It's unclear if this was a genuine error from buryw's blog

There's been a lot confusion surrounding Trevor Lawrence's first-round signing bonus and Madden 23 coins the possibility that the number. top overall pick for 2021 may have lost a massive amount of cash by risking it on cryptocurrency, which , as we've heard has experienced a crash in recent months.

This week there have been various reports that Lawrence lost almost $15M due to his contract. In full disclosure, on our side at SB Nation we did as well . The truth is that Lawrence most likely didn't loose money from his Madden NFL 23 cash. The confusion arises from a pre-draft endorsement deal Lawrence was signed under the name "Blockfolio," and the terms used by the company to announce that they inked Lawrence in the month of April in 2021.

When Lawrence joined Blockfolio they announced the endorsement deal via a press release. The release mentioned the amount they were paying Lawrence as an "signing bonus" likely as a way of trying to sound sporty, saying they were depositing the cash into an account in a cryptocurrency wallet for the QB."This partnership marks the first endorsement deal ever in which a significant signing bonus was paid in cryptocurrency. The bonus was directly deposited to the Lawrence's Blockfolio account and also included Bitcoin, Ethereum and Solana."

There's not a thing called"signing bonus" or "signing bonus" when it comes to an endorsement deal. The endorsement contract is all that's needed. The contract is signed in exchange for money or, in the case of Lawrence, you get crypto. While the use of this term in sports is fairly innocuous however, this is where things took a jump. Following the Blockfolio press announcement, USA Today aggregated the news and it's here the confusion began.

The story was co-written by Madden NFL 23 used the term "signing bonus" that was mentioned in the Blockfolio press release. Then, it mixed it up with Lawrence's actual Madden NFL 23 bonuses for signing with the Jaguars in reporting it to be $24.1M, and using Spotrac as source. source."The likely No. one overall selection of the 2021 Madden NFL 23 draft, probably headed to Jacksonville Jaguars Jacksonville Jaguars, has partnered with a worldwide cryptocurrency-based investment app called Blockfolio and will place his bonus in an account with the company."

"According to Spotrac the amount of the signing bonus for this year's No. one choice is $22.630.055." We now have an endorsement agreement with Blockfolio, presumably fairly small in relation to the overall picture it was paid in crypto -- and this week, it's been linked to Lawrence's enormous Madden NFL 23 signing bonus from the league, and misreported that the cash was transferred into cryptocurrency. It's unclear if this was a genuine error, or an attempt at making a story a bit more sexually sexier we're all in the same point: an endorsement agreement with a crypto-related company was paid in cryptocurrency, and cheap madden 23 coins that's all there is to it.