This week , there are numerous reports that Lawrence suffered a loss of nearly $15M in the wake of his contract. In full disclosure, SB Nation is one of them. SB Nation we did as also -- however, the truth is that Lawrence likely didn't lose any of his Madden NFL 24 dollars Mut 24 coins. The confusion arises from an endorsement agreement that was pre-draft Lawrence has signed using "Blockfolio," and the words used by the company when they inked Lawrence on April 20. 2021.
As soon as Lawrence became a member of Blockfolio they announced their endorsement agreement in the form of a press announcement. In it they referred to the amount they paid Lawrence as an "signing bonus," likely as a method of sounding sporty, saying they were depositing the bonus into an account in a cryptocurrency wallet for the QB."This collaboration is the first endorsement deal ever in which a significant bonus for signing is paid completely in cryptocurrency. The bonus was put directly into the player's Blockfolio account and was accompanied by Bitcoin, Ethereum and Solana."
There's nothing called a "signing bonus" in relation to an endorsement deal. It's simply an endorsement contract. When you sign the contract in exchange for money -- or in Lawrence's case, you get crypto. While using this sports term is relatively harmless but it's in this instance that things went off the rails. Following the Blockfolio press announcement, USA Today aggregated the news and it's here the confusion began.
The story coMadden NFL 24ated the phrase "signing bonus" which was given within the Blockfolio press release. It then added it to Lawrence's actual Madden NFL 24 bonuses for signing with the Jaguars -- claiming the amount as $24.1M with Spotrac as source. source."The probable No. 1 overall pick during the 2021 Madden NFL 24 draft buy madden 24 coins, probably headed to an NFL team like the Jacksonville Jaguars, has partnered with a worldwide cryptocurrency investment app called Blockfolio and is expected to deposit the money he earns from signing into an account owned by the company."
