7 NFL players that chose crypto over cash salaries

Crypto mining

For NFL followers, 2021 was an important 12 months. Stadiums returned to capability crowds after the 2020 season was shortened with restricted attendance. The stadium parking heaps had been stuffed once more with the thrill of tailgaters and their barbequed camaraderie.

It was additionally an important 12 months for Bitcoin (BTC) traders as the biggest cryptocurrency by market capitalization reached all-time excessive costs a number of instances all through 2021, ultimately topping out at $69,000 in early November. This resulted in a dramatic rise in media protection about Bitcoin.

Seven NFL gamers in 2021 determined to name the audible and start both being paid in crypto or having their money wage partially transformed to crypto. These gamers have capitalized upon the return to common season and the growing profitability of Bitcoin.

Aaron Rodgers

The reigning 2020 NFL MVP introduced by way of a Nov. 1 video submit on Twitter that he was partnering with Money App fee service to just accept a portion of his wage in Bitcoin. Rodgers will earn roughly $22.3 million this 12 months. The video confirmed Rodgers as John Wick at a Halloween social gathering. As if that weren’t sufficient, Rodgers informed viewers that he would donate $1,000,000 in BTC.

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In Rodgers’ case, he can have a portion of his wage despatched to his Money App account, which he’ll then use to purchase BTC. The Twitter profile of the Inexperienced Bay Packers’ star quarterback includes a photograph of him taking part in in a Inexperienced Bay Packers recreation with the long-lasting laser eyes. This additional alerts his assist for BTC.

Tom Brady

Tom Brady is one other very high-profile NFL star quarterback who dabbled closely in cryptocurrency in 2021. Brady has not but acknowledged that he’s being paid by the NFL in Bitcoin, however he’ll obtain crypto funds from FTX alternate after he bought an fairness stake in Sam Bankman Fried’s alternate. He can even function a model ambassador.

Brady is just not restricted to crypto belongings. In April, the legendary soccer star launched Autograph, a NFT platform that goals to draw prime expertise in sports activities and leisure.


Tom Brady moving into Crypto was a prime sign pic.twitter.com/hc6qxQou9o

— Tom Brady (@TomBrady) October 20, 2021

It would not finish right here for Brady and crypto. Late in October, Brady threw the 600th passing landing of his profession, marking an all-time excessive for the NFL, and serving to to safe Brady’s place because the all-time main landing passer within the league’s historical past. Brady paid 1 BTC for the fan who was first given the ball by the landing receiver.

That BTC was value about $62,000 on the time of the sport, however the ball itself could also be value over $500,000 in line with Goldin Auctions sports activities memorabilia public sale firm.

Odellbeckham Jr Odellbeckham Jr. (OBJ), adopted Aaron Rodgers’ lead by asserting late November that he had partnered up with Money App to obtain his wage in BTC from the NFL. His contract states that he’ll obtain roughly $4. 25 million from the NFL this season. The Los Angeles Rams’ extensive receiver mentioned that he would return $1 million in Bitcoin as a part of his new partnership to Money App. Beckham isn’t any stranger to crypto and NFT as his Twitter profile includes a Crypto Punk NFT.

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In case you have not observed, Jack Dorsey’s Money App is concerned with each OBJ’s and Aaron Rodgers’ BTC wage deal. The fee service app has had an important 2021 by means of the primary three quarters of the 12 months by raking in practically $10 billion in income from 36 million lively customers and 100 million downloads.

Trevor Lawrence

The Carolina Panthers’ new star quarterback joined the ranks of NFL superstars who’re publicly accepting crypto funds. Lawrence’s deal is just not with the NFL immediately. The 2021 NFL prime draft decide’s crypto wage comes from an endorsement take care of the crypto portfolio app FTX (previously Blockfolio).

— SBF (@SBF_FTX) April 30, 2021

Though the deal’s worth has not been disclosed, it’s potential that Lawrence has loved an appreciation of worth, notably from the Solana cash (SOL). The whole crypto market cap has elevated by about $500 billion since late April when the deal was introduced.

Saquon Barkley

Saquon Barkley, the celebrity working again from the New York Giants, revealed in July that he was changing all of his endorsement pay into BTC. Barkley, like many of the others on this listing is just not being paid immediately in crypto. As a substitute, he swaps a few of his money earnings to crypto.

Barkley makes use of Strike to buy his BTC. Nevertheless, he’s not the one NFL participant to make use of Strike for getting BTC together with his wage. Russel Okung, a former NFL offensive lineman, was the primary to publicly disclose that he was utilizing Strike for his NFL wage conversion to BTC.

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Barkley’s reasoning for making an attempt to amass wealth with BTC revolved across the lack of longevity amongst NFL athletes. He informed The Finest Enterprise Present host Anthony Pompliano on July 15:

“Whenever you see the KD’s, the Lebrons and Bradys of the world and also you need to create generational wealth, you may’t do this with the game that I play and the place that I play and coming off of accidents. You notice how a lot this recreation could possibly be taken from you if you’re absent for a 12 months. “

Sean Culkin

Kansas Metropolis Chiefs’ tight finish Sean Culkin went public together with his plans to transform his whole wage from the NFL into BTC. Whereas others on this listing dedicated to changing solely a portion of their wage into Bitcoin or being paid for endorsements with cryptos, Culkin is swapping 100% of his wage.

I absolutely consider Bitcoin is the way forward for finance and I needed to show that I’ve actual pores and skin within the recreation — not simply making an attempt to make a fast buck. I will probably be changing my whole 2021 NFL wage to #Bitcoin.

— Sean Culkin (@culkin22) April 26, 2021

Culkin’s resolution to show to crypto, like Saquon Barkley’s, has to do with the league’s brief half-life. Statista studies that the typical time spent by NFL athletes is 3.3 years. Culkin mentioned in an announcement:

“Contemplating my career–particularly its bodily calls for, and brevity-it makes essentially the most sense to be paid in sound cash that I consider protects its buying energy over time.”

Aaron Jones

Final however definitely not least on the listing of NFL stars incomes crypto is the Inexperienced Bay Packers’ Aaron Jones. Culkin, a working again, signed a deal to turn into an envoy for FTX in September. Jones purchased an fairness stake within the alternate, identical to Tom Brady.

Jones will combine the FTXPay platform into his charity’s web site with the intention to permit it to just accept cryptocurrency donations.

Acquired my first NFT Shout out to @MaisonDeGOAT thanks for welcoming me to the herd #GOATz

Excited to be aside of the neighborhood !!! pic.twitter.com/oLRquKjGRE

— Aaron Jones 33 (@Showtyme_33) December 9, 2021

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