• Loading stock data...
Thursday, July 3, 2025

Sacramento Kings Have Big Plans for Bitcoin

  • The Kings have big plans to incorporate cryptocurrency in operations.
  • The organization has offered to pay everyone, including players, in Bitcoin.
Jerome Miron-USA TODAY Sports/Design: Alex Brooks

The Sacramento Kings want to further incorporate Bitcoin into their business practices, and they could be trendsetters in how they use it.

In 2014, the Kings became the first pro sports team to accept Bitcoin as payment at their arena. Now, the organization is making plans to provide salaries in the cryptocurrency. 

“I’m going to offer everyone in the Kings organization, they can get paid as much of their salary in Bitcoin as much as they want, including the players,” Vivek Ranadivé — the chairman, CEO, and governor of the Kings — said on Clubhouse, according to a tweet from Bitcoin personality Neil Jacobs.

However, NBA teams are currently prohibited from paying players in Bitcoin, or any method other than cash via live check or direct deposit, per the collective bargaining agreement between players and the league.

NFL offensive lineman Russell Okung recently became the first player from any major U.S. sports league to be “paid” in digital currency. Last season, half of his $13 million Carolina Panthers salary was converted to Bitcoin through Bitcoin payments startup Zap. 

As cryptocurrency continues to become a viable payment option, more teams and leagues are buying in. 

The Oakland Athletics sold a full-season suite for one Bitcoin — or around $60,000 — this year. The Dallas Mavericks have started to accept Dogecoin as payment for tickets and merchandise.

“Sometimes in business, you have to do things that are fun, engaging, and hopefully generate a lot of PR,” Mavericks owner Mark Cuban said about the decision.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest

“Hot dogs is not one of my favorite competitions of the year.”

The Battle Over Wimbledon’s Ambitious Expansion Plan

A classic NIMBY standoff on one of the most hallowed grounds in sports.
Seattle Rough & Tumble

Women’s Sports Bars Are on the Rise. Survival Isn’t Guaranteed

Some women’s sports bars are cashing in. Others are clawing for funding.

Featured Today

Shitposters Have Taken the Reins of Pro Sports’ Official Voices

Meet the social media pros turning sports teams into internet trolls.
Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena
June 26, 2025

Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness

No pro trophy tour compares to the NHL’s three-month global victory lap.
Mar 15, 2025; Fort Worth, TX, USA; UAB Blazers forward Yaxel Lendeborg (3) dribbles the ball upcourt against the North Texas Mean Green during the first half at Dickies Arena
June 22, 2025

NIL Is Shrinking the Pool of NBA Draft Entrants

Agents are now advising many players to stay in school.
Apr 24, 2025; Green Bay, WI, USA; Penn State Nittany Lions defensive end Abdul Carter on the red carpet before the 2025 NFL Draft at Lambeau Field
June 21, 2025

‘More Is More’: The Elite Luxury Jewelers Decking Out Athletes

Meet the elite group of luxury designers crafting the biggest statement pieces.

UFC’s Vegas Sphere Fight Should Set Records

The MMA fight has big aspirations and a budget to match.
August 13, 2024

Duael’s One-On-One Racing Brackets Are Yet Another Stab at Saving Track

Duael will debut in March 2025 with the inaugural Duael 100.
September 8, 2024

Guardian Caps Make NFL Debut

Multiple NFL players wore Guardian Caps over their helmets Sunday.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
August 11, 2024

Guardian Caps Have Arrived in the NFL—Ahead of Schedule

Colts star Jonathan Taylor strapped one on for Sunday’s preseason game.
August 5, 2024

How Omega Timing Determined Noah Lyles Won Olympic Gold

Omega touches every corner of the Olympics.
The Adidas ball has changed over the years.
July 25, 2023

The Most Advanced Tech at the Women’s World Cup Might Surprise You

This year’s OCEAUNZ introduces connected ball technology to the women’s game.
Sponsored

Rewriting the Sports Media Playbook

WSC’s highlight automation improved Clemson’s content strategy and overall growth.