**SPOILER** Michael Phelps remaining Olympic schedule

This is just in from WBAL-TV here in Baltimore: ATHENS, Greece -- Michael Phelps is done for the Olympics. Phelps announced he's finished competing in Athens after taking away five gold and two bronze medals from the 2004 Olympic Games. The Maryland swimmer said he will not swin the 4x100m medley relay, and will instead cede his spot to fellow U.S. swimmer Ian Crocker. "We came into this meet as a team and we're going to leave it as a team," Phelps said. "It's the right thing to do." Phelps made his announcement around 3:15 p.m. Baltimore time. Phelps told U.S. men's coach Eddie Reese that he wanted to give up his spot. Since Phelps swam in the preliminaries, he would still get a medal if the U.S. team reaches the podium in Saturday night's medley final. That's considered a formality. Any swimmer who is part of a top-three relay team -- whether it's the preliminaries or final -- receives a medal. Phelps is still likely to tie Soviet gymnast Aleksandr Dityatin's record of eight medals at the boycotted 1980 Moscow Games. Currently, he has two bronzes to go with his five golds. The Americans have never lost a medley relay at the Olympics and are an overwhelming favorite to win gold again.