mark spitz

Michael Phelps will put his $1 million bonus to good use, announcing plans to start a foundation promoting water safety and youth swimming.

Joe Gromek, president and CEO of Warnaco, Speedo's U.S. parent company, presented a check to Phelps on NBC's "Today" show Tuesday.

The company, which has sponsored Phelps since he was 16, promised him a $1 million bonus if he tied or broke Mark Spitz's record...

Michael Phelps has won a record 10th career Olympic gold medal, earning his fourth gold at the Beijing Games with a world record in the 200-meter butterfly.

The American touched in 1 minute, 52.03 seconds, lowering his old mark of 1:52.09 set at last year's world championships in Australia.

Phelps' win has broken a tie with Mark Spitz, Carl Lewis and two others for most Olympic golds in a career. He is 4-for-4 so far, setting world records in each of his events.

Michael Phelps has won a record 10th career Olympic gold medal, earning his fourth gold at the Beijing Games with a world record in the 200-meter butterfly.

The American touched in 1 minute, 52.03 seconds, lowering his old mark of 1:52.09 set at last year's world championships in Australia.

Phelps' win has broken a tie with Mark Spitz, Carl Lewis and two others for most Olympic golds in a career. He is 4-for-4 so far, setting world records in each of his events.

Michael Phelps has become the winningest Olympic athlete ever, earning his fourth gold medal of the Beijing Games with a world record in the 200-meter butterfly.

The American touched in 1 minute, 52.03 seconds, breaking his old mark of 1:52.09 set at last year's world championships in Australia.

It was Phelps' 10th career gold medal, breaking a tie with Mark Spitz, Carl Lewis and two others for...