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Michael Phelps dives into last Olympic Games

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    Swimming superstar's last chance to become most decorated Olympian of all time

  • Duration 3:51
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Good play twelve Summer Olympics are all officially under -- in London and we're getting our first look at the opening ceremonies which organizers have kept so secret.

The spectacle of all things British wrapped up moments ago here you see several Mary Poppins dropping in the stadium.

There also was a huge Baltimore.

Villain from the Harry Potter series.

Along with a giant baby and a lot of nurses were told that was to honor Britain's national health service.

The Olympic Torch arrived in style on a speedboat racing down the river -- You might notice soccer star David Beckham on board.

Noticeably absent from those marching with teen USA superstar swimmer Michael Phelps we're told he's resting up for his first race early tomorrow.

Understandable considering he is just three wins away from becoming the most decorated Olympian of all time.

Phelps already has fourteen gold medals and two bronze he made history in the 2008 Beijing Games grabbing gold in all eight of his races.

But the push to perform even greater this time because it's his last chance Phelps has long said he'll hang up his trunks after the London games.

He talked about that with reporters.

I have had a lot of moments where you know whether I don't know if I'll say -- choked out you know kind of be more emotional because these are the last.

In a competitive moments that I will have my career so it you know it is it's it's big.

One teammate has criticized Phelps as a slacker who gets by on raw talent.

Phelps seems to be taking it in stride tweeting his fans today quote last -- ever and signing off with now let's have some fun this week.

Here's Gallagher is live with the news -- -- analysts expect a repeat of his Beijing performance.

Well -- -- -- -- in the life of the Olympic athlete four years is an awfully long time not just because they're getting older but the up and coming competition is also a lot younger.

And there had been reports and critics have said that Michael Phelps simply is not training as hard this time.

As he did four years ago but Michael Phelps says we all know is an amazing athlete and I will tell you.

That he looked awfully good.

At the Olympic trials plus you -- know he's still the best ever here's Michael Phelps followed by an analyst -- I've prepare myself the best way that I think that we can and then on the stuff about a block them on Saturday and -- -- -- it.

I don't think that there's any way that he could be as dominant as he was in 2008.

But I do think that he's gonna get.

-- the medal count that's gonna make him the most decorated Olympian of all time they might not.

All -- goals but they'll be medals.

By the way you mentioned John -- Michael Phelps says sixteen gold medals I know you wanna know low risk so Latin Nina former Soviet gymnast is the all time leader with.

-- -- So he says he's going to retire anybody believe that.

Well the last time he stopped swimming you know he kind of made some bad decisions let his guard down a little bit he -- some -- we all know -- got caught smoking pot and partying a lot.

Even things that Michael Phelps says that he certainly was not proud but if he can win those three more medals at these Olympics.

Then suddenly Michael Phelps will become a one man money making machine -- When Michael Phelps is introduce first speechwriter corporate event or in any sort of sponsorship deal to say the most decorated Olympian of all time -- certainly the most decorated US Olympian of all time but just to have that title and that -- That's something that could be untold millions of dollars to him just from a branding standpoint.

But as we've learned money is not the biggest -- better for the greatest athletes from Michael Jackson or Michael Jordan to.

Mohammad Ali they love competition so a lot of swimming analysts believe that Michael Phelps will in fact at some point.

Return again John.

Trace Gallagher live tonight -- Both swimmers --

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