E-mail Pitch: Phelps Signs Autograph Deal

This just came into my e-mail box from the folks at Grandstand Sports, a sports memorabilia company:

We have signed an EXCLUSIVE contract with Olympic hero Michael Phelps. He will be signing photos, SI covers, and swim caps.

Here are the details:

8x10 photos: $399 framed

16x20 photos: $499 framed

SI Covers: $499 framed

Swim caps: $499

Questions? Comments? SportsBiz@cnbc.com