{"id":41435,"date":"2021-04-26T18:58:22","date_gmt":"2021-04-26T15:58:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41435"},"modified":"2025-08-30T18:45:11","modified_gmt":"2025-08-30T15:45:11","slug":"american-football-player-to-be-paid-his-entire-salary-in-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/american-football-player-to-be-paid-his-entire-salary-in-bitcoin\/","title":{"rendered":"American football player to be paid his entire salary in Bitcoin"},"content":{"rendered":"<p>Kansas City player Sean Culkin will be the first in the NFL to receive his 2021 salary of $920,000 in Bitcoin. <a href=\\\"https:\/\/www.coindesk.com\/chiefs-sean-culkin-convert-nfl-salary-bitcoin\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener nofollow\\\">CoinDesk<\/a> reports.<\/p>\n<p>Culkin described it as &#8220;not the wisest financial decision.&#8221; However, he added that he expects it to be a long-term investment.<\/p>\n<p>Another football player, Trevor Lawrence, signed a contract with the digital-asset portfolio management service Blockfolio.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re excited to announce our partnership with football star, <a href=\\\"https:\/\/twitter.com\/Trevorlawrencee?ref_src=twsrc%5Etfw\\\">@Trevorlawrencee<\/a>! The world of sports and crypto will never be the same. <a href=\\\"https:\/\/t.co\/8KC3ZHHagu\\\">pic.twitter.com\/8KC3ZHHagu<\/a><\/p>\n<p>\u2014 Blockfolio (@blockfolio) <a href=\\\"https:\/\/twitter.com\/blockfolio\/status\/1386667859393253376?ref_src=twsrc%5Etfw\\\">April 26, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to <a href=\\\"https:\/\/www.nytimes.com\/2021\/04\/26\/business\/dealbook\/ceo-pay-pandemic.html\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener nofollow\\\">New York Times<\/a>, the contract provides a &#8216;substantial bonus&#8217; in cryptocurrency. The deal amount has not been disclosed.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;As soon as you start seeing names like Trevor Lawrence, and famous people from the entertainment industry, the taboo is officially broken. People realize that the crypto industry is real,&#8221; said Sina Nader, Chief Technology Officer of the crypto exchange FTX.<\/p>\n<\/blockquote>\n<p>In August 2020, FTX <a href=\"https:\/\/forklog.com\/en\/news\/media-reports-that-ftx-the-crypto-derivatives-exchange-acquired-blockfolio-but-the-post-was-later-deleted\">bought Blockfolio for $150 million<\/a>. Lawrence also struck an agreement with the exchange&#8217;s head, Sam Bankman-Fried, on a joint charitable donation of $100,000.<\/p>\n<p>In March, FTX reached an agreement with Miami-Dade County authorities on a 19-year partnership to <a href=\"https:\/\/forklog.com\/en\/news\/ftx-to-secure-naming-rights-for-the-miami-heat-arena\">name the home arena<\/a> of the local NBA team after its own name.<\/p>\n<p>In December 2020, NFL player Russell Okung began automatically <a href=\"https:\/\/forklog.com\/en\/news\/nfl-star-converts-half-of-salary-to-bitcoin-via-lightning-network\">converting into Bitcoin<\/a> half of his $13 million annual salary.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kansas City player Sean Culkin will be the first in the NFL to receive his 2021 salary of $920,000 in Bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":41436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1903,1236,828],"class_list":["post-41435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blockfolio","tag-ftx","tag-sports"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=41435"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41435\/revisions"}],"predecessor-version":[{"id":41437,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41435\/revisions\/41437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/41436"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=41435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=41435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=41435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}