Michael Phelps has been suspended from USA Swimming-sanctioned competition for six months following his DUI arrest last week ... but it doesn't effect the Olympics ... so who really cares?
As part of the suspension, Phelps will not compete in the 2015 FINA World Championships ... which, last we checked, is not the Olympics.
Phelps will also forfeit his monthly stipend from USA Swimming, but seeing as Phelps makes around $10 million a year from endorsements ... we doubt it will effect him much.
As TMZ first reported, Phelps was arrested on September 30 for driving under the influence in Baltimore. He announced over the weekend he was checking into rehab.