Phelps had been scheduled to swim in two events Saturday, but chose to drop out of the 500 freestyle to concentrate on the 200IM after swimming a 1:43.99 in his qualifying heat.
Olympic gold medalist Ryan Lochte set the U.S. record of 1:40.08 in the 2007 Short Course Nationals, with Phelps finishing second in 1:41.32.
Lochte won gold medals in the 200 backstroke and as a member of a...
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