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Under Armour inks Michael Phelps

Michael Phelps and Baltimore-based sports apparel maker Under Armour Inc. have reached a three-year deal, the first major sponsor the Olympic swimmer has signed since his image suffered last year.

Phelps, 24, was photographed last winter at a party holding a glass bong. The new deal will have Phelps wearing Under Armour gear outside the pool and he will also appear in television commercials through 2013.

Last week, the 14-time gold medalist announced the 2012 Olympic Games in London would be his last Olympic competition.

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