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Phelps

Offered $25k to

Blaze It Up

2/10/2009 2:05 AM PST BY TMZ STAFF

Michael Phelps might have a way to get back some of that serious endorsement cash he's losing from that bong smoking scandal -- and all he's gotta do is switch up his smoking device.

0209_phelps_cigar_photo2-1
Smokey McSpeedo's "extracurricular activities" have perked the interest of a Gurkha Cigars, who just offered Phelps a cool $25,000 to be their official "smokesperson."

In a letter to Phelps, Gurkha said, "We would like to provide you with the opportunity to do what you do best - smoke and swim. And while we can't help you with your swimming skills, we can definitely offer you the best of the best when it comes to the cigar world."

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