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Joseph Schooling eyes Michael Phelps’ world record at world champs

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Shortly after Joseph Schooling upset Michael Phelps in the Rio Olympic 100m butterfly, the Singapore swimmer made his next goal quite clear.

Take Phelps’ 100m butterfly world record.

Schooling repeated that claim after returning to the University of Texas for his junior season in November and again following March’s NCAA Championships, where he was beaten by Caeleb Dressel in the 100-yard butterfly.

The goal is apparently an imminent one.

Schooling said he believes he can break Phelps’ record at the world championships in Budapest in July, according to Channel News Asia. It would require lowering his personal best by more than a half-second.

“I’m looking forward to that race, and deep down I think if I do what I know I can do, if I execute everything well perfectly, I’d have a really good shot,” Schooling said Thursday, according to the report.

Schooling, 21, hasn’t raced a 100m butterfly since the Olympics, where he clocked 50.39 seconds. That broke Phelps’ Olympic record of 50.58 set at the 2008 Olympics. It’s the fifth-fastest time ever.

All of the top four times, including Phelps’ world record of 49.82, were set in 2009 at the peak of the high-tech swimsuit era.

“My dad told me 50.39 is a world record in a textile suit, but I want the world record on paper,” Schooling reportedly said less than a week after his Olympic title in August. “My next goal is breaking 49.8.”

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NCAA might reconsider Olympic bonuses after swimmer received $750,000

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NCAA President Mark Emmert says the association might reconsider allowing college athletes who compete in the Olympics to accept payments for performance.

The NCAA rules allow athletes to accept money for training from the U.S. Olympic Committee or similar organizations in other countries along with national sports governing bodies.

Athletes can also keep bonuses given for winning medals. A gold medal was worth $25,000 for U.S. athletes in Rio. A silver paid $15,000 and a bronze $10,000. The NCAA has been OK with the USOC’s bonus program since 2001.

“The NCAA, at that time, the members passed a rule that said, ‘You know what? That’s fine. A kid wins a gold medal for his or her country, they can take $25,000,'” Emmert said Thursday. “‘They get to do it once in their academic career. It’s an extraordinary thing. We’ve got, like, five of those or 10 of those in any one year. Good for them.’”

In 2015, it allowed for athletes to accept similar bonuses from other countries. For some countries, the payments are much greater than America’s.

Swimmer Joseph Schooling, who attends the University of Texas and competes for Singapore, received more than $750,000 for winning gold over Michael Phelps in the 100m butterfly.

“To be perfectly honest, it’s causing everybody to go, ‘Oh, well, that’s not really what we were thinking about,'” Emmert said. “So, I don’t know where the members will go on that. I mean, that’s a little different than 15 grand for the silver medal for swimming for the U.S. of A. So, I think that’s going to stimulate a very interesting conversation.”

Emmert said during an interview with Aspen Institute that amount was far more than what NCAA membership had in mind.

“The question is whether that person is still an amateur,” Emmert said. “Because if they competed in South Africa and then [were] paid $750,000 to play ball in South Africa, they would be declared a professional athlete and not eligible for NCAA play. That’s the fundamental problem.”

The Associated Press contributed to this report.

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Schooling wins Singapore’s 1st swimming gold in 100 butterfly, Phelps 2nd

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At the age of 13 budding swimmer Joseph Schooling met Michael Phelps, who at the time was a role model of his. Eight years later the kid in that photo is now a gold medalist, as he ended Phelps’ Olympic gold medal streak in the 100 meter butterfly.

Schooling, who posted the best time of the semifinal heats as well, finished in 50.39 seconds in establishing a new Olympic record. Schooling’s gold medal is also Singapore’s first ever Olympic swimming medal, and it’s also the nation’s first Olympic gold medal in any sport.

WATCH: Phelps, le Clos and Cseh receive their silver medals

Phelps finished in a three-way tie for silver, with he, South Africa’s Chad le Clos and Hungary’s Laszlo Cseh all finishing in 51.14 seconds. Phelps’ career Olympic gold medal count may stay at 22 for the time being, but he now has 27 total Olympic medals to his credit. Fellow American Tom Shields finished seventh with a time of 51.73 seconds.