When you win eight gold medals at one Olympics, you get to do a lot of neat stuff when you get home. SI covers, Corn Flakes boxes, Speedo deals and media demands.

Michael Phelps will do just that, as he will host the season premiere of "Saturday Night Live". The show kicks off its 34th season on September 13th with Lil' Wayne as the musical guest.

Of course, it is always dicey when an athlete hosts SNL. Some do really well (Peyton Manning) while others have come off bland (LeBron James). Some just stunk up the joint (Lance Armstrong).

Others have had iconic appearances. There was Michael Jordan hanging with Stuart Smalley ... Tom Brady in "Sexual Harassment and You" skit ... and Joe Montana as a chronic masturbator. Let's see what the writers can come up with for the great Olympian.

Michael Phelps is a bit of an unknown. Aside from the fact that he's a ridiculous swimmer, we don't too much about his personality. I guess we'll find out in a few weeks.

Duke coach Mike Krzyzewski had an amazing time as the head coach of the USA Men's Basketball team over the past three seasons. The commitment that he and the players made to the team paid off with a gold medal in the Olympics last week.

While it isn't expected that Coach K will stay on as the head coach of the team, he does want to stay involved with the team:

"It's a critical time to use the momentum we've gained over the past three years to make us even stronger in basketball," Krzyzewski said. He said that once the "gold dust" settles there will be movement on this topic.

When asked if he would coach the national team again, Krzyzewski said that it's too early for any decisions. He simply said: "I'll help in some capacity in consulting, in whatever they need to do.

"We won a gold medal, represented our country well, and the question is now where do we go from here and how do we get better?" Krzyzewski said. "How do we make this a much better program and make it fashionable [to play for the USA]. We want people to have an intense desire to play for their country out of high school, college and the NBA. I know the guys who did were ecstatic and a number want to do it again."

That last part is the key. Great, we finally showed the world that if we took the best talent and the time to get them on the same page, we are the best in the world. But was this a one-time deal or will the commitment continue to be there.

Usain Bolt set a new world record of 9.69 seconds in the 100-meter dash in Beijing. But he started celebrating his victory after about 80 meters, and had slowed considerably before he crossed the finish line.

So how much time did Bolt cost himself? His coach, Glen Mills, estimates that it was at least .17 seconds, which means Bolt could have run an other-worldly time of 9.52.

"If he had continued, the slowest he would have run would have been 9.52," Mills told reporters ahead of Friday's Weltklasse athletics meeting in Zurich, where Bolt is due to run the 100.

"This is his first year of running the 100 meters," Mills said. "In two more years he should be peaking at this distance and by then I am certain he will be down to there."

The very idea of a 9.52-second 100-meter dash is hard for me to wrap my head around -- I remember when people thought no one would ever match the steroid-fueled 9.79 that Ben Johnson ran in 1988 -- but I think Mills is right. And at age 21, Bolt will have many more opportunities to shave time off that record. I just hope he doesn't celebrate until the race is run.

Elie Seckbach, the Embedded Correspondent, brings his exclusive video reporting to FanHouse. Check back regularly for more videos.

WNBA star Lisa Leslie is one of the greatest American Olympians in history, winning four gold medals in four consecutive Olympics. In this video we catch up with Leslie and two of her Sparks teammates -- Candace Parker and Delisha Milton-Jones -- who teamed up with her on the USA basketball team. Find out which athlete most impressed Parker, and how President Bush supplied the players with some laughs. Also, around the 2:45 mark, find out how the Sparks plan on celebrating the Olympic achievement.


Youtube link.

If you're the kind of person who agrees with Mel Brooks' definition of comedy ("Tragedy is when I cut my finger. Comedy is when you walk into an open sewer and die"), you're likely to find this video of athletes who weren't quite good enough to make it to the Olympics amusing:

I think (hope) the bike race was staged, I cringed at the pole vaulter and I feel bad laughing at the rest. But that doesn't stop me from posting it.

Via Morning Jolt.

American gymnastics gold medalist Shawn Johnson is back from Beijing, but before returning home to Des Moines she made a stop in New York to visit with David Letterman:

Letterman asked Johnson about the vault, and Johnson told him about the first time she tried it.

"I was like three, and I just flew over the vault," Johnson said. "My coach caught me. He didn't want me to land on my head." Said Letterman, "They deduct points if you're unconscious."

But the more interesting portion of the interview came later, when Letterman asked Johnson about the allegations that China is using underage gymnasts in violation of Olympic rules.

All in all, Spain should be proud for taking a team of NBA All-Stars to the limit. There's no shame in losing to perhaps the most talented team to ever step foot on a basketball court ... right? That's not how Spain's starting center Felipe Reyes (pictured, getting demolished by Kobe Bryant) team sees it. From SportsYa.com (via HoopsHype)

"I think we deserved to win the gold medal because we did an incredible job. If it hadn't been for the officials, we'd have the gold instead of the silver," center Felipe Reyes said.

"If they had blown the whistle for the steps they take, the defense with the hands they use and had blown the whistle on everything, it's clear that we would have won. We got to within three points in spite of the referees, and if they'd been good, we would have won, pretty clearly," Reyes said.

"If the referees had followed FIBA rules, we would have won, but we are very satisfied with the silver," Reyes, who scored 10 points, said.

To be fair, Reyes does have a point: the referees were bad. That said, the only thing consistent about the refs was that they made questionable calls on both sides of the ball. Kobe Bryant and LeBron James were in foul trouble for much of the game, but the difference is that when Team USA had to sit someone, they had someone like Dwyane Wade or Deron Williams to take their spot. It was the Redeem Team's depth (and the short international three-point line) that won this game, not the refs.

As the Summer Olympics were passed off from 2008 host Beijing to 2012 host London, Mayor Boris Johnson gave a bizarre, rambling speech in which he said table tennis, the national sport of China, is really a British game:

"I say this respectfully to our Chinese hosts who have excelled magnificently at ping pong," Johnson began. "Ping pong was invented on the dining tables of England in the 19th Century. It was, and it was called whiff whaff."

Johnson wasn't done there.

Matthew Mitcham was the only openly gay man competing at the Beijing Olympics, and when he won a gold medal in platform diving he became a big part of NBC's Saturday night coverage.

But NBC, while telling us plenty about Mitcham, never got around to saying anything about his sexual orientation. Jim Buzinski of Outsports has a problem with that.

As the Windy City works on its 2016 Summer Olympics bid, some folks in Chicago were intimidated by the lavish displays that Beijing provided: Can Chicago make a presentation that will measure up to the standard set by Beijing?

According to the Chicago Tribune, Chicago's bid is looking good.