One overall selection of the 2021 Madden NFL 23 draft

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There have been widespread reports that Lawrence lost almost $15M in the wake of his deal. Fully open, on our side at SB Nation we did as well , but the reality is that Lawrence probably didn't forfeit any of his Madden 23 coins  amount. The confusion is due to a pre-draft endorsement deal Lawrence was signed under the name "Blockfolio," and the words used by the company when they inked Lawrence in April of 2021.

After Lawrence was signed on to Blockfolio they announced their endorsement deal via the form of a press announcement. The press release referred to the amount they would be paying Lawrence as a "signing bonus" possibly as a strategy to sound like a sportsperson, claiming they were depositing the bonus in an online crypto wallet on behalf of the QB."This partnership is the first endorsement deal ever in where a significant sign-up bonus was paid entirely in cryptocurrency. The bonus was put directly into Lawrence's Blockfolio account and also included Bitcoin, Ethereum and Solana."

There's nothing like"signing bonus" or "signing bonus" in relation to an endorsement contract. The endorsement contract is all that's needed. When you sign the contract and get paid or, in the case of Lawrence it's crypto. While the usage of the word "sports" is fairly innocuous, it's here where things got interesting. In the wake of the Blockfolio press release, USA Today aggregated the details and here's where that the confusion started.

The article coMadden NFL 23ated the phrase "signing bonus" that was mentioned on the Blockfolio press release. It then was able to combine it with Lawrence's official Madden NFL 23 award from the Jaguars in reporting it to be $24.1M and using Spotrac as an source."The most likely number. one overall selection of the 2021 Madden NFL 23 draft, most likely headed to an NFL team like the Jacksonville Jaguars, has partnered with a global cryptocurrency investment platform called Blockfolio and will transfer his bonus in an account of the firm."

"According to Spotrac this year's signing bonus next year's top. one pick is $22.630.055." So now we have an endorsement deal from Blockfolio, which is likely to be quite modest in relation to the overall picture and was paid with Buy Madden 23 coins .