The report coMadden NFL 23ated the phrase "signing bonus" from hgdgsvhgvuj's blog

There's been lots of confusion over Trevor Lawrence's rookie signing bonus and the possibility that the no. 1 overall selection in Madden 23 Coins 2021 could have lost a massive amount of cash by taking a gamble on cryptocurrency, which , as we've heard has experienced a crash in recent months.

This week , there are many reports suggesting that Lawrence has lost nearly $15 million in the wake of his contract. We're not lying, SB Nation is one of them. SB Nation we did as also -- however, the truth is that Lawrence probably didn't forfeit his Madden NFL 23 money. The confusion arises from a pre-draft endorsement deal Lawrence signed with "Blockfolio," and the words used by the company when they signed Lawrence on April 20. 2021.

As soon as Lawrence became a member of Blockfolio they announced the endorsement deal via a press release. The press release referred to the cash they paid Lawrence as a "signing bonus" possibly as a approach to sound like a sportsperson, claiming they were depositing the bonus into a crypto wallet for the QB."This partnership is the very first endorsement deal in which a significant signing bonus was paid out entirely in cryptocurrency. The bonus was transferred directly into the player's Blockfolio account, and comprised Bitcoin, Ethereum and Solana."

There's nothing called"signing bonuses" or "signing bonus" when it comes to an endorsement deal. It's simply an endorsement contract. When you sign the contract in exchange for money or, in the case of Lawrence the crypto. While the use of this term in sports isn't a big deal, it's here where things took a jump. In the wake of the Blockfolio press announcement, USA Today aggregated the details and here's where that the confusion started.

The report coMadden NFL 23ated the phrase "signing bonus" that was mentioned in the Blockfolio press release. It then mixed it up with Lawrence's actual Madden NFL 23 sign-on bonus with the Jaguars in reporting it to be $24.1M and using Spotrac as a source."The presumed number. one overall selection during the 2021 Madden NFL 23 draft, most likely headed to The Jacksonville Jaguars, has partnered with Madden 23 Coins Buy a worldwide cryptocurrency-based investment application called Blockfolio and is expected to deposit his prize in an account with the company."