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7 NFL players opt for cryptocurrency versus cash withdrawals

December 26, 2021 - Around 6 mins mins to read
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At least seven NFL professional athletes are now turning to crypto to improve their bottom line and ensure they will have ample fortune after their professional careers are over.

2021 will be a great year for NFL fans. The stadiums are returning to full capacity after shortening the 2020 season with limited attendance. The stadium parking lots were filled with the enthusiastic waiting of the tailors and their close friendship.

It was also a great year for Bitcoin (BTC) investors, as the largest cryptocurrency by market cap hit its all-time high several times over the course of 2021, eventually hitting $ 69,000 in early November. This led to a significant increase in media coverage of Bitcoin.

Seven NFL players in 2021 decided to name Sound and get paid in crypto or have their money partially converted to crypto. These players took advantage of the regular season profits and increased Bitcoin’s profitability.

Aaron Rodgers

The reigning NFL 2020 MVP announced via a video post on November 1 on Twitter that it was partnering with the payment service Cash App to accept part of its salary in Bitcoin. Rodgers will make about $ 22.3 million this year.

The video shows Rodgers dressed as John Wick for a Halloween party. If that’s not strange enough as might be intended, Rodgers also told viewers that he will donate $ 1 million in BTC.

7 NFL players chose crypto instead of cash 9

In Rodgers’ case, part of his salary will be deposited into his Cash App account, which he will then use to buy BTC.

Twitter profile for the Green Bay Packers star quarterback Functions, properties Pictures of him on the field during a game with the iconic laser eyes that continue to signal his support for BTC.

Brave cat

Tom Brady is another famous NFL star quarterback who was heavily involved in crypto in 2021. Brady has yet to say that he will be paid in BTC by the NFL but that he will be paid in crypto by Exchange FTX after receiving equity stake in Sam Bankman-Fried’s exchange and will act as a brand ambassador.

Brady is not committed to crypto assets, however. The iconic soccer star launched her own NFT platform called Autograph in April to attract top talent in sports, entertainment, fashion and pop culture.

For Brady and Crypto, however, it doesn’t end there. In late October, Brady made his 600th career touchdown, marking an all-time high for the NFL and helping Brady secure his spot as the best passer ever in league history. Brady paid 1 BTC to the original fan, who received the ball and completed the touchdown.

That BTC was worth around $ 62,000 at the time of the game, but the ball itself could be worth more than $ 500,000, according to sports memorabilia auction company Goldin Auctions.

Odell Beckham Jr.

Odell Beckham Jr. (OBJ) followed in Aaron Rodgers’ footsteps and announced in late November that he had partnered with Cash App to receive his NFL salary in BTC. His contract stipulates that he will receive roughly $ 4.25 million from the NFL this season.

The Los Angeles Rams wide receiver announces that it is returning $ 1 million in BTC as part of a new partnership with Cash App. Beckham seems to be no stranger to the crypto and NFT scene as his Twitter profile features a crypto-punk NFT.

7 NFL players choose cryptocurrency instead of cash withdrawals 11

In case you haven’t noticed, Jack Dorsey’s payout app is related to OBJ and Aaron Rodgers’s BTC salary contract. The payment services app had a great year 2021 in the first three quarters of the year, generating nearly $ 10 billion in revenue with 36 million active users and 100 million downloads.

Trevor Lawrence

The new star defender for the Carolina Panthers has joined the ranks of NFL superstars who openly accept crypto payments. Lawrence’s deal is not directly with the NFL, however. The NFL’s highest crypto content in 2021 comes from an endorsement deal with the crypto portfolio app FTX (formerly Blockfolio).

The value of his transaction has not been disclosed, but if Lawrence accumulates his crypto earnings, chances are he has already gained in value, particularly from Solana (SOL). Total crypto market cap has increased by around $ 500 billion since the end of April when the deal was announced.

Saquon Barkley

Saquon Barkley, the superstar running back from the New York Giants, announced in July that he was converting all of his ad payments into BTC. As with most of the others on this list, Barkley is not paid directly in crypto. Instead, he exchanges part of his cash earnings for crypto.

Barkley uses the payment app Strike to receive his BTC. However, he’s not the first NFL player to use Strike to buy BTC with his salary. Last year, former NFL offensive manager Russel Okung became the first player to publicly share that he was using Strike to convert his NFL salary into BTC.

7 NFL players chose crypto instead of cash 13

Barkley’s rationale for trying to amass wealth using BTC is based on the fact that NFL athletes do not have long lifespans. I said The best business program Host Anthony Pompliano on July 15th:

“If you want to see the KDs, Lebrons and Bradys of the world and create the wealth of the generation, you can’t do that with my sport and my position and freedom from injury. When you’ve been out of football for a year, you realize that this game can take something away from you. “

Sean culkin

Kansas City Chiefs’ Sean Culkin has announced his plan to convert all of his NFL salary into BTC. While others on this list pledge to convert only a portion of their wages into Bitcoin or get paid for confirmations in crypto, Culkin trades 100% of his salary.

As with Saquon Barkley, Culkin’s reason for switching to crypto has to do with the short half-life that is common among league players. According to Statista, most athletes spend an average of 3.3 years in the NFL. Culkin said in a statement:

“Given my career – especially its physical needs and brevity – it makes most sense to be paid with decent money that I believe will maintain its purchasing power over time.”

Aaron Jones

Last but not least, Aaron Jones of the Green Bay Packers is on the list of crypto-earning NFL stars. The Running Back signed a deal with FTX in September to become ambassador for the exchange, and as with Tom Brady’s deal, Jones bought a stake in the exchange.

Jones will also be integrating the FTX Pay platform with his own charity’s website so that it can accept crypto donations.

# Cryptocurrencies

#cryptocurrency

#NFL

crypto

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Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Bitcoin

7 NFL players opt for cryptocurrency versus cash withdrawals

image 215

At least seven NFL professional athletes are now turning to crypto to improve their bottom line and ensure they will have ample fortune after their professional careers are over.

2021 will be a great year for NFL fans. The stadiums are returning to full capacity after shortening the 2020 season with limited attendance. The stadium parking lots were filled with the enthusiastic waiting of the tailors and their close friendship.

It was also a great year for Bitcoin (BTC) investors, as the largest cryptocurrency by market cap hit its all-time high several times over the course of 2021, eventually hitting $ 69,000 in early November. This led to a significant increase in media coverage of Bitcoin.

Seven NFL players in 2021 decided to name Sound and get paid in crypto or have their money partially converted to crypto. These players took advantage of the regular season profits and increased Bitcoin’s profitability.

Aaron Rodgers

The reigning NFL 2020 MVP announced via a video post on November 1 on Twitter that it was partnering with the payment service Cash App to accept part of its salary in Bitcoin. Rodgers will make about $ 22.3 million this year.

The video shows Rodgers dressed as John Wick for a Halloween party. If that’s not strange enough as might be intended, Rodgers also told viewers that he will donate $ 1 million in BTC.

7 NFL players chose crypto instead of cash 9

In Rodgers’ case, part of his salary will be deposited into his Cash App account, which he will then use to buy BTC.

Twitter profile for the Green Bay Packers star quarterback Functions, properties Pictures of him on the field during a game with the iconic laser eyes that continue to signal his support for BTC.

Brave cat

Tom Brady is another famous NFL star quarterback who was heavily involved in crypto in 2021. Brady has yet to say that he will be paid in BTC by the NFL but that he will be paid in crypto by Exchange FTX after receiving equity stake in Sam Bankman-Fried’s exchange and will act as a brand ambassador.

Brady is not committed to crypto assets, however. The iconic soccer star launched her own NFT platform called Autograph in April to attract top talent in sports, entertainment, fashion and pop culture.

For Brady and Crypto, however, it doesn’t end there. In late October, Brady made his 600th career touchdown, marking an all-time high for the NFL and helping Brady secure his spot as the best passer ever in league history. Brady paid 1 BTC to the original fan, who received the ball and completed the touchdown.

That BTC was worth around $ 62,000 at the time of the game, but the ball itself could be worth more than $ 500,000, according to sports memorabilia auction company Goldin Auctions.

Odell Beckham Jr.

Odell Beckham Jr. (OBJ) followed in Aaron Rodgers’ footsteps and announced in late November that he had partnered with Cash App to receive his NFL salary in BTC. His contract stipulates that he will receive roughly $ 4.25 million from the NFL this season.

The Los Angeles Rams wide receiver announces that it is returning $ 1 million in BTC as part of a new partnership with Cash App. Beckham seems to be no stranger to the crypto and NFT scene as his Twitter profile features a crypto-punk NFT.

7 NFL players choose cryptocurrency instead of cash withdrawals 11

In case you haven’t noticed, Jack Dorsey’s payout app is related to OBJ and Aaron Rodgers’s BTC salary contract. The payment services app had a great year 2021 in the first three quarters of the year, generating nearly $ 10 billion in revenue with 36 million active users and 100 million downloads.

Trevor Lawrence

The new star defender for the Carolina Panthers has joined the ranks of NFL superstars who openly accept crypto payments. Lawrence’s deal is not directly with the NFL, however. The NFL’s highest crypto content in 2021 comes from an endorsement deal with the crypto portfolio app FTX (formerly Blockfolio).

The value of his transaction has not been disclosed, but if Lawrence accumulates his crypto earnings, chances are he has already gained in value, particularly from Solana (SOL). Total crypto market cap has increased by around $ 500 billion since the end of April when the deal was announced.

Saquon Barkley

Saquon Barkley, the superstar running back from the New York Giants, announced in July that he was converting all of his ad payments into BTC. As with most of the others on this list, Barkley is not paid directly in crypto. Instead, he exchanges part of his cash earnings for crypto.

Barkley uses the payment app Strike to receive his BTC. However, he’s not the first NFL player to use Strike to buy BTC with his salary. Last year, former NFL offensive manager Russel Okung became the first player to publicly share that he was using Strike to convert his NFL salary into BTC.

7 NFL players chose crypto instead of cash 13

Barkley’s rationale for trying to amass wealth using BTC is based on the fact that NFL athletes do not have long lifespans. I said The best business program Host Anthony Pompliano on July 15th:

“If you want to see the KDs, Lebrons and Bradys of the world and create the wealth of the generation, you can’t do that with my sport and my position and freedom from injury. When you’ve been out of football for a year, you realize that this game can take something away from you. “

Sean culkin

Kansas City Chiefs’ Sean Culkin has announced his plan to convert all of his NFL salary into BTC. While others on this list pledge to convert only a portion of their wages into Bitcoin or get paid for confirmations in crypto, Culkin trades 100% of his salary.

As with Saquon Barkley, Culkin’s reason for switching to crypto has to do with the short half-life that is common among league players. According to Statista, most athletes spend an average of 3.3 years in the NFL. Culkin said in a statement:

“Given my career – especially its physical needs and brevity – it makes most sense to be paid with decent money that I believe will maintain its purchasing power over time.”

Aaron Jones

Last but not least, Aaron Jones of the Green Bay Packers is on the list of crypto-earning NFL stars. The Running Back signed a deal with FTX in September to become ambassador for the exchange, and as with Tom Brady’s deal, Jones bought a stake in the exchange.

Jones will also be integrating the FTX Pay platform with his own charity’s website so that it can accept crypto donations.

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