UFC Prez Dana White We Should Be in the Olympics!

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UFC president Dana White doesn't think a guy with a prosthetic limb can compete in UFC -- a la Olympic sprinter Oscar Pistorius -- but he does think it's time for his sport to become an Olympic one.

Last night outside Mr. Chow, White talked about whether or not an amputee could make it in the UFC ... since Nick Newell, who has no left hand, is undefeated in the XFC and South African sprinter Pistorius, a double amputee, competed in the Olympics.

White wasn't sure that could happen ... but he did make his case to make UFC an Olympic sport.

So we ask ...

Warren Sapp Bankruptcy Blowout Auction on Air Jordan Collection

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If you like shoes ... especially RARE Air Jordans (and you happen to be a Size 15) you're in luck, 'cause Warren Sapp's ENTIRE collection is up for auction ... as part of his bankruptcy case.

The collection is INSANE -- a total of 240 pairs of Jordans ... some worn, some untouched.

TMZ broke the story ... Sapp filed for Chapter 7 Bankruptcy earlier this year ... claiming he's racked up millions of dollars in debts since he retired from the NFL. Warren's expensive shoe habit probably didn't help the situation.

But now, Warren's loss is your gain ... because the entire collection is now up for auction ... with all proceeds going towards paying back Warren's creditors.

Olympian Nancy Kerrigan Good Genes or Good Docs?

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Nancy Kerrigan is an American ice princess.

Here's the 24-year-old Olympic figure skater back when she won the silver medal in 1994 (left) -- and 18 years later, the 42-year-old at an event in Boston earlier this year (right).

She's gold.

More Good Genes or Good Docs?


Montee Ball Investigation Madison Police Dept. CAUGHT IN A LIE

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The Madison Police Department straight up LIED to the media about its investigation into the Montee Ball attack ... and tried to throw TMZ under the bus ... but their plan has backfired ... big time.

TMZ broke the story ... the Madison Police Department HAD launched an investigation into tips that Ball and several of his UW football teammates beat up a man at a party on July 27 ... several days before Ball was attacked on campus. Cops told the media that the TMZ report was not true.

They lied.

After cops made their false statement, TMZ broke another story -- cops had interviewed the person who claimed he was brutally injured by Ball and others on July 27... and wanted to know if the alleged victim had ordered a retaliatory strike on Ball.

Today, cops released a NEW statement .... finally admitting what we had already told you -- that investigators were indeed looking into the July 27 event.

Cops have now said ... "Through information developed by detectives, [The Madison PD has] determined that there was a fight that occurred Friday night which involved UW students, members of the UW football team, and other individuals that were not affiliated with the University of Wisconsin's Athletics Department."

The statement continues, "We have also determined that Montee Ball was present at the location of that fight, but we have no information that leads us to believe that he had any involvement in that particular event."

We called the MPD for comment -- for some reason, they don't want to talk to us.

Olympics 2012 You Be the Judge

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The 2012 Summer Olympics are just about at the halfway point and there has been no shortage of storylines. From Michael Phelps' slow start to a cheating scandal in badminton, these Olympics have been getting HUGE television ratings ...and track and field hasn't even begun yet.

So after a week of action, we ask you ...

Ryan Lochte Parents Swimming in Debt, Facing Foreclosure

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US Olympic swimming champion Ryan Lochte might have to parlay his newfound fame into a quick payday to help out the folks ... because TMZ has learned, his parents are allegedly buried in debt ... and could lose their home.

According to a lawsuit filed in Volusia County, FL ... CitiMortgage claims Steven and Ileane Lochte took out a mortgage loan for $258,000 back in 2007 and they were to pay $1,609.58/month.

But according to the bank, the Lochtes stopped making payments in February 2011 -- and now owe $242,239 (plus interest) on the home. The bank is suing to foreclose on the house in order to get its money back.

But there's a lot on the line -- according to the lawsuit, if the sale of the Lochtes' home doesn't satisfy the couple's entire debt ... the bank wants the Lochtes to pay the difference.

Mrs. Lochte filed a motion to dismiss the case last month, but a judge has yet to rule.

Attempts to reach the Lochtes were unsuccessful.

USA Basketball Whew! That Was a Close One

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Team USA was actually TRAILING IN THE FOURTH QUARTER ... but LeBron James took over and led the Americans to a close 99-94 win over Lithuania.

James and Carmelo Anthony each had 20 points to lead the team. Lithuania's Linus Kleiza led all scorers with 25.

Team USA has won 13 gold medals and is the overwhelming favorite at this year's Olympics. Earlier this week, they beat Nigeria 156–73 ... an Olympic record for points scored in a game.

They next play on Monday night against Argentina.

Jason Kidd Sells Giant Dallas Condo PEACE OUT MAVS!!!

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Jason Kidd has officially severed his final ties with Dallas after the Mavericks traded him to the Knicks -- TMZ has learned, the NBA legend has sold his luxury condo in the Big D.

Kidd listed the 2,607 sq. ft. pad for $1,595,000 back in October, and it remained on the market until June 21st -- when it finally sold for $1,387,500.

Kidd signed with the Knicks last month.

According to official records, Kidd bought the condo in 2009 for $1,420,000 -- meaning he lost a little on his investment ... but nothing like Michael Phelps on his recent sale.

It's a pretty badass condo -- featuring a 4-car garage, 2 fireplaces, a pool on the building's rooftop, and a guarded entrance.

But Kidd's not just dumping his Dallas property, he's also getting rid of his giant house in Arizona -- listing his 6-bedroom, 9-bath, 13,523 sq. ft. Paradise Valley home for $5,995,000.

SOMEONE must be planning to buy a giant penthouse in NYC.

Gabby Douglas New Face of Corn Flakes!

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What do corn flakes, milk and Gabby Douglas have in common? They'll all be featured on Kelloggs cereal boxes this fall ... 'cause the Olympic champ just inked a major endorsement deal with the cereal company!

After sweeping the women's All-around gymnastics final and being the first African-American to win a gold medal in the category ... Gabby went on the "Today" show Friday and announced the major cereal deal.

The 16-year-old will be the face of Kelloggs Corn Flakes starting this fall, so every American can wake up feeling like a champ.

This is the first of many deals Gabby is likely to sign on to ... she made history with her gold medal and she's still young enough to compete in the 2016 Games in Rio de Janeiro, Brazil ... which could mean many more deals to come.

Fun Fact: Kelloggs also tapped Michael Phelps to be on their boxes back in 2008 after he killed in in Beijing.

Take that, Wheaties.

Montee Ball Cops Interview Alleged Victim in House Party Fight

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8/4/12 12:20 PM PT -- The Madison Police Department released a statement today saying they are indeed investigating the fight that took place on June 27 and they have determined that Ball was present, but are not certain if was involved in the actual fight. The statement also says, "The detectives have developed several persons of interests on the attack of Montee Ball, and are following up on subsequent leads."

Police in Madison, Wisconsin have interviewed a man who claims he was beat up by UW running back Montee Ball at a party last week ... and want to know if the alleged victim had anything to do with the attack on Ball on Wednesday morning.

Sources connected to the investigation tell us ... detectives visited the alleged victim at his job earlier today and questioned him to find out if Wednesday's campus attack on Ball was an act of retaliation.

Our sources tell us the alleged victim told police ... Ball, along with other members of the University of Wisconsin football team, beat him badly at a party at an apartment complex near campus on Friday July 27th.

We're told ... the alleged victim said he suffered multiple injuries in the attack ... including facial lacerations, bruising and a concussion. The alleged victim told investigators he was hospitalized for his injuries ... but never filed a police report.

According to our sources, the man adamantly denied having anything to do with Wednesday's attack on Ball.

We called the Madison PD to ask why they had previously informed the media that they were NOT investigating the July 27th incident ... but they refused to comment.

Montee had previously tweeted that he was not involved in any fight prior to the campus attack.

Floyd Mayweather Jail Didn't Ruin My Bod ... I'M RIPPED!!!

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Floyd Mayweather did not emerge from jail as a puny, shriveled up shell of an athlete ... as he so grimly predicted during his stint in the pokey -- in fact, the guy is pretty damn jacked.

Moments after he was sprung from the big house this morning, Mayweather posted a photo of his chiseled physique on his Facebook page.

Kinda shocking ... considering he begged the judge to release him from jail early because his stint behind bars was ruining his boxing career. In fact, Floyd complained his lack of exercise coupled with an "inappropriate diet" was taking a serious toll on his body.

Mayweather even griped that he was experiencing a noticeable "lack of muscle tone."

Yeah ... we should ALL look this pathetic and weak.

Condoleezza Rice: Gabby Douglas is an African-American Hero

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Condoleezza Rice is a big fan of U.S.gymnastics superstar Gabby Douglas ... telling TMZ she's "thrilled" for the 16-year-old's "momentous accomplishment as the first African-American" to win a gold medal at the Olympics in the all-around competition.

Rice says she's been following the ENTIRE U.S. Women's Gymnastics team at the 2012 Games ... telling us the girls have been "incredible" to watch.

"Proud of their team gold and thrilled for Gabby Douglas and her momentous accomplishment as the first African-American to win the individual all-around gymnastics title, " Rice says.

She adds, "These young women are full of grace and poise."

Go USA!

Ryan Lochte I PEED in the Olympic Pool

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Ryan Lochte -- I Peed in the Olympic Pool :: 0803-ryan-lochte-audio-number-6

Swimming champ Ryan Lochte PEED IN THE POOL AT THE OLYMPICS -- seriously ... he just admitted to it on live radio.

Ryan was on the phone with Ryan Seacrest this morning, when Seacrest asked if swimmers ever pee in the pool -- Ryan replied, "Of course. We always do."

When asked if he ever peed during one of the races in London, Ryan said, "Not during the races, but I sure did before in warm-up."

According to Lochte, "There's something about getting into chlorine water that you just automatically go."

Jerry Jones I Would NEVER Sell the Dallas Cowboys

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Jerry Jones is a Cowboy FOR LIFE ... cause the NFL owner tells TMZ he would NEVER sell the team ... even if he KNEW his departure would result in a Super Bowl win.

Jones was at Mr. Chow in Beverly Hills last night -- because, as usual, his team is holding their training camp in Southern California.

And with the Cleveland Browns franchise officially changing hands this week, we asked Jerry if he would give up his ownership of the Dallas Cowboys for the ultimate prize.

Of course, Jerry says no ... but ya gotta hear his explanation -- especially if you're a Cowboys fan.

Floyd Mayweather Jr. RELEASED from Jail

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Floyd Mayweather Jr. is officially a free man -- the boxing champ was all smiles when he was released early Friday morning from a Vegas jail, where he served roughly 2 months of his 3-month sentence for domestic violence.

Floyd was sentenced to jail in December over a 2010 incident, when he beat up his baby mama in front of their kids -- but the judge allowed Floyd to turn himself in on June 1st, so he could fight Miguel Cotto on May 5th (Floyd won).

A spokesperson for the LVPD said Mayweather was being released early for good behavior behind bars.

Floyd was originally sentenced to 6 months in jail after pleading guilty to misdemeanor domestic violence -- but 3 months of that sentence was suspended.

Floyd also pled no contest to 2 misdemeanor harassment charges -- after allegedly threatening to beat his kids too during the incident.

In addition to the jail time, Floyd was ordered to complete 100 hours of community service and a 12-month domestic violence program. So far, he's completed roughly half of both.

Floyd's boy 50 Cent was among the group of people who came to pick Floyd up from jail ... and can be seen riding shotgun when Floyd drives away (see video below).

Matt Barnes Cop Lurked for Two Hours BEFORE Arrest

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The police officer who arrested ex-LA Lakers star Matt Barnes waited in an alley for 2 hours ... waited for Barnes to exit a restaurant, and then charged the b-baller with felony resisting arrest -- even though Barnes never got physically violent ... law enforcement sources tell TMZ.

Barnes had a warrant out for his arrest for failing to appear on a ticket for driving on a suspended license. Sources say Barnes had gone to the DMV, gotten his license reinstated, and mistakenly believed he no longer had to go to court to clear the ticket.

Now here's where it gets strange. Our law enforcement sources say the arresting officer KNEW Barnes had an outstanding warrant as he watched the NBA forward and his baby mama park their car in a lot Monday night -- and walk a block-and-a-half to MB Post, a popular restaurant in Manhattan Beach, CA -- yet the cop did not approach the hoopster. Instead the officer waited in an alley near the car.

Witnesses say 15 minutes later, Barnes walked back to the vehicle in plain view of the cop. According to witnesses ... Barnes got something from the car and returned to the restaurant. Again, the officer watched but did nothing.

Nearly 2 hours later, Barnes and his chick left the restaurant and he signed autographs and posed for pictures as they walked to the car -- as they approached the vehicle the cop pounced and told Barnes he was under arrest, but didn't say why.

We're told Barnes already had one hand behind his back as he attempted to hand his gf the keys with his other hand so she could drive home. Sources say the cop grabbed the hand with the keys and the Lakers champ pulled away. The cop then immediately informed Barnes he would be charged with resisting arrest.

A police official for the dept. initially claimed the basis for the resisting arrest charge was a verbal threat allegedly made by Barnes, but we've learned the charge will be based on Barnes pulling his hand away.

Law enforcement sources say Barnes was NOT intoxicated at the time of his arrest.

It's unclear why the officer chose to wait 2 hours before busting Barnes.