Tag: Los Angeles Rams

NFL Star Beckham Jr to Accept Salary in Bitcoin

by Blockchain News

National Football League’s star Odell Beckham Jr has become the latest high-profile athlete to accept his remuneration in Bitcoin from his team Los Angeles Rams.

Webp.net-resizeimage - 2021-11-23T121817.207.jpg

Beckham Jr’s new payment deal comes as part of an arrangement with Square Inc-backed mobile payments service Cash App.

“It’s the start of a new era I’m looking forward to the future,” he wrote in a video embedded tweet.

Reports suggest Beckham Jr’s total salary for the 2021 season would be worth roughly 75.66 BTC at an average price of $56,103. Beckham Jr also stated that he will be taking all of his $4.25 million NFL salary in Bitcoin.

Digital wallet Cash App allows users to send and receive money, invest in stocks and trade Bitcoin.

Beckham Jr also owns a CryptoPunk-style NFT image titled CryptoPunk 3365, which he set as his Twitter profile picture; the price of that NFT is unknown.

Enthusiasm for cryptocurrency among athletes was seen earlier this month when Green Bay Packers star Aaron Rodgers announced a similar tie-up with Cash App, saying he would receive part of his salary in Bitcoin.

While on October 27, Blockchain.News reported that a Tampa Bay Buccaneers fan has rewarded a Bitcoin from Tom Brady after the fan returned the ball following Brady’s 600th touchdown pass, which Mike Evans completed.

Image source: Shutterstock

Source

Tagged : / / / /

Rams player Odell Beckham Jr. will accept NFL salary in Bitcoin

by Cointelegraph

Odell Beckham Jr., wide receiver for the Los Angeles Rams football team, has said he will be taking all of his $4.25 million National Football League salary in Bitcoin.

In a Nov. 22 post to his Twitter account, Beckham said he would be partnering with Cash App to take his next NFL salary in Bitcoin (BTC). National Insider reporter Ian Rapoport said earlier this month that Beckham would be earning a $750,000 base salary on top of a $500,000 signing bonus in addition to $3 million in other incentives, totaling $4.25 million for the 2021 season.

According to data from Cointelegraph Markets Pro, Beckham’s total salary would be worth roughly 75.66 BTC given a price of $56,103 at the time of publication. Though the crypto asset reached an all-time high price near $69,000 on Nov. 10, it has since fallen under $60,000.

Beckham, who currently has a CryptoPunk-style image as his Twitter profile picture, currently plays with the Rams in Los Angeles. The city’s Staples Center — not the home of the Rams, but other sports teams including the Los Angeles Clippers — has recently been targeted by fans and social media personalities after the Crypto.com platform signed a $700 million deal to rename the arena.

Related: Pro sports leagues are no longer resisting NFTs: Dapper Labs

Beckham joins other professional sports players embracing crypto as the space seemingly becomes more mainstream. In October, Tampa Bay Buccaneers quarterback Tom Brady said he would be compensating the fan who held his 600th-career-touchdown football with 1 BTC along with some signed sports memorabilia. Green Bay Packers quarterback Aaron Rodgers — recently in the national spotlight after deceiving the public about his COVID-19 vaccine status — also said he would be receiving part of his $22 million salary in BTC.