Six months in the past, we reported that Kansas Metropolis Chiefs tight finish Sean Culkin deliberate to develop into the primary NFL participant to take one hundred pc of his wage in Bitcoins moderately than Benjamins. At the moment, we posed the query: Will the LA Rams ever pay a player in Bitcoin over Benjamins? Properly, six months later, now we have our reply.
The LA Rams have simply signed a brand new large receiver to the staff by the identify of Odell Beckham Jr. Properly, he could also be smart to vary his identify to Odell Bitcoin Jr, due to his newest Tweet concerning a cope with Money App. In that announcement, he’s the spokesperson for a promotion with a giveaway prize incentive of as much as $1 million in Bitcoin (BTC).
And within the course of, he introduced that he’s taking his wage from the LA Rams in bitcoin.
It’s a NEW ERA & to kick that off I’m hyped to announce that I’m taking my new wage in bitcoin due to @CashApp. To ALL MY FANS on the market, regardless of the place u r: THANK YOU! I’m giving again a complete of $1M in BTC rn too. Drop your $cashtag w. #OBJBTC & comply with @CashApp NOW pic.twitter.com/ds1IgZ1zup
— Odell Beckham Jr (@obj) November 22, 2021
Whereas the promotion is definitely apt to catch some consideration, the underlying cryptocurrency is considerably speculative. Once we ran the story on April 26, 2021, one bitcoin held a price of $54,768.30. On Monday, November 22, 2021, the worth of a single bitcoin has increased to 56,289.00. That’s an appreciation of two.65 % or a return price of 4.6 % on an annual foundation.
New cryptocurrency compensation contract clause coming?
Whereas the NFL and NFLPA haven’t deliberated on the matter, this may very well be a negotiation level of the long run if hypothesis amongst NFL gamers ends in extreme compensation. Proper now, the NFL treats all compensation purely on the US Greenback worth. We talked about how $7.5 million of Russell Okung’s parlay might have a large windfall in retailer.
Do it, now. pic.twitter.com/9eAJxcBxLi
— Okung 💯 (@RussellOkung) December 29, 2020
A purchase order of 274.1 bitcoin then can be price $15,411,250.57 right this moment. After all, it’s simple to painting bitcoin within the narrative of what-it? long-term funding. However assuming that OBJ transformed his $1.25 million price of wage and signing bonus from the LA Rams group into bitcoin, he would personal 22.2068 bitcoin. Now, we’ll revisit this maneuver sooner or later.
If the transfer pays off, he shall be paid fairly handsomely for a number of video games’ price of labor. If not? He dangers incomes lower than the NFL minimal.