In the year that Lawrence became a member of Blockfolio

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 23 incorporated the word "signing bonus" which was given on the Blockfolio press release. It then mixed it up with Lawrence's actual Madden NFL 23 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 23 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."

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