Olympics

UFC president Dana White doesn't think a guy with a prosthetic limb can compete in UFC -- a la Olympic sprinter Oscar Pistorius -- but he does think it's time for his sport to become an Olympic one.

Last night outside Mr. Chow, White talked about whether or not an amputee could make it in the UFC ... since Nick Newell, who has no left hand, is undefeated in the XFC and South African sprinter Pistorius, a double amputee, competed in the Olympics.

White wasn't sure that could happen ... but he did make his case to make UFC an Olympic sport.

So we ask ...

The 2012 London Olympics is packed with people at the peak of their physical prime ... and lucky for you we've plucked out some of the very best man-bods for you to drool over in private.

Nancy Kerrigan is an American ice princess.

Here's the 24-year-old Olympic figure skater back when she won the silver medal in 1994 (left) -- and 18 years later, the 42-year-old at an event in Boston earlier this year (right).

She's gold.

The 2012 Summer Olympics are just about at the halfway point and there has been no shortage of storylines. From Michael Phelps' slow start to a cheating scandal in badminton, these Olympics have been getting HUGE television ratings ...and track and field hasn't even begun yet.

So after a week of action, we ask you ...

US Olympic swimming champion Ryan Lochte might have to parlay his newfound fame into a quick payday to help out the folks ... because TMZ has learned, his parents are allegedly buried in debt ... and could lose their home.

According to a lawsuit filed in Volusia County, FL ... CitiMortgage claims Steven and Ileane Lochte took out a mortgage loan for $258,000 back in 2007 and they were to pay $1,609.58/month.

But according to the bank, the Lochtes stopped making payments in February 2011 -- and now owe $242,239 (plus interest) on the home. The bank is suing to foreclose on the house in order to get its money back.

But there's a lot on the line -- according to the lawsuit, if the sale of the Lochtes' home doesn't satisfy the couple's entire debt ... the bank wants the Lochtes to pay the difference.

Mrs. Lochte filed a motion to dismiss the case last month, but a judge has yet to rule.

Attempts to reach the Lochtes were unsuccessful.

Team USA was actually TRAILING IN THE FOURTH QUARTER ... but LeBron James took over and led the Americans to a close 99-94 win over Lithuania.

James and Carmelo Anthony each had 20 points to lead the team. Lithuania's Linus Kleiza led all scorers with 25.

Team USA has won 13 gold medals and is the overwhelming favorite at this year's Olympics. Earlier this week, they beat Nigeria 156–73 ... an Olympic record for points scored in a game.

The patriotic pictures poured into the TMZ news room for our Team USA Olympic Fever Photo Contest, but only one is going home with the GOLD!

Be sure to check back on Monday to vote for which fanatic photo should make it to the top of the podium and win the $250 prize and some golden gifts from TMZ!

What do corn flakes, milk and Gabby Douglas have in common? They'll all be featured on Kelloggs cereal boxes this fall ... 'cause the Olympic champ just inked a major endorsement deal with the cereal company!

After sweeping the women's All-around gymnastics final and being the first African-American to win a gold medal in the category ... Gabby went on the "Today" show Friday and announced the major cereal deal.

The 16-year-old will be the face of Kelloggs Corn Flakes starting this fall, so every American can wake up feeling like a champ.

This is the first of many deals Gabby is likely to sign on to ... she made history with her gold medal and she's still young enough to compete in the 2016 Games in Rio de Janeiro, Brazil ... which could mean many more deals to come.

Fun Fact: Kelloggs also tapped Michael Phelps to be on their boxes back in 2008 after he killed in in Beijing.

Can you guess which Olympic athletes took it to the next level and branded their muscular bods with a tattoo of the iconic Olympic Rings?!

Condoleezza Rice is a big fan of U.S.gymnastics superstar Gabby Douglas ... telling TMZ she's "thrilled" for the 16-year-old's "momentous accomplishment as the first African-American" to win a gold medal at the Olympics in the all-around competition.

Rice says she's been following the ENTIRE U.S. Women's Gymnastics team at the 2012 Games ... telling us the girls have been "incredible" to watch.

"Proud of their team gold and thrilled for Gabby Douglas and her momentous accomplishment as the first African-American to win the individual all-around gymnastics title, " Rice says.

She adds, "These young women are full of grace and poise."

Swimming champ Ryan Lochte PEED IN THE POOL AT THE OLYMPICS -- seriously ... he just admitted to it on live radio.

Ryan was on the phone with Ryan Seacrest this morning, when Seacrest asked if swimmers ever pee in the pool -- Ryan replied, "Of course. We always do."

When asked if he ever peed during one of the races in London, Ryan said, "Not during the races, but I sure did before in warm-up."

Michael Phelps is the biggest badass on the planet when he's in the water -- but in real estate ... he's a total loser. Good thing he's got 20 Olympic medals to ease his pain.

Despite the fact she's suffering from pink eye, USA beach volleyball superstar Kerri Walsh hugged, kissed and rubbed her contagious face all over her partner Misty May-Treanor last night.

Despite the infection, Kerri and Misty DOMINATED Austria last night ... and are one step closer to securing the gold medal ... again.

Forget all that retirement talk, Michael Phelps will NOT be done with the Olympics after the London games ... that is if network honchos can lock him into a new job -- sports announcer.

TMZ's learned TV execs are drooling over the chance to get Phelps under contract once he wraps up the Games as the most decorated Olympian of all time.

One source, high up at NBC Sports, told us ... "The man is smoking hot right now" -- and they "would definitely hire Michael" to cover the Olympics in 2016, and other world sporting events between now and then.

Phelps is adamant London will be his swan song -- and he will retire as the most well known Olympian on the planet ... so, if he chooses to get in the broadcast game there will be a massive bidding war.

NBC holds Olympic broadcasting rights through 2020, so they'd seem to be in the driver's seat -- but a source at ABC told us, "If he would, we would gladly scoop him up to work for us."

As for his potential salary ... it's a simple formula:
MP x 19 (possibly 22) Olympic medals = GAZILLIONS.

Just because you aren't competing in the 2012 London Olympics doesn't mean you can't win BIG with a little help from TMZ's Team USA Olympic Fever Photo Contest!

Email in a red, white and blue photo for your chance at winning our golden prize of $250 American dollars and some super secret mystery gifts compliments of TMZ!

**CLICK HERE for contest rules and regulations!**

Not everyone hates NBC's controversial coverage of the 2012 Olympics ... in fact, the network just got HIGH PRAISE from its rival ... CBS President Les Moonves.

Les and his wife -- "Big Brother" host Julie Chen -- were on a double date at Madeo in Hollywood with mega-movie producer Brian Grazer and his GF Keli Lee ... an ABC casting executive.

But as the 4some left the restaurant ... Les made it clear, he's a big fan of the way NBC is handling the Summer Games ... despite criticism from fans who are upset the network isn't airing some of the competitions live.