GAME

There"s been a lot confusion regarding Trevor Lawrence"s rookie signing bonus and the possibility that the number. 1 overall selection in 2021 may have lost a staggering amount of money placing it in cryptocurrency, which , as we"ve seen has Mut 23 Coins experienced massive crashes in recent months.

This week there were numerous reports that Lawrence suffered a loss of nearly $15M as a result of his deal. We"re not lying, SB Nation is one of them. SB Nation we did as well . However, the truth is that Lawrence most likely didn"t loose his Madden NFL 23 cash. The confusion comes from the endorsement deal that pre-draft Lawrence had signed that included "Blockfolio," and the words used by the company when they inked Lawrence in April 2021.

When Lawrence was signed on to Blockfolio they announced the endorsement deal via the form of a press release. In the release they described the money they were paying Lawrence as an "signing bonus" most likely to be a approach to sound cool, by depositing the cash into one of their crypto wallets for the QB."This collaboration is the first time ever which a significant bonus for signing is paid completely in cryptocurrency. The bonus was put directly into the player"s Blockfolio account and included Bitcoin, Ethereum and Solana."

There"s nothing like"signing bonus" or "signing bonus" in relation to an endorsement contract. It"s simply the endorsement contract. When you sign the contract, you get paid money or, in Lawrence"s case, you get crypto. While using this sports term seems to be a common practice but it"s in this instance that things got a bit more complicated. Following the Buy Madden nfl 23 Coins press announcement, USA Today aggregated the announcement and that the confusion started.