Sean Culkin Becomes the First NFL Player to get His Entire Salary in Bitcoin, Trevor Lawrence also Joins in
Chiefs tight end has been interested in BTC for years, which he believes is the “future of finance,” and now he gets to have “real skin in the game.” Meanwhile, the former Clemson quarterback signed an endorsement deal with FTX and received his first payment exclusively in crypto into his Blockfolio account.
American football quarterback Trevor Lawrence is joining the small but growing number of athletes getting paid in Bitcoin.
This latest development is the result of Lawrence signing an endorsement deal with cryptocurrency exchange FTX.
“We’re really trying to get our name out a lot,” said Sam Bankman-Fried, the CEO of FTX. This isn’t’ the first time Sam has been trying to take FTX and, by extension, crypto mainstream.
Recently, FTX closed the $135 million deal with Miami-Dade County to name Miami Heat’s home court, FTX Arena, for a period of 19 years.
The former Clemson quarterback received his first payment exclusively in crypto, which was transferred directly into his Blockfolio account, a crypto trading app acquired by FTX in August last year for $150 million.
“Trevor was excited about crypto,” Bankman-Fried said. “That’s what drew us to him.”
The signing bonus that Lawrence received in crypto, a mixture of Bitcoin, Ethereum, & Solana, is reportedly already worth more than when it was deposited on Friday night. Future payments to him will be made in whatever combination of crypto and dollars Lawrence chooses.
“Crypto is on a lot of people’s minds,” Bankman-Fried told DealBook.
Joining Lawrence is Kansas City Chiefs player Sean Culkin who will be taking his entire base salary for 2021, $920,000 in BTC.
I fully believe Bitcoin is the future of finance and I wanted to prove that I have real skin in the game — not just trying to make a quick buck. I will be converting my entire 2021 NFL salary to #Bitcoin.
— Sean Culkin (@culkin22) April 26, 2021
With this, Culkin becomes the first National Football League player to be paid entirely in BTC. Russel Okung, who famously declared “pay me in bitcoin,” receives only half of his salary in BTC.
Much like Okung, Culkin will be staking sats via Zap’s Strike.
Culkin, who first became aware of Bitcoin in 2016, shared his enthusiasm on Twitter and has been sharing his thoughts on crypto regularly. Culkin said,
“For me, it makes sense to get paid in the hardest form of currency, and it’s something that is resistant to inflationary pressures that I think is very relevant in this current economic environment.”