I'd venture to guess that you have not tried Founders Brewing's products from your state, or you wouldn't be picking on us drinkers!
I think Phelp's sponsors only signed contracts with him because they wanted the youth appeal. A guy who's in middle age like me is not much influenced by endorsements, anyway.
They're smart enough to know that if they dumped him over this, they would lose a lot of credibility with the younger folks they expect to attract by having signed Phelps in the first place.
“A guy who’s in middle age like me is not much influenced by endorsements, anyway.”
Not to mention, a speedo on a middle age guy is not a happy visual.