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Michael Phelps says 2017 will be big year in next plunge

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SAN JOSE, Calif. (AP) — Olympic medalist Michael Phelps has a second act in mind, one that might lead him to Silicon Valley. Although the athlete isn’t offering much in the way of specifics.

“I would love to get involved, whether it’s in a couple little startups here and there, take a little risk, have some fun and see where it goes,” Phelps said in an interview during a visit to San Jose.

Tech entrepreneurship would mark a big change for Phelps, whose business experience to date consists mostly of endorsement deals with Under Armour, Visa and Wheaties. These and other big brands have paid him an estimated $75 million during his career. In an advertising campaign that began last month, he became pitchman for the computer chipmaker Intel.

What else might the swimmer, who won 28 medals in five Olympics, do in the tech industry? Phelps wouldn’t say, beyond noting that he isn’t ready to start his own investment fund, like retired Los Angeles Lakers star Kobe Bryant did earlier this summer with entrepreneur Jeff Stibel. If Phelps has ideas for founding a startup of his own, he’s keeping them to himself.

Making the leap from pitchman to businessman is not easy, said David Carter, executive director of the University of Southern California’s Marshall Sports Business Institute. “Athletes come and go and many talk a big game, but they don’t follow through,” he said. Phelps “is really going to have commit to learning about business and demonstrate his seriousness about it.”

Celebrities have had mixed results in the tech startup arena, like anyone else.

Rapper and producer Dr. Dre was part of the founding team that sold Beats to Apple for $3 billion in 2014. The value of an investment fund co-founded by Ashton Kutcher has soared from $30 million, to $250 million since its 2010 inception.

Then there’s HJR Capital, started by former San Francisco 49er lineman Harris Barton. After enticing ex-teammates Joe Montana and Ronnie Lott to join him, the investment firm collapsed in 2009.

In September, former Boston Red Sox pitcher Curt Schilling settled a long running legal dispute with the state of Rhode Island. A $75 million deal brought Schilling’s 38 Studios to the state from Massachusetts. It failed spectacularly within two years.

Phelps is exploring other options. He’s already launched a line of swimwear and other clothing bearing his “MP” logo. Other products are in the pipeline for next year, though he won’t say what.

“I am getting my feet wet,” Phelps said with a grin. “2017 will be a big year.”

VIDEO: Boomer Phelps gets early swimming lessons

Caeleb Dressel, Chase Kalisz open post-Phelps era with world titles

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In a 20-minute span, the future of U.S. men’s swimming may have arrived in Budapest on Thursday.

Chase Kalisz, 23, and Caeleb Dressel, 20, each bagged his first major individual gold medal at the world championships. They headlined a three-gold day for Team USA, which was anchored by Katie Ledecky bouncing back from her first major defeat to lead the 4x200m free relay to gold.

Kalisz ensured the 200m individual medley crown stayed with the U.S., fulfilling years of promise and succeeding longtime training partner Michael Phelps and Ryan Lochte in the event.

Dressel, the youngest U.S. man to win an individual Olympic or world title since 2005, broke his American record in the 100m freestyle to prevail by a distant seven tenths of a second in 47.17. Nathan Adrian, the 2012 Olympic champion, made it the first one-two U.S. men’s finish in a global 100m free since the Seoul 1988 Games.

Kalisz won the 200m IM in 1:55.56, by .45 over Japan’s Kosuke Hagino and .72 over China’s Wang Shun, who took silver and bronze in Rio behind Phelps. Kalisz overtook Hagino on the third leg, breaststroke, with the fastest split in the field, and held on in the last 50 meters of freestyle.

Phelps and Lochte had combined to win every Olympic and world title in the 200m IM from 2003 through 2016. That’s four Olympics — all won by Phelps — and seven worlds — the first three titles taken by Phelps, the last four by Lochte.

“Those two are my idols,” Kalisz said. “No one’s ever going to replace those guys. Those guys are going to be what, hopefully, my kids are probably going to be talking about those two”

Phelps retired after the Rio Olympics. Lochte isn’t in Budapest due to his suspension following his Rio gas-station incident, but plans to make a run for Tokyo 2020 at age 35.

For now, U.S. men’s swimming is led by Kalisz, Dressel and Ryan Murphy, the 22-year-old who swept the backstrokes in Rio.

Kalisz and Dressel are only the third and fourth U.S. men other than Phelps or Lochte to win individual world titles since 2009 (Aaron PeirsolMatt Grevers).

“We’re still in a rebuilding phase,” said Kalisz, previously a world team member in 2013, 2015. “This has been probably the best world championships I’ve been to as far as the team being close.”

Kalisz, who took 400m IM silver at his first Olympics in Rio, may just be getting started.

He can go for double IM gold in the 400m, his trademark event, in Budapest on Sunday.

“When I had the opportunity to step into the 200m IM, it was an honor,” Kalisz said on NBCSN. “I like [the 200m IM] a lot more than the 400m IM. It doesn’t hurt as bad. If you were to tell me four months ago that would be my first world title [in the 200m IM rather than the 400m IM], I probably would have laughed in your face.”

Dressel nearly quit swimming three years ago as the No. 1 recruit in the nation. Then, under perhaps more pressure than any swimmer in Rio, swam a personal-best time in his very first Olympic splash leading off the 4x100m free relay team to gold.

Dressel has only improved after his junior year at the University of Florida. He qualified to swim in up to nine events in Budapest and is now up to three golds with a few more events left. He led off the 4x100m free relay on Sunday with an American record in the 100m free, then went even lower in Thursday’s final.

“Before the race, I was like, hey man, this is going to be the first of many, many finals that you’re going to be in,” said Adrian, who took bronze in Rio, where Dressel was sixth. “He’s going to be incredible in the years to come.”

In other events Thursday, Spain’s Mireia Belmonte followed her Olympic 200m butterfly gold with her first world title. She won by .13 over German Franziska Hentke, with Hungarian superstar Katinka Hosszu earning bronze.

Americans Simone Manuel and Mallory Comerford qualified second- and third-fastest into Friday’s 100m freestyle final. Swede Sarah Sjöström, who shattered the world record leading off the 4x100m free relay Sunday, leads the eight-woman final.

Lilly King and Yulia Efimova set up another breaststroke showdown, this time in the 200m distance. Efimova will be heavily favored, while King was the last qualifier into Friday’s final in a tougher distance for the 100m gold medalist and world-record holder.

Murphy was the No. 2 qualifier into Friday’s 200m back final, behind China’s Xu Jiayu, who beat Murphy in the 100m back earlier this week.

Americans Kevin Cordes and Nic Fink qualified for Friday’s 200m breast final, but the favorites are Olympic bronze medalist Anton Chupkov of Russia and world-record holder Ippei Watanabe of Japan.

Etiene Medeiros became the first Brazilian woman to win an Olympic or world swim title in the pool in the 50m backstroke. She prevailed by .01 over China’s Fu Yuanhui in the non-Olympic event.

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WORLDS: TV Schedule | Men’s Preview | Women’s Preview | Schedule/Results

Men’s 100m Freestyle Results
Gold: Caeleb Dressel (USA) — 47.17
Silver: Nathan Adrian (USA) — 47.87
Bronze: Mehdy Metella (FRA) — 47.89
4. Cameron McEvoy (AUS) — 47.91
5. Duncan Scott (GBR) — 48.11
5. Marcelo Chierighini (BRA) — 48.11
7. Jack Cartwright (AUS) — 48.24
8. Sergii Shevtsov (UKR) — 48.26

Men’s 200m Individual Medley Results
Gold: Chase Kalisz (USA) — 1:55.56
Silver: Kosuke Hagino (JPN) — 1:56.01
Bronze: Wang Shun (CHN) — 1:56.28
4. Max Litchfield (GBR) — 1:56.86
5. Daiya Seto (JPN) — 1:56.97
6. Qin Haiyang (CHN) — 1:57.06
7. Philip Heintz (GER) — 1:57.43
8. Jeremy Desplanches (SUI) — 1:57.50

Katie Ledecky bounces back, anchors U.S. relay to gold (video)

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Katie Ledecky rebounded from her first major defeat with a more typical result Thursday, gold while anchoring the U.S. 4x200m freestyle relay.

Leah SmithMallory ComerfordMelanie Margalis and Ledecky combined to win the world title in Budapest by 1.57 seconds over China. Australia earned bronze.

Ledecky dove in with a .13 lead over China and fell behind by .13 after 50 meters but opened up a body-length lead going into the last 50 meters.

Ledecky bagged her 13th career world gold (extending her female record) and fourth of this week. Her bid to match Missy Franklin‘s female record of six golds at a single worlds ended with a shocking silver in the individual 200m freestyle on Wednesday.

“I really just got rid of the negative energy,” Ledecky said on NBCSN. “I knew I had a big race for Team USA tonight. That made it easy to get focused.”

Ledecky had the fastest split time of the 32 swimmers by 1.44 seconds. She outsplit Australian Emma McKeon by 2.24 seconds after McKeon tied Ledecky for silver in the 200m free. Ledecky was .28 slower than her split in Rio, which is strong. In her other events this week, Ledecky was between one and two seconds slower than in Rio.

“I wanted to put up a better swim than last night, I don’t know if it was from frustration or just swimming for my team,” Ledecky told media in Budapest. “Knowing that I had this swim today, there’s no better event or swim to come off of last night than this one. It just felt really good warming up. It just felt a lot better than yesterday and just knew that I could lay it all out there.”

Ledecky has one event left at worlds, the 800m freestyle, with preliminary heats Friday and the final Saturday. The 800m free is Ledecky’s signature event, in which she owns the 13 fastest times in history.

Ledecky won her first Olympic title in the 800m free as a 15-year-old in London and went on to world titles in 2013 and 2015 and repeat gold in Rio last year.

Women’s 4x200m Freestyle Relay Results
Gold: U.S. — 7:43.39

Silver: China — 7:44.96
Bronze: Australia — 7:48.51
4. Russia — 7:48.59
5. Japan — 7:50.43
6. Hungary — 7:51.33
7. Netherlands — 7:54.29
8. Canada — 7:55.57

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WORLDS: TV Schedule | Men’s Preview | Women’s Preview | Schedule/Results