Giants QB Eli Manning is on Twitter, most likely talking about his giant new contract extension.

Snowboarder Shaun White and skateboarder Mike Vallely have been known to tweet from time to time.

One of the most famous athletes on Twitter has to be Shaquille O’Neal. He loves to have fun on the micro-blogging site, calling out other athletes and challenging the likes of David Beckham to duels.

Want to follow a golfer? How about Natalie Gulbis? She is certainly worth checking out.

Michael Phelps is on there, probably twittering from the deep end.

Bicyclist Lance Armstrong will have a lot more time for tweets now that the Tour de France is over. Seems fitting that someone who is used to being in front of the pack has thousands of followers online.

Place your bets in the Bodog Sportsbook!

Phelps earned his fifth gold medal of a world championships that showed he's still got plenty of motivation, even after winning a record eight times at the Beijing Olympics.

Also Sunday, Ryan Lochte won his fourth gold medal of the championships and Germany's Britta Steffen matched her 50-100 freestyle sweep in Beijing.

No such glory for 42-year-old Dara Torres. The senior citizen of the pool finished last in her only individual final at the Foro Italico.

A pair of world records fell in non-Olympic events.

Liam Tancock broke his own world record to win the 50 backstroke and Russia's Yuliya Efimova set a world record while edging American Rebecca Soni in the 50 breaststroke.

You can bet on Michael Phelps' accomplishments in the Bodog Sportsbook!

Now Kelloggs, one of Phelps' most lucrative sponsors, who recently dumped the eight-time Beijing Olympic gold medalist saying, is donating all their cereals with Phelps image on them to the San Francisco Food Bank. And – they are being loud about their distaste for their former spokesman – in a bid to perhaps bring  more publicity to their product.

However, advocates for the legalization of marijuana are speaking out against Kelloggs. The leader of one of the biggest legalize-pot organizations, the Marijuana Policy Project, said, "Kellogg's had no problem signing up Phelps when he had a conviction for drunk driving, an illegal act that could actually have killed someone," said Rob Kampia, the group's executive director. "To drop him for choosing to relax with a substance that's safer than beer is an outrage, and it sends a dangerous message to young people."

Moreover, with real estate in the toilet and the economy floundering, California lawmakers have been toying with the idea of legalizing marijuana and taxing it. So basically they're saying drugs are bad unless the economy tanks.

Page Six reports, "A spy tells us the human dolphin recently had the windows of his Baltimore house tinted to prevent paparazzi from snapping shots of him at home. According to our source, Phelps has also been 'hiding out at strip clubs,' since they're the only places he can party with no pictures being taken."

So if you want to catch a glimpse of an all-American Olympic champ, head over to the nearest Captain Creams.

However, word came down today that authorities will not charge Phelps for smoking bud.

Of the decision, Phelps said, I'm glad this matter is put to rest. But there are also some important lessons that I've learned. For me, it's all about recognizing that I used bad judgment, and it's a mistake I won't make again. For young people especially, be careful about the decisions you make.

"One bad decision can really hurt you and the people you care about. I really appreciate the support my family and fans have shown me and now, I will move forward and dive back into the pool, having put this whole thing behind me."

The photo was taken at a party in November when Phelps visited the University of South Carolina to visit a girl he was dating.

And it seems like everyone involved in this fiasco has similar IQs. For example, the kid who owns the bong then tried to sell it for $100K on Ebay. And now, the Richland County Sheriff's Department in Columbia, South Carolina (where the party took place), has arrested eight of the party-goers including the owner of the bong. The offender who got off was none other than America's Golden Boy, Michael Phelps.

When Governor Mark Sanford was asked whether Phelps should be prosecuted, he said, "I don't see what it gets at this point."

Subway says "Like most Americans, and like Michael Phelps himself, we were disappointed in his behavior. Also like most Americans, we accept his apology. Moving forward, he remains in our plans."

This is good news for Phelps, who suffered a huge financial blow when he was recently dropped by Kelloggs. Oh, and if you've been living under a rock and have no idea what this blog is talking about – radical photos of the Olympic swimmer hitting the bong hit the Internets last week, courtesy of British tabloid News of the World. Everybody is disappointed in America's Golden boy. Well, everyone except this guy.

This is a dark day for Jared Fogle everyone. He was probably salivating when he saw the Phelps bong pics.

However, what Phelps failed to realize when he was at a party with strangers who were all taking photos as he held a bong to his lips – is that when you're America's golden boy, you gotta keep it clean. Now Kelloggs, one of Phelps' most lucrative sponsors, announced it was not renewing a contract with the eight-time Beijing Olympic gold medalist saying on Thursday, "We originally built the relationship with Michael, as well as the other Olympic athletes, to support our association with the U.S. Olympic team.”

A rep for the company went on to say that the swimmer’s recent behavior is “not consistent with the image of Kellogg.”

To make matters worse for Phelps, USA Swimming suspended him from competitions for three months.

“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,” the federation said in a statement.
“Michael has voluntarily accepted this reprimand and has committed to earn back our trust.”

What do you think? Too harsh or not harsh enough?

News of the World has obtained a photo of Phelps hitting the bong at a party. Bye bye multi-million-dollar endorsement deals! Moreover, four-year drug-taking bans are in place that could put an end to Phelps' 2012 goal to compete at the Olympic games in London. News of the World also reports that when Phelps' PR team got wind of the bong photo, they offered the tabloid "a raft of extraordinary incentives not to run the bong picture."

The picture was taken on November 6, just weeks after his eight-medal win in Beijing. Phelps was visiting a girl he was dating at the University Of South Carolina. Phelps showed up at a house party, shocking the party-goers.

“He didn’t know many people so you’d think he’d be a little shy. But he was loud, obnoxious and slamming beers from the get-go," a source told the tabloid.

There are also reports that Phelps spent the weekend partying rather than hanging out with the girl, Jordan Matthews, he was there to visit.

"At one point someone asked him if he wanted to smoke some weed. Michael didn’t hesitate and headed to a small back room, where he was immediately handed a big red bong," claims a source.

Things keep getting better for the golden boy, who recently tried his hand at poker and ended up cashing at the Caesars Poker Classic. And now, word on the street (via the Las Vegas Review-Journal) is that Phelps been seen all over Vegas with none other than Holly Madison, Hugh Hefner's not-so-sloppy seconds.

Anyone want to wipe that grin off Phelps' face? Get in line, homies, Get in line.