There's nothing like"signing bonus" or "signing bonus" in the context of an endorsement contract. It's just the endorsement contract. When you sign the contract and you're paid or, in the case of Lawrence the crypto. Although the term used in sports isn't a big deal however, this is where things went off the rails. After the Mut 23 Coins press announcement, USA Today aggregated the information and this is where that the confusion started.
The story that was published by Madden NFL 23 incorporated the word "signing bonus" that was mentioned within the Blockfolio press release. It also combined it with Lawrence's real Madden NFL 23 sign-on bonus with the Jaguars and reported that it was $24.1M and using Spotrac as source. source."The presumed number. one overall selection for the 2021 Madden NFL 23 draft, likely to be drafted by Jacksonville Jaguars Jacksonville Jaguars, has partnered with a cryptocurrency-based investment app called Blockfolio and plans to transfer his bonus in an account owned by the firm."
"According to Spotrac the amount of the signing bonus for the No. 1 choice is estimated to be $22.630.055." We now have an endorsement agreement with Blockfolio that is probably quite small in comparison to other endorsement deals that was paid in cryptocurrency -- and the deal has now been linked to Lawrence's massive Madden NFL 23 signing bonus from the league, but misrepresented the fact that the money was deposited into cryptocurrency. It's unclear if this was a genuine error, or an effort to create the story more sexually appealing, we're in the same spot: An endorsement agreement with a crypto-related company was paid in cryptocurrency, and that's all there is to it.
On Tuesday, an author from The Sun Sentinel took information published to Buy Mut Coins Madden 23 and posted an infamous tweet mocking The Jaguars QB. Of of course, we know that this is completely falseas there is no proof that Lawrence invested his $24 million in cryptocurrency. But this fact was mentioned in many stories that claimed Lawrence was a muggle however this was not the situation.
