Phelps Making the Rounds.

Michael Phelps is finally making  the rounds to talk about a certain sticky green situation that everyone is dying to hear him talk about.

Phelps interview will air Sunday night on Dateline, and he reportedly tells the tale of the party where it all went down, saying he was with a group of people whom he trusted, and led him to believe he could trus the people he did not know.

Still he says it wasn’t some big college party, just a small group.  “There was probably two or three people there I didn’t know,” he said. “It was a very small group. Six or seven people probably total in the whole house. Like nothing major. You know, not like a giant college house party. It was nothing like that. It was just a small group and we were just sitting around and celebrating.”

Phelps lost a sponsorship deal with Kellog’s over the incident, for which he aplogized and said will never happen again, but the Olympic gold medal record holder says It’s not about the money, he’s more disappointed in letting the sponsors down, than losing out on the deal money.

MP says “sometimes you learn the hard way.”