Sunday December 3, 2023

Trevor Lawrence’s Crypto Bonus

  • Likely top NFL Draft pick Trevor Lawrence has signed a sponsorship deal with cryptocurrency company Blockfolio.
  • Lawrence received a signing bonus for the deal in Bitcoin, Ethereum, and Solana.
Blockfolio/Design: Alex Brooks
Copy Link
Link Copied
Link Copied

The likely No. 1 pick in Thursday’s 2021 NFL Draft has already made his first selection, agreeing to a sponsorship deal with crypto exchange Blockfolio.

Trevor Lawrence received a cryptocurrency signing bonus after inking the multiyear pact. The size of the bonus was not disclosed, but it was reportedly paid in Bitcoin, Ethereum, and Solana, and has gained value since being deposited on Friday.

Lawrence joins a growing list of athletes and teams embracing cryptocurrency.

  • Sean Culkin of the Kansas City Chiefs announced Monday that he’s converting his 2021 base entire NFL salary to Bitcoin.
  • The Dallas Mavericks and Sacramento Kings allow fans to pay for tickets with Bitcoin. The Mavs also accept Dogecoin and the Kings want to allow players and staff to be paid directly in Bitcoin, though this is currently prohibited by the NBA. 
  • The Oakland A’s allowed fans to purchase a stadium suite for the 2021 season for one Bitcoin and sold it.
  • Free agent NFL lineman Russell Okung converted a significant portion of his salary into Bitcoin (though he didn’t receive it directly as Bitcoin).

Blockfolio’s parent company, FTX, is bullish on sports fans: The company ponied up $135 million for a 19-year arena naming rights deal with the Miami Heat earlier this year. 

Bitcoin has dipped from its mid-April high of $64,000 to around $54,000, but it’s still up nearly sevenfold from its price one year ago.

Lawrence also has endorsement deals with Gatorade and, reportedly, adidas, who are presumably paying him cash.

Copy Link
Link Copied
Link Copied

What to Read

Former NFL player Tom Brady on the field before the game between the Dallas Cowboys and the Las Vegas Raiders at AT&T Stadium.

Athlete FTX Endorsers Face Uphill Battle After Bankman-Fried Conviction

Tom Brady and Shaquille O’Neal are among the celebrities being sued.
Nick Saban highest paid college football head coach.

Who Is Highest-Paid Coach in College Football?

Saban remains atop highest-paid head coaches getting over $11 million annually.

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.

How Daktronics Helps Elite Athletic Programs Secure Top Talent

How colleges are utilizing Daktronics' displays to elevate recruiting.
podcast thumbnail mobile
Front Office Sports Today

CFP Looking to Super Bowl for Media Rights Plan


Featured Today

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Brett Favre
November 27, 2023

Favre Welfare Case Hold-Up? "AG’s Office Has Not Expressed Interest In Pursuing"

The DOJ interviewed Brett Favre in early 2020.
The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple - USA Careers
Live Nation
Multiple - USA Careers
Saco Bay PT
Multiple - USA Careers

Ohtani's Future Deal Takes Center Stage As Winter Meetings Kick Off

The two-way phenom is expected to sign the largest-ever player contract in U.S. team sports.
November 30, 2023

Tracking Devices and Bags of Cash: A Soccer Scandal in Turkey

Former Atletico Madrid player Arda Turan is involved in the scandal.
Shaquille O'Neal
December 1, 2023

A.I. Shaq? Authentic Files Trademarks Hinting at Virtual Shaquille O’Neal

Shaquille O’Neal and licensing group claim “ASK SHAQ” and “SHAQ A.I.”

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
November 30, 2023

Ronaldo Sued For $1B In Latest Fallout From Athlete Crypto Deals

Soccer superstar latest to be hit in legal fallout from crypto decline.
Red Bull Racing driver Max Verstappen of The Netherlands celebrates his victory of the Las Vegas Grand Prix at Las Vegas Strip Circuit.
November 30, 2023

The 10 Highest-Paid Formula 1 Drivers For 2023

Red Bull Racing’s Max Verstappen tops the list with $70 million.
Inter Miami CF forward Lionel Messi smiles as he walks on the field against the New York Red Bulls during the second half at Red Bull Arena.
November 16, 2023

The Results of Messi Mania Are In

A million people per match tuned in for Messi and Inter Miami.
Rory McIlroy reacts to his putt on the third green during the third round of the TOUR Championship golf tournament at East Lake Golf Club.
November 15, 2023

Rory McIlroy Resigns From PGA Tour Policy Board

The 34-year-old served on the Board for two years.