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Jacksonville Jaguars quarterback Trevor Lawrence has denied a viral report that acknowledged he misplaced $15 million on his authentic $24 million NFL signing bonus as a result of he accepted the cash completely in cryptocurrency:
Trevor Lawrence @Trevorlawrencee
Did y’all confuse my <a href=”https://twitter.com/FTX_Official?ref_src=twsrcpercent5Etfw”>@FTX_Official</a> signing bonus with my <a href=”https://twitter.com/NFL?ref_src=twsrcpercent5Etfw”>@NFL</a> one? Keep it up… <a href=”https://t.co/pd7FS198yr”>https://t.co/pd7FS198yr</a>
As Lawrence famous and Joe Pompliano of the Huddle Up publication beforehand acknowledged, the ex-Clemson star didn’t take his NFL signing bonus in crypto.
Quite, Lawrence accepted his endorsement take care of Blockfolio, a crypto app, in that foreign money. As well as, the bonus on that endorsement was far lower than $24 million.
Joe Pompliano @JoePompliano
That tweet is inaccurate — Trevor Lawrence signed an endorsement take care of a crypto app referred to as Blockfolio.<br><br>And he accepted his signing bonus (on the deal) solely in crypto….however everyone seems to be reporting it like he obtained his precise NFL signing bonus in crypto 😂
Joe Pompliano @JoePompliano
No — the take care of Blockfolio was in all probability low seven figures, and a small “signing bonus” was paid in crypto.<br><br>Individuals are getting confused as a result of they referred to as his preliminary cost a “signing bonus” & someplace alongside the way in which it appears folks thought that meant his NFL signing bonus.
The unique report stating that Lawrence misplaced properly into the eight figures claimed that he suffered a virtually unfavorable 63 p.c return on funding on his signing bonus.
Nonetheless, that doesn’t seem like the case.
Lawrence, who’s coming into his second NFL season, inked a four-year, $36.8 million rookie take care of the Jags in Could 2021.
