Sep 12, 2008 11:10 am US/Eastern
Phelps' Memorabilia Deal To Help Charities
NEW YORK (AP) ―
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Michael Phelps, a 14-time Olympic gold medalist, returns to the United States and partners with Visa to help introduce NYC children to swimming at the YMCA of Greater New York on Aug. 28, 2008, in New York City.
Chris Trotman/Getty Images
Michael Phelps' golden signature will help raise money for charity.
The Olympic swimming great has signed a one-year deal with Grandstand Sports & Memorabilia to sell his autographed photos, USA swim caps and Sports Illustrated magazine covers and other collectibles.
He says he wants to offer fans the opportunity to own keepsakes from the Beijing Games. He also wants to "give back to the community by supporting a large network of charities across the country."
Phelps recently started his own charity, committing a $1 million bonus he earned from Speedo for his record eight gold medals at the Beijing Olympics.
(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
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