Michael Phelps is out apologizing for smoking marijuana today, 2/2/09. This quick apology should not damage any of his muli millionaire sponsorships.
"I engaged in behavior which was regrettable and demonstrated bad judgment," Phelps said in a statement released by Octagon, his management firm, and posted on his Facebook site. "I'm 23 years old, and despite the successes I have had in the pool, I acted in a youthful and inappropriate way, not in a manner that people have come to expect from me. For this, I am sorry. I promise my fans and the public -- it will not happen again."
