Will Michael Phelps retire and become a sportscaster?

Published On: Aug 02 2012 07:46:57 PM EDT   Updated On: Aug 02 2012 04:21:10 PM EDT

The star swimmer may be on your television long after the London Olympics go dark. Sources tell TMZ that there is a pending bidding war over the most decorated Olympian, who executives from the likes of ABC and NBC would love to see become a sportscaster.