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And here's an op/ed piece on it (again, free registration required)

The most gallant athlete at these Games so far is one who, were he a different sort of person, might consider himself disappointed. Phelps lost his bid for a record eight gold medals early in the Games when he was part of a relay team that got upset in the 4x100 freestyle relay and finished third. He did not brood or sulk or blame his teammates. Rather, he has gone on to win five gold medals. Friday night after winning the gold in the 100 butterfly, earning a spot in the 4x100 medley relay, Phelps yielded that spot to Crocker, so that Crocker can have a shot at a gold medal.
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