Lawrence likely didn't lose all of his Madden NFL 24 money from MacMillanwu's blog

There's been a lot of confusion over Trevor Lawrence's rookie signing bonus, and Madden 24 coins whether the no. 1 overall selection in 2021 could have lost a significant amount of money taking a gamble on cryptocurrency, that, as we've learned has experienced a crash in recent months.

This week there have been numerous reports that Lawrence lost almost $15M because of his contract. It's true that SB Nation is one of them. SB Nation we did as well . However, the truth is that Lawrence likely didn't lose all of his Madden NFL 24 money. The confusion comes from an endorsement contract that was signed prior to the draft Lawrence had signed that included "Blockfolio," and the phraseology used by the company when they signed Lawrence in the month of April in 2021.

In the year that Lawrence became a member of Blockfolio they announced the endorsement deal via a press release. In the press release, they mentioned the amount they were paying Lawrence as a "signing bonus," likely as a attempt to sound more athletic. They also stated that they were depositing the money into an crypto wallet to be used by the QB."This partnership is the first time ever where a significant sign-up bonus was paid entirely in cryptocurrency. The bonus was directly deposited into Lawrence's Blockfolio account, and comprised Bitcoin, Ethereum and Solana."

There's not a thing called"signing bonus" or "signing bonus" when it comes to an endorsement deal. It's simply an endorsement contract. Once you sign the agreement and you're paid -- or in Lawrence's case it's crypto. While the use of this term in sports is not a huge deal however, this is where things took a jump. In the wake of the Blockfolio press announcement, USA Today aggregated the news , and that's where that the confusion started.

The story was co-written by Madden NFL 24 incorporated the word "signing bonus" which was given on the Blockfolio press release. It then mixed it up with Lawrence's actual Madden NFL 24 reward for signing from the Jaguars and reported it being $24.1M as well as using Spotrac as an source."The presumptive No. one overall selection at the time of 2021's Madden NFL 24 draft, likely to be drafted by the Jacksonville Jaguars, has partnered with a world-wide cryptocurrency-based investment app called Blockfolio and will deposit his winnings into an account in the firm."

"According to Spotrac The signing bonus the No. one choice is $22.630.055." We now have an endorsement deal with Blockfolio that is probably quite small in comparison to other endorsement deals and was paid in crypto . And now it has been linked to Lawrence's massive Madden NFL 24 signing bonus from the league. It's also been reported that the bonus was paid in crypto. If it was an honest error, or an attempt at making the story seem more sexually attractive, we're left at the same position: An endorsement deal with a crypto-related company was paid in crypto, and Buy Madden 24 coins nothing more.