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.


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."