How much money do you think Michael Phelps will be making in the 2008 olympics?

Question

how much money do you think he'll make in the 2008 olympics?

Answer 1

Well the U.S.A going to pay him $50,000 for each gold medal. Speedo just gave him a $1,000,000 bonus, plus other kick backs and bonus He should be good for $3.5 million from this years Olympics

Answer 2

Anyway I think he deserve them all

Answer 3

prolly alot..

and also

i think they will give him a bonus for all teh medals hes earned for the US .. srsly lol

Answer 4

Well, he gets $25,000 from the Olympic Committee just for competing - all athletes do. He also gets a $1 million bonus from nike (one of his sponsors) for winning 8 gold medals. Beyond that, I do not know.

Answer 5

a lot

Answer 6

it,s not about salary it,s all about reality challenge, honor ,and win  

Answer 7

Olympic athletes are not supposed to get "paid" ..they just get under the table benefits but he will get a lot of money from endorsements.  

Answer 8

Hello,

As always happens with the Olympic gold medal athletes their money making star shines for a year or two and then fades quickly.

Simply because they are not in the limelight enough. Lets face it America loves Football, Basketball and Baseball. Until Tiger Woods arrived on the scene most Americans could not name the top three PGA golfers and they still can't but, they know Tiger Woods name-- right?

In any case Michael Phelps currently has over 5 million dollars in endorsement and has been a millionaire since age 18. The current level of endorsement should yield him at least 5o million dollars.

So I guess he's ok! ;-)

I hope this helps. I listed my sources below. Some excellent web sites, by the way.

Frank Sherrill

http://www.bullyxtreme.net