Phelps signs endorsement deal with razor company

Posted at 10:29 AM, Sep 15, 2015
and last updated 2015-09-15 10:29:00-04

Swimming star Michael Phelps is signing on as an investor and spokesman for a Baltimore-area company that sells shaving products online.

Phelps' and Windsor Mill-based announced the deal Monday. Shaving products are important to swimmers since many shave their bodies to enhance speed.

It is the first new partnership for Phelps since he pleaded guilty to driving under the influence in Baltimore in December and received 18 months of probation. Agent Peter Carlisle says the swimmer is considering several business partnerships ahead of the 2016 Olympics.

Phelps' current endorsements include Under Armour and Omega.