That means they have a lot of marketing money to spend. At the same time, Robinhood now makes significantly more money from crypto trading than from equity trading, despite launching the product just 2-3 years ago. The result? Crypto companies like Coinbase and Cash App are doing billions of dollars in quarterly crypto revenue. That means that if crypto were a public company, it would be the world’s 3rd largest - just behind Apple and Microsoft but ahead of Google, Amazon, and Tesla. The entire market cap of all crypto assets is $2.5 trillion, up from just $375 billion a year ago. These crypto companies are printing cash right now. That’s Twitter, I guess, but the reality is situated on a much more logical ground. Some people call them geniuses and innovative, while others quickly label them as idiots and say they will go broke. These announcements are always controversial. Tom Brady signed a deal with crypto company FTX, receiving equity in the company and a signing bonus paid in crypto.Īaron Rodgers teamed up with Cash App earlier this month and announced that he would be taking a portion of his NFL contract in Bitcoin. Saquon Barkley announced that he would be paid 100% of his $10 million-plus annual endorsement income in Bitcoin. Trevor Lawrence (#1 pick in the 2021 NFL draft) signed a deal with Blockfolio earlier this year and accepted his signing bonus in crypto. and Russell Okung aren’t the only athletes to do this. It’s essentially direct deposit for Bitcoin that helps sidestep the current NFL rules.Īgain, we could argue for hours whether or not this should actually count as being “Paid In Bitcoin,” but I’m not sure it matters - when the money hits the athlete’s account/wallet, they see Bitcoin, not USD.įurthermore, Odell Beckham Jr. From there, Strike immediately converted the US Dollar into Bitcoin and deposited it in Okung’s wallet. Here’s how that worked: The Carolina Panthers set up account wire instructions with Zap’s payment product Strike and were instructed to send 50% of Okung’s regularly scheduled game checks into that account. I don’t know the specifics of Odell’s agreement with Cash App, so I’ll use Russell Okung as an example instead, the NFL lineman who agreed to take 50% of his $13 million salary in Bitcoin last year. Still, in most cases, the athlete is *indirectly* being paid in Bitcoin. The Collective Bargaining Agreement (CBA) negotiated between the NFL & its players’ association does not currently allow NFL teams to pay their players in Bitcoin directly - the only options are direct deposit or physical check. isn’t *technically* being paid in Bitcoin. Christian Kirk really set the market off.For starters, no, Odell Beckham Jr. All I know is that in hindsight, I would’ve paid Deebo three-quarters of the way through the season, try to do a contract in-season, for sure. “Hindsight is 20-20, right? And I know nothing, I haven’t talked to John Lynch, Kyle Shanahan or Deebo about it, I have not,” Kittle said, h/t Audcacy. “Deebo deserves to get paid a lot of money, and if they don’t want to give you a lot of money, do what you need to do.” George Kittle speaks on Deebo Samuel contract situationĪdditionally, Kittle did say that if he were the 49ers, he would have negotiated a deal in-season this past year. “It’s the NFL, go get what you deserve dude,” said Kittle, h/t Sports Illustrated. George Kittle shared his thoughts on the Deebo Samuel contract situation 👀 #49ers || #FTTB On June 26, ESPN’s Jeremy Fowler revealed that Samuel has not officially rescinded his trade request, but did report to team minicamp.Ĥ9ers tight end George Kittle appeared on Barstool Sports’ “Bussin’ with the Boys” podcast, hosted by Taylor Lewan and Will Compton, and said he supports Samuel in his pursuit of getting a new contract. This offseason, as the top wide receivers across the league were receiving new contracts, Deebo Samuel requested a trade from the San Francisco 49ers. San Francisco 49ers tight end George Kittle says he supports Deebo Samuel amid contract talks.
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