michael phelps lost!Forget Favre’s latest retirement, or Vick’s reinstatement, or Lamar Odom, or Tim Tebow’s virginity or Roy Halladay – a buoyancy-enhancing, friction-reducing polyurethane swimsuit is the most controversial sports story right now! After Michael Phelps lost his first race since 2005 to a polyurethane-clad Paul Biedermann of Germany, here’s what Phelps’ coach had to say:

“The sport is in shambles right now. They better do something or they’re going to lose their guy who fills these seats.”

(Begin Steven Seagal voice) Is that a threat or a promise? (End Steven Seagal voice) Phelps, who won eight gold medals in Beijing last summer, conceded that Biedermann was in better shape, but also railed against the suit. “It’s not swimming. I’m looking forward to the day that we’re able to call our sport swimming again.”

Phelps beaten, record broken by Biedermann in 200-free (USA Today)