmer Michael Phelps following his acknowledgment he inhaled from a marijuana pipe.

The 23-year-old swimming star has apologized for his “regrettable” behavior and “bad judgment” after a photo appeared Sunday in the British tabloid News of the World that showed Phelps inhaling from a marijuana pipe.

Most of his major sponsors, such as Visa Inc., Speedo, luxury Swiss watchmaker Omega and sports beverage PureSport’s maker Human Performance Labs, stood by the athlete following the news, even if they didn’t condone his behavior. Continue reading