Russell Okung to Be 1st NFL Player Paid in Bitcoin

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  • Sanity Check
    SBR Posting Legend
    • 03-30-13
    • 10962

    #1
    Russell Okung to Be 1st NFL Player Paid in Bitcoin
    The Carolina Panthers will pay half of Russell Okung's $13 million contract for 2020 in Bitcoin, according to NFL Network's Ian Rapoport.
    The two-time Pro Bowler signaled his desire in May 2019 to be compensated in the form of the popular cryptocurrency and confirmed he got his wish Tuesday:

    https://twitter.com/RussellOkung/sta...23267019698177

    The 32-year-old is the first NFL player to have a portion of his contract paid out in Bitcoin, but he isn't the first from a major American sports league to explore the idea.

    Brooklyn Nets guard Spencer Dinwiddie told Shams Charania of The Athletic and Stadium in May he would hold a fan vote on his next team if a GoFundMe campaign he set up raised more than $24.6 million in Bitcoin.
    Prior to that, ESPN's Kevin Arnovitz wrote how Dinwiddie was looking to set up a Professional Athlete Investment Token, which would allow somebody to invest in him and his financial upside as one would a traditional stock.
    Okung, working as his own agent, signed a four-year, $53 million deal with the Los Angeles Chargers in 2017. He's in the last year of his deal and due to become a free agent in 2021, which will allow him another opportunity to collect a big payout, potentially in the form of digital currency.



    The Carolina Panthers will pay half of Russell Okung's $13 million contract for 2020 in Bitcoin, according to NFL Network's Ian Rapoport.




  • hehfest
    SBR Hall of Famer
    • 09-28-08
    • 7934

    #2
    What if BTC crashes right after that lump sum guaranteed money??

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