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Phelps Signs With New Suit Company

BALTIMORE (AP) -- After partnering with Speedo through most of his swimming career, Michael Phelps has agreed to a new deal with Aqua Sphere.

The company is a newcomer to competitive swimming, but is already designing a racing suit that Phelps can begin wearing on Jan. 1. The deal is a huge coup for Aqua Sphere as it tries to gain a foothold alongside companies such as Arena, Speedo and Tyr.

Phelps and his coach, Bob Bowman, will be working with Aqua Sphere on a range of products beyond racing suits, hoping to lure more kids into swimming and reduce the number of drowning deaths. Phelps tells The Associated Press ``this is an exciting part of my career that I've never been able to experience before.''

The deal will officially be announced Tuesday.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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