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Bob Costas: Michael Phelps is ‘right guy’ to be US flag bearer

02:51

NBC sportscaster Bob Costas says Michael Phelps probably merited being the U.S. flag bearer “a couple of Olympics ago,” but says the most-decorated Olympian will appreciate it more now. He also tells TODAY’s Matt Lauer that he thinks Russia is “thumbing their noses” at the International Olympic Committee in the wake of the IOC’s ruling regarding the Russia doping scandal. (Run time: 2:51)