Michael Phelps is rumored to be dating Stephanie Rice, but the rumor appears to be false. The picture above shows Eamon Sullivan being congratulated by his girlfriend Stephanie Rice at the swim trials on day 7 of the 2008 Olympics in Beijing. The rumor says:

Team Oz swimming insiders say the pair were very close at a party organized by swimming star Ian Thorpe on Monday night AND on Tuesday a shirtless Phelps supposedly got friendly with Rice at a Speedo promotion.

The rumor is false.

There’s another picture of Eamon and Stephanie below.

Here’s a pic of Stephanie as a naughty police officer. She would have been a better choice for Playboy than Amanda Beard.

Michael Phelps will appear on special edition cereal boxes this fall for both Kellogg’s Corn Flakes and Kellogg’s Frosted Flakes. They are expected to hit shelves across the U.S. in mid-September. Marta Cyhan, vice president of Kellogg’s global promotions said:

"Michael embodies the values behind our Frosted Flakes Earn Your Stripes program. He knows that winning is not just about the glory that comes with gold medals, but about good sportsmanship, working hard and being your best."

Pretty amazing for a kid that grew up with attention deficit disorder.

Amanda Beard denied dating Michael Phelps on the Johnjay and Rich radio show yesterday. Amanda made it sound like the idea of dating Phelps made her sick. She said, "Ewwww, gross, sick …" and "Come on, I have really good taste," a lot during the interview. Amanda thinks she’s a lot hotter than Phelps and could do a lot better. Maybe she didn’t hear the news he is worth $100 million, or maybe looks are more important to her than money or personality.

After Phelps fans blasted Beard, she apologized for saying he is gross:

"Everyone who knows me knows I can be a jokester, but I guess I took it too far. I never meant to say anything rude about Michael. I am 100-percent sorry for what I said. I take full responsibility for it."

It didn’t sound like she was joking to me.

Michael Phelps (22) will make an estimated $100 million, or more, during his lifetime due to his win of 8 gold medals during the 2008 Beijing Olympic games. Overall Phelps has won a total of 14 gold medals in his career. Phelps beat Mark Spitz (58) 1972 record of 7 gold medals won at an Olympic games.

With the fame comes curiosity about his personal life, and accusations of cheating. One advantage Phelps, and others had, was their special Speedo suit, which simulates dolphin skin, and helps the swimmer glide through water with little resistance.

Extra interviewed Phelps and told him Carrie Underwood has a crush on him. Phelps responded:

"That’s the first I’ve heard of that. That’s pretty cool."

Extra also asked if he was dating Amanda Beard (above), Phelps said:

"No, I’m not dating Amanda Beard. I’ll say that. I think she has a boyfriend."

He was then asked if he is single:

"Part of my life is kept to myself. I’m able to relax and be with my friends. Those pretty much are the only people who really know the answer to that question."

There are rumors that Phelps is dating Lily Donaldson.

Phelps was also asked about the big bucks he’ll be making in endorsements:

"It’s not about the money. I love what I do. The one thing I’m really looking forward to doing is raising the bar in the sport of swimming and promoting it to get new faces involved in the sport."

It’s about winning, being the best, and the money. With all that, Phelps can help young people get their start in swimming.

Being number one has it’s perks, like when Michael Phelps got to meet Vanessa Minnillo on MTV’s Total Request Live (below).

Phelps appears, as many Olympic gold medalists have, on the cover of Sports Illustrated, but he won’t be on the Wheaties box. Instead, Phelps will appear on Kellog’s Corn Flakes and Frosted Flakes boxes, which will come out in September.

Even Michael’s mom, Debbie Phelps, is now a celebrity. Johnson’s Baby has dubbed Debbie their Mom of the Olympic Games, and the company will donate money in her name to children’s causes. Debbie said Michael was diagnosed with ADHD when he was nine:

"He was non-stop, always going, always questioning," Debbie says. "When the teachers brought it to my attention about his lack of focus in the classroom, that’s when I got concerned."

"When he was nine, 10, 11 years old, he would sit at the pool for hours. That’s why when I was talking with his teachers, and they’d say, ’He can’t focus on anything,’ I’d say, ’Well yes he can! He can focus on the pool.’ He was able to focus on what he loved."

Thanks to the support of his mother, hard work, and determination, Michael Phelps is now an example to people all over the world.

Michael Phelps won his eight gold medal on Sunday, breaking Mark Spitz’s record.

Dara Torres, who is 41 years-old, and a five-time Olympian, is now the oldest American swimmer ever. Torres won two silver medals on the final day of swimming at the Water Cube, and lost a gold medal Sunday morning by one-hundredth of a second.

The 2008 Beijing Olympics was one of the most amazing and inspiring.

On June 24 David Beckham will attend the closing ceremony to mark the transition of the Olympics, which will help held 4 summers from now in London.