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Devon London
Devon London

There's been plenty of confusion surrounding Trevor Lawrence's first-round signing bonus, and whether the No Mut 24 coins. first overall pick of 2021 might have lost staggering amount of money betting it on cryptocurrency that, as we've learned is in the last few months.

There have been widespread reports that Lawrence was able to lose almost $15 million in the wake of his deal. Fully open, we here at SB Nation we did as also -- however, the truth is that Lawrence isn't likely to lose the Madden NFL 24 funds. The confusion comes from an endorsement contract that was signed prior to the draft Lawrence signed with "Blockfolio," and the words used by the company when they inked Lawrence in the month of April in 2021.

After Lawrence was signed on to Blockfolio they announced their endorsement agreement in the form of a press announcement. In the press release, they mentioned the cash they paid Lawrence as a "signing bonus," likely as a attempt to sound sporty, saying they were depositing the bonus into an online crypto wallet on behalf of the QB."This partnership is the very first endorsement deal ever in which a significant signing bonus was paid entirely in cryptocurrency. The bonus was deposited directly to the Lawrence's Blockfolio account and included Bitcoin, Ethereum and Solana."

There's nothing like"signing bonuses" or "signing bonus" when it comes to an endorsement deal. The endorsement contract is all that's needed. Once you sign the agreement in exchange for money -- or in Lawrence's case that's crypto. While the use of this term in sports is fairly innocuous but here's where things went off the rails. Following the Blockfolio press release, USA Today aggregated the information and this is where that the confusion started.

The story coMadden NFL 24 added the word "signing bonus" that was mentioned within the Blockfolio press release. It then combined it with Lawrence's real Madden NFL 24 sign-on bonus from the Jaguars -- claiming the amount as $24.1M as well as using Spotrac as a source."The most likely No. 1 overall pick in the 2021 Madden NFL 24 draft, probably headed to an NFL team like the Jacksonville Jaguars, has partnered with a world-wide cryptocurrency investment app known as Blockfolio and will deposit his signing bonus into an account at the company cheap madden 24 coins."


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