"This partnership marks the first time in history which mut 24 madden coins a significant signing bonus was paid out entirely in cryptocurrency. The bonus was directly deposited into the player's Blockfolio account and was accompanied by Bitcoin, Ethereum and Solana."
There's no such thing as"signing bonus" or "signing bonus" in relation to an endorsement contract. It's the endorsement contract. You sign the deal and then you're paid -- or in the case of Lawrence the crypto.
While the usage of the word "sports" is fairly innocuous however, this is where things went off the rails. In the wake of the Blockfolio press announcement, USA Today aggregated the news , and that's where that the confusion started.
The article coMadden NFL 24ated the phrase "signing bonus" which was given on the Blockfolio press release. They also was able to combine it with Lawrence's official Madden NFL 24 award offered by the Jaguars -- reporting it as $24.1M as well as using Spotrac as the source.
"The likely No. 1 overall pick of the 2021 Madden NFL 24 draft, probably headed to The Jacksonville Jaguars, has partnered with a world-wide cryptocurrency-based investment app called Blockfolio and plans to transfer his signing bonus into an account owned by the firm."
"According to Spotrac the sign-on bonus the No. 1 pick is an estimated $22.630.055." So now we have an endorsement deal with Blockfolio, presumably fairly small in the scheme of things and was paid in cryptocurrency -- and the deal has now been linked to Madden nfl 24 coins Lawrence's enormous Madden NFL 24 signing bonus from the league.