Last Summer Olympics, Michael Phelps earned a record eight gold medals. This time around, the road ahead might be steeper. Phelps just barely qualified for the 400m individual medley final on Saturday after scoring the eighth fastest time in the heats –one rank lower, and he wouldn't have made it. Tonight's final will also feature Ryan Lochte, who has beaten Phelps in the past, and qualified today in third place. Due to his slower time, Phelps won't get to swim in an inside lane.