Description
After Lawrence joined Blockfolio they announced their endorsement deal via the form of a press announcement. The press release referred to the amount they would be paying Lawrence as an "signing bonus Madden 24 Coins," likely as a shorthand approach to sound athletic, and claimed they were depositing the bonus in an online crypto wallet on behalf of the QB."
This partnership marks the first ever endorsement agreement in which a significant bonus for signing has been paid entirely in cryptocurrency. The bonus was paid directly to the Lawrence's Blockfolio account, and comprised Bitcoin, Ethereum and Solana."
There's nothing like"signing bonuses" or "signing bonus" in relation to an endorsement deal. The endorsement contract is all that's needed. You sign the deal, you get paid money -- or in the case of Lawrence, you get crypto. While the use of this term in sports seems to be a common practice but it's in this instance that things got interesting. In the wake of the Blockfolio press release, USA Today aggregated the news and it's here the confusion began.
The story that was published by Madden NFL 23 added the word "signing bonus" that was mentioned within the Blockfolio press release Buy Mut 24 Coins. They also blended it with Lawrence's actual Madden NFL 23 sign-on bonus from the Jaguars in reporting it as $24.1M and relying on Spotrac as an source."
