There's nothing like"signing bonuses" or "signing bonus" in relation to an endorsement deal. The endorsement contract is all that's needed. You sign the deal, you get paid money -- or buy mut 24 coins in the case of Lawrence, you get crypto.
While the use of this term in sports seems to be a common practice but it's in this instance that things got interesting. In the wake of the Blockfolio press release, USA Today aggregated the news and it's here the confusion began.
The story that was published by Madden NFL 24 added the word "signing bonus" that was mentioned within the Blockfolio press release.
They also blended it with Lawrence's actual Madden NFL 24 sign-on bonus from the Jaguars in reporting it as $24.1M and relying on Spotrac as an source."The most likely number. one overall selection at the time of 2021's Madden NFL 24 draft, most likely headed to The Jacksonville Jaguars, has partnered with a leading cryptocurrency investment app called Blockfolio and is expected to deposit his winnings into an account of the company."
"According to Spotrac the sign-on bonus the No. 1 selection is $22.630.055." Now we have an endorsement agreement with Blockfolio which seems to be relatively small in the scheme of things it was paid in crypto.
And recently, it's been tied to Lawrence's huge Madden NFL 24 signing bonus from the league. It's also been reported that the bonus was paid in cryptocurrency. This could be Madden 24 coins a mistake that was made in good faith, or an attempt at making a story more sexually appealing, we're still in the same place: an endorsement agreement with a crypto firm was paid in crypto, and nothing more.
While the use of this term in sports seems to be a common practice but it's in this instance that things got interesting. In the wake of the Blockfolio press release, USA Today aggregated the news and it's here the confusion began.
The story that was published by Madden NFL 24 added the word "signing bonus" that was mentioned within the Blockfolio press release.
They also blended it with Lawrence's actual Madden NFL 24 sign-on bonus from the Jaguars in reporting it as $24.1M and relying on Spotrac as an source."The most likely number. one overall selection at the time of 2021's Madden NFL 24 draft, most likely headed to The Jacksonville Jaguars, has partnered with a leading cryptocurrency investment app called Blockfolio and is expected to deposit his winnings into an account of the company."
"According to Spotrac the sign-on bonus the No. 1 selection is $22.630.055." Now we have an endorsement agreement with Blockfolio which seems to be relatively small in the scheme of things it was paid in crypto.
And recently, it's been tied to Lawrence's huge Madden NFL 24 signing bonus from the league. It's also been reported that the bonus was paid in cryptocurrency. This could be Madden 24 coins a mistake that was made in good faith, or an attempt at making a story more sexually appealing, we're still in the same place: an endorsement agreement with a crypto firm was paid in crypto, and nothing more.
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